Illinois Nurses Foundation

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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

1999

Legal Domicile

Principal Officer

Susan Y Swart

Phone

8154688804

Tax Period

2023-07-01 to 2024-06-30

Illinois Nurses Foundation, founded in 1999, is a small nonprofit in the Health Care sector that reported $160K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $147K left a modest 8% surplus.

Mission

To promote the health of the public by supporting nurses in Illinois through charitable, research and educational initiatives.

Program Service Accomplishments

Program 1

Expenses: $74,179

The Foundation provides scholarship funding to students of nursing and to nurses, funds scholarship initiatives that promote health of people and development of the nursing profession, and informs...

The Foundation provides scholarship funding to students of nursing and to nurses, funds scholarship initiatives that promote health of people and development of the nursing profession, and informs the public about health issues and nursing.

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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 $99,469

Program Service Revenue $0

Investment Income $25,432

Other Revenue $35,089

TOTAL REVENUE $159,990

Expense Breakdown

Grants Paid $25,500

Salaries & Benefits $0

Fundraising Expenses $37,907

Program Expenses $74,179

Other Expenses $121,517

TOTAL EXPENSES $147,017

Year-over-Year Comparison

	2023	2022	Change
Revenue	$159,990	$124,113	+0.3%
Expenses	$147,017	$105,248	+0.4%
Net Income	$12,973	$18,865	-0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amanda Oliver	President	1.50	Officer Director	$0	$0	$0
Jeannine Hoberman	Vice President	0.50	Officer Director	$0	$0	$0
Dawn Vollers	Treasurer	0.80	Officer Director	$0	$0	$0
Cheryl Anema	Director	0.50	Director	$0	$0	$0
Lisa Conley	Director	0.50	Director	$0	$0	$0
Katherine de los Trinos-Ocampo	Director	0.50	Director	$0	$0	$0
Susana Gonzalez	Director	0.50	Director	$0	$0	$0
Linda Olson	Director	0.50	Director	$0	$0	$0
Colleen Morley	Secretary	0.50	Officer Director	$0	$0	$0
Sunny Hampsey	ANA Board Rep	0.50	Director	$0	$0	$0
Stephanie Mendoza	ANA Board Rep	0.50	Director	$0	$0	$0
Zeh Wellington	ANA Board Rep	0.50	Director	$0	$0	$0
Susan Y Swart	Executive Director	1.00	Officer	$0	$0	$0

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	$159,990	$147,017	$659,835	$12,973
2023	$124,113	$105,248	$595,289	$18,865
2022	$96,095	$83,890	$561,123	$12,205
2021	$80,739	$60,322	$659,826	$20,417
2020	$85,852	$79,807	$581,332	$6,045
2019	$112,141	$100,840	$541,133	$11,301