ILLINOIS LADY LIGHTNING (EIN 364476906) - 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

MICHAEL SEBERGER

Phone

8476502682

Tax Period

2025-01-01 to 2025-12-31

ILLINOIS LADY LIGHTNING, founded in 2001, is a small nonprofit in the Recreation & Sports sector that reported $239K in total revenue in fiscal year 2025. Revenue decreased 12% compared to the prior year. Expenses of $223K left a modest 7% surplus.

Mission

TO UNTILIZE BASKETBALL AS A UNIQUE AND GROWING OPPERTUNITY FOR FEMALE STUDENT ATHLETES. WE WILL PROVIDE EACH PLAYER WITH AN OPPERTUNITY TO DEVELOP THEIR BASKETBALL SKILLS AND PROMOTE SPORTSMANSHIP, FOSTER GOOD CHARACTER AND TEACH POSITIVE LIFE SKILLS THAT WILL HELP THEM BECOME PERSONALLY SUCCESSFUL AND SOCIALLY RESPONSIBLE, PLAYER DEVELOPMENT WILL BE ACCOMPLISHED BY PRACTICE SESSIONS, SCHEDULING OF TOURNAMENTS AND GAMES AGAINST THE HIGHEST LEVEL OF COMPETITION. ALL COACHES WILL SHARE COMMON BELIEFS ABOUT COACHING OF FUNDAMENTAL CONCEPTS THEREFORE PROVIDING A PROPER LEARNING ENVIORMENT

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $238,981

Investment Income $0

Other Revenue $0

TOTAL REVENUE $238,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $217,319

Other Expenses $223,320

TOTAL EXPENSES $223,320

Year-over-Year Comparison

	2025	2024	Change
Revenue	$238,981	$270,144	-0.1%
Expenses	$223,320	$314,529	-0.3%
Net Income	$15,661	$-44,385	-1.4%

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
JEFF BARNBULE	DIRECTOR	N/A	Officer	$0	$0	$0
JASON NICHOLS	DIRECTOR	N/A	Officer	$0	$0	$0
JOHN RUTTER	DIRECTOR	N/A	Officer	$0	$0	$0
MELESIO SALAZAR	DIRECTOR	N/A	Officer	$0	$0	$0
GINA SEBERGER	TREASUER	N/A	Officer	$0	$0	$0
MICHAEL SEBERGER	PRESIDENT	N/A	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	$238,981	$223,320	$38,693	$15,661
2024	$270,144	$314,529	$23,032	$-44,385
2023	$297,911	$272,537	$67,417	$25,374
2022	$297,441	$285,953	$42,043	$11,488
2021	$256,437	$284,583	$30,555	$-28,146
2020	$243,424	$198,507	$58,701	$44,917

ILLINOIS LADY LIGHTNING