NORTHERN ILLINOIS RESEARCH FOUNDATION (EIN 364436635) - 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

2001

Legal Domicile

Principal Officer

DR ROBERT BRINKMAN

Phone

8157531883

Tax Period

2023-07-01 to 2024-06-30

NORTHERN ILLINOIS RESEARCH FOUNDATION, founded in 2001, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $272K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

TO FACILITATE RESEARCH & DEVELOPMENT ACTIVITIES FOR THE BENEFIT OF NORTHERN ILLINOIS UNIVERSITY.

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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 $206,618

Program Service Revenue $65,565

Investment Income $0

Other Revenue $0

TOTAL REVENUE $272,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,980

Program Expenses $180,054

Other Expenses $271,186

TOTAL EXPENSES $271,186

Year-over-Year Comparison

	2023	2022	Change
Revenue	$272,183	$294,663	-0.1%
Expenses	$271,186	$289,702	-0.1%
Net Income	$997	$4,961	-0.8%

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

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

$1,062,627

Total Directors

$991,454

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR YVONNE HARRIS	PRESIDENT	2.00	Officer Director	$0	$49,780	$301,863
DR ROBERT BRINKMANN	VICE PRESIDENT	2.00	Officer Director	$0	$54,039	$323,242
SCOT DOBBS	DIRECTOR	2.00	Director	$0	$0	$0
TRAVIS LINDERMAN	DIRECTOR	2.00	Director	$0	$0	$0
GREGORY MORIN	DIRECTOR	2.00	Director	$0	$0	$0
DR JAYAKAR CHARLES TOBIN THANGARAJ	DIRECTOR	2.00	Director	$0	$0	$0
DR DAVE GREWELL	DIRECTOR	2.00	Director	$0	$56,349	$366,349
CARA CARLSON	TREASURER	2.00	Officer	$0	$51,491	$197,607
RACHEL JURS-LAUDERDALE	SECRETARY	2.00	Officer	$0	$7,466	$65,791
KARINNE BREDBERG	SECRETARY	2.00	Officer	$0	$38,936	$174,124

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	$272,183	$271,186	$144,482	$997
2023	$294,663	$289,702	$119,420	$4,961
2022	$296,352	$304,630	$141,477	$-8,278
2021	$287,992	$279,220	$176,631	$8,772
2020	$243,699	$285,585	$163,190	$-41,886
2019	$366,127	$441,821	$202,977	$-75,694
2018	$455,782	$567,774	$351,293	$-111,992

NORTHERN ILLINOIS RESEARCH FOUNDATION