Educational and Scientific Foundation of the Illinois State Medical Society (EIN 366078979) - 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

1961

Legal Domicile

Phone

3127821654

Tax Period

2023-01-01 to 2023-12-31

Educational and Scientific Foundation of the Illinois State Medical Society, founded in 1961, is a small nonprofit that reported $115K in total revenue in fiscal year 2023. Revenue surged 143% from the prior year, signaling strong growth momentum. The organization ran a surplus of $38K, a strong 33% operating margin.

Mission

TO PROMOTE EDUCATIONAL, SCIENTIFIC, CHARITABLE, AND BENEVOLENT INTERESTS IN ILLINOIS. THE BOARD PERIODICALLY ESTABLISHES PROJECTS FOR ADMINISTRATIVE PURPOSES IN ACCOMPLISHING THE FOUNDATION OBJECTIVES.

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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 $60,840

Program Service Revenue $0

Investment Income $53,705

Other Revenue $0

TOTAL REVENUE $114,545

Expense Breakdown

Grants Paid $43,146

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $43,146

Other Expenses $33,199

TOTAL EXPENSES $76,345

Year-over-Year Comparison

	2023	2022	Change
Revenue	$114,545	$47,144	+1.4%
Expenses	$76,345	$75,185	+0.0%
Net Income	$38,200	$-28,041	-2.4%

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

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

$342,375

Total Directors

$146,761

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CHAIR	0.3	Officer Director	$0	$0	$63,679
N/A	Trustee (Term End 04/19/23)	0.3	Director	$0	$0	$0
N/A	TRUSTEE	0.3	Director	$0	$0	$0
N/A	Trustee	0.3	Director	$0	$0	$6,510
N/A	TRUSTEE	0.3	Director	$0	$0	$76,572
N/A	COO	0.3	Officer	$0	$0	$199,305
N/A	CFO	0.3	Officer	$0	$0	$79,391

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	No data	No data	No data	No data
2023	$114,545	$76,345	$2,298,972	$38,200
2022	$47,144	$75,185	$2,103,658	$-28,041
2021	$652,981	$54,715	$2,232,227	$598,266
2020	$103,243	$44,701	$1,220,425	$58,542

Educational and Scientific Foundation of the Illinois State Medical Society