ILLINOIS PARK AND RECREATION FOUNDATION (EIN 364476261) - 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

Jarrod Scheunemann

Phone

7085882280

Tax Period

2024-01-01 to 2024-12-31

Illinois Park and Recreation Foundation is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $69K in total revenue in fiscal year 2019. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $52K, a strong 75% operating margin.

Mission

THE FOUNDATION WAS FORMED TO PROVIDE SUPPORT, FUNDING, AND IN-KIND DONATIONS FOR EDUCATIONAL PROGRAMMING AND RESEARCH THAT WILL BENEFIT THE CITIZENS OF ILLINOIS AND IPRA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,362

Program Service Revenue $0

Investment Income $29,783

Other Revenue $24,632

TOTAL REVENUE $61,777

Expense Breakdown

Grants Paid $25,254

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $27,357

Other Expenses $10,185

TOTAL EXPENSES $35,439

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,777	$52,785	+0.2%
Expenses	$35,439	$43,867	-0.2%
Net Income	$26,338	$8,918	+2.0%

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

$291,918

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUZI WIRTZ	Executive Dir.	40.00	Officer	$0	$0	$159,100
BARRY FRANKS	FINANCE DIR.	40.00	Officer	$0	$0	$132,818
Jarrod Scheunemann	CHAIR	2.00	Officer Director	$0	$0	$0
Tim Reinbold	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
Kevin Romeijko	Treasurer	2.00	Officer Director	$0	$0	$0
Mike Kies	Past-Chair	1.00	Director	$0	$0	$0
Bill McAdam	Trustee	1.00	Director	$0	$0	$0
Cameron Bettin	Trustee	1.00	Director	$0	$0	$0
Carlo Capalbo	Trustee	1.00	Director	$0	$0	$0
Michael Selep	Trustee	1.00	Director	$0	$0	$0
Lauren Koszola	Trustee	1.00	Director	$0	$0	$0
Kevin Romejko	Trustee	1.00	Director	$0	$0	$0
Tracey Crawford	Trustee	1.00	Director	$0	$0	$0
Dave Dillon	Trustee	1.00	Director	$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
2024	$61,777	$35,439	$673,173	$26,338
2023	$52,785	$43,867	$623,468	$8,918
2022	$66,591	$41,962	$563,558	$24,629
2021	$59,802	$19,922	$611,543	$39,880
2020	$80,003	$55,766	$573,097	$24,237
2019	$68,878	$17,362	$548,860	$51,516

ILLINOIS PARK AND RECREATION FOUNDATION