CPA ENDOWMENT FUND OF ILLINOIS (EIN 364261924) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

GEOFFREY BROWN

Phone

3129930407

Tax Period

2023-04-01 to 2024-03-31

CPA ENDOWMENT FUND OF ILLINOIS, founded in 1998, is a small nonprofit in the Education sector that reported $580K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $107K, a strong 18% operating margin.

Mission

SERVE THE PUBLIC BY ENCOURAGING ACCOUNTING AS A CAREER & PROVIDING SCHOLARSHIPS TO COLLEGE STUDENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $267,939

Program Service Revenue $0

Investment Income $311,973

Other Revenue $0

TOTAL REVENUE $579,912

Expense Breakdown

Grants Paid $239,539

Salaries & Benefits $177,780

Fundraising Expenses $67,766

Program Expenses $352,148

Other Expenses $55,489

TOTAL EXPENSES $472,808

Year-over-Year Comparison

	2023	2022	Change
Revenue	$579,912	$433,921	+0.3%
Expenses	$472,808	$493,452	0.0%
Net Income	$107,104	$-59,531	-2.8%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$790,203

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLEY WAITE	DIRECTOR - PRESIDENT	1.00	Officer Director	$0	$0	$0
JASON PARISH	DIRECTOR-VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFFERY WATSON	DIRECTOR-TREASURER	1.00	Officer Director	$0	$0	$0
MARTRICE CALDWELL	DIRECTOR-SECRETARY	1.00	Officer Director	$0	$0	$0
HOWARD BLUMSTEIN	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
THOMAS MURTAUGH	DIRECTOR	1.00	Director	$0	$0	$0
BRENT BACCUS	DIRECTOR	1.00	Director	$0	$0	$0
ROSARIA CAMMARATA	DIRECTOR	1.00	Director	$0	$0	$0
ROXANNE CHOW	DIRECTOR	1.00	Director	$0	$0	$0
MARY FULLER	DIRECTOR	1.00	Director	$0	$0	$0
MARK GLOCHOWSKY	DIRECTOR	1.00	Director	$0	$0	$0
LEE GOULD	DIRECTOR	1.00	Director	$0	$0	$0
GEOFFREY HARLOW	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
KENTON KLAUS	DIRECTOR	1.00	Director	$0	$0	$0
DAMIEN MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
LEILANI RODRIGO	DIRECTOR	1.00	Director	$0	$0	$0
SARA MIKUTA	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH ROOD	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH SLOAN	DIRECTOR	1.00	Director	$0	$0	$0
MARIE SHAVER	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN ACEVEDO	DIRECTOR	1.00	Director	$0	$0	$0
GEOFFREY BROWN	PRESIDENT/CEO	2.00	Officer	$0	$8,732	$375,140
RYAN MURNICK	CFO/VP OF FINANCE & ADMINISTRATION	2.00	Officer	$0	$25,670	$173,811
JENNIFER SCHULTZ	FORMER COO & CFO	2.00	Officer	$0	$105,323	$241,252
TODD SHAPIRO	FORMER PRESIDENT/CEO	0.00		$0	$235,477	$383,899

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$579,912	$472,808	$5,754,024	$107,104
2023	$433,921	$493,452	$5,260,549	$-59,531
2022	$817,597	$398,376	$5,844,349	$419,221
2021	$427,833	$372,718	$5,753,931	$55,115
2020	$553,346	$335,733	$4,417,248	$217,613
2019	$432,682	$294,916	$4,651,448	$137,766

CPA ENDOWMENT FUND OF ILLINOIS