NORTHERN ILLINOIS UNIVERSITY FOUNDATION (EIN 366086819) - 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

1949

Legal Domicile

Principal Officer

MICHAEL DAIGLER

Phone

8157530282

Tax Period

2024-07-01 to 2025-06-30

NORTHERN ILLINOIS UNIVERSITY FOUNDATION, founded in 1949, is a mid-sized nonprofit in the Education sector that reported $60.3M in total revenue in fiscal year 2024. Revenue surged 214% from the prior year, signaling strong growth momentum. The organization ran a surplus of $41.7M, a strong 69% operating margin.

Mission

TO SECURE AND MANAGE PRIVATE SUPPORT TO BENEFIT 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 (2024)

Revenue Breakdown

Contributions & Grants $50,144,834

Program Service Revenue $1,424,365

Investment Income $8,452,734

Other Revenue $284,633

TOTAL REVENUE $60,306,566

Expense Breakdown

Grants Paid $11,611,951

Salaries & Benefits $0

Fundraising Expenses $2,904,065

Program Expenses $13,262,209

Other Expenses $7,032,277

TOTAL EXPENSES $18,644,228

Year-over-Year Comparison

	2024	2023	Change
Revenue	$60,306,566	$19,215,396	+2.1%
Expenses	$18,644,228	$15,873,607	+0.2%
Net Income	$41,662,338	$3,341,789	+11.5%

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

1670

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

$939,712

Total Directors

Key Employees

$1,249,035

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN TIERNEY	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
MIKE PAULL	TREASURER	2.00	Officer Director	$0	$0	$0
WHEELER COLEMAN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CYNTHIA CROCKER	DIRECTOR	1.00	Director	$0	$0	$0
STACEY BARSEMA	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM BOSTON	DIRECTOR	1.00	Director	$0	$0	$0
BRENT BRODESKI	DIRECTOR	1.00	Director	$0	$0	$0
CAROL CRENSHAW	DIRECTOR	1.00	Director	$0	$0	$0
JOHN THOMAS FUTRELL	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY KAMBICH	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY LIESENDAHL	DIRECTOR	1.00	Director	$0	$0	$0
JAMES PICK	DIRECTOR	1.00	Director	$0	$0	$0
MANNY SANCHEZ	DIRECTOR	1.00	Director	$0	$0	$0
RICH ESCALANTE	DIRECTOR	1.00	Director	$0	$0	$0
PETE GARRITY	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH SENER	DIRECTOR	1.00	Director	$0	$0	$0
RAY BANKS	DIRECTOR	1.00	Director	$0	$0	$0
CHERILYN MURER	DIRECTOR	1.00	Director	$0	$0	$0
BECCA KATZ	STUDENT DIRECTOR	1.00	Director	$0	$0	$0
JC LABARBERA	STUDENT DIRECTOR	1.00	Director	$0	$0	$0
LEANNE MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
HARLAN TELLER	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN DRAKE	DIRECTOR	1.00	Director	$0	$0	$0
KEN QUINN	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN HAMBLOCK	DIRECTOR	1.00	Director	$0	$0	$0
FRANK CLARK	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH MANIOLA	DIRECTOR	1.00	Director	$0	$0	$0
MARTY JOHNSTON	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS COLE	DIRECTOR - THRU 6/30/25	1.00	Director	$0	$0	$0
CATHERINE SQUIRES	PRESIDENT/CEO, SECRETARY-THRU 6/30/25	40.00	Officer	$0	$45,100	$362,060
KYM KOWALSKI	CONTROLLER & SR. DIR. OF FINANCE	40.00	Officer	$0	$42,216	$217,435
JEAN GODLEWSKI	DIR. OF FINANCE & STRATEGIC INIT	40.00	Officer	$0	$39,353	$190,787
KATE QUINN	DIR. OF BOARD RELATIONS	40.00	Officer	$0	$36,211	$169,430
MICHAEL J DAIGLER	AVP, COO	40.00	Key Emp	$0	$60,981	$278,148
RAYMOND JACKSON	AVP, CDO	40.00	Key Emp	$0	$44,702	$255,642
LUKE SEBBY	EXEC. DIR., STRATEGIC DEVELOPMENT	40.00	Key Emp	$0	$44,352	$244,474
PHILIP ZEPEDA	EXEC. DIR., CAMPAIGN, COMM, & STRAT	40.00	Key Emp	$0	$51,050	$243,900
REYNALDO BUSTINZA	EXEC. DIR., ALUMNI ENGAGEMENT	40.00	Key Emp	$0	$34,659	$226,871
ERIN EILEEN SULLIVAN SMITH	SR. DIR. OF CORP & FND RELATIONS	40.00	Highest	$0	$50,137	$183,356
SCOTT GLUCK	SR. DIR. OF ADVANCEMENT	40.00	Highest	$0	$46,075	$183,290
MICHAEL C ADZOVIC	SR. DIR. OPS & ANNUAL GIVING	40.00	Highest	$0	$48,572	$181,990
STEVEN SLOCUM	SR. DIR. OF PLANNED GIVING	40.00	Highest	$0	$26,439	$159,658
LAURA KNIGHT	SR. DIR. OF ADVANCEMENT	40.00	Highest	$0	$16,545	$153,760

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	$60,306,566	$18,644,228	$235,186,416	$41,662,338
2024	$19,215,396	$15,873,607	$183,520,460	$3,341,789
2023	$24,268,397	$13,136,031	$184,924,291	$11,132,366
2022	$31,131,654	$11,027,067	$169,106,712	$20,104,587
2021	$19,769,016	$9,316,147	$170,425,866	$10,452,869
2020	$10,332,980	$10,689,418	$134,656,377	$-356,438
2019	$16,025,353	$11,579,537	$141,798,102	$4,445,816
2018	$15,753,954	$11,420,363	$139,264,087	$4,333,591

NORTHERN ILLINOIS UNIVERSITY FOUNDATION