THE LINCOLN ACADEMY OF ILLINOIS

EIN: 366127397 501(c)(3) Education

CHAMPAIGN, IL

Total Revenue
$581,534
Total Expenses
$415,290
Total Assets
$1,709,669
Net Assets
$1,709,507
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
IL
Principal Officer
LEANNE BARNHART
Phone
2174930047
Tax Period
2024-01-01 to 2024-12-31

THE LINCOLN ACADEMY OF ILLINOIS, founded in 1965, is a small nonprofit in the Education sector that reported $582K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $166K, a strong 29% operating margin.

Mission

TO HONOR INDIVIDUALS WHOSE CONTRIBUTIONS TO THE BETTERMENT OF MANKIND HAVE BEEN ACCOMPLISHED IN OR ON BEHALF OF THE STATE OF ILLINOIS, OR WHOSE ACHIEVEMENTS HAVE BROUGHT HONOR TO THE STATE BECAUSE OF THEIR IDENTITY WITH IT, WHETHER BY BIRTH OR RESIDENCE, OR BY THEIR DEDICATION TO THOSE PRINCIPLES OF DEMOCRACY AND HUMANITY AS EXEMPLIFIED BY ABRAHAM LINCOLN.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $427,081
Program Service Revenue $117,744
Investment Income $34,743
Other Revenue $1,966
TOTAL REVENUE $581,534

Expense Breakdown

Grants Paid $50,000
Salaries & Benefits $85,805
Fundraising Expenses $0
Program Expenses $263,863
Other Expenses $279,485
TOTAL EXPENSES $415,290

Year-over-Year Comparison

2024 2023 Change
Revenue $581,534 $379,176 +0.5%
Expenses $415,290 $392,043 +0.1%
Net Income $166,244 $-12,867 -13.9%
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

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Governance

Voting Members
52
Independent Members
52
Employees
2
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
6
$65,000
Total Directors
53
$65,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GOVERNOR JB PRITZKER PRESIDENT 1.00
Officer Director
$0 $0 $0
THE HONORABLE RONALD DEAN SPEARS CHANCELLOR 1.00
Officer Director
$0 $0 $0
TODD SHAPIRO VICE-CHANCELLOR 1.00
Officer Director
$0 $0 $0
GRAHAM C GRADY TREASURER 1.00
Officer Director
$0 $0 $0
MARGARET A CLINE CFA CFP SECRETARY 1.00
Officer Director
$0 $0 $0
LEANNE BARNHART EXECUTIVE DIRECTOR 20.00
Officer Director
$65,000 $0 $65,000
FRANK CLARK REGENT 1.00
Director
$0 $0 $0
JANE DENES REGENT 1.00
Director
$0 $0 $0
GEORGE J DOHRMANN MD PHD REGENT 1.00
Director
$0 $0 $0
ETHEL HOLLADAY REGENT 1.00
Director
$0 $0 $0
HOWARD A LEARNER REGENT 1.00
Director
$0 $0 $0
DENNIS LYLE REGENT 1.00
Director
$0 $0 $0
STEPHANIE PACE MARSHALL PHD REGENT 1.00
Director
$0 $0 $0
LESTER MCKEEVER REGENT 1.00
Director
$0 $0 $0
HAROLD B OAKLEY REGENT 1.00
Director
$0 $0 $0
ALEXANDRA RANSBURG REGENT 1.00
Director
$0 $0 $0
MARC S SCHULMAN REGENT 1.00
Director
$0 $0 $0
DOUG STEWART REGENT 1.00
Director
$0 $0 $0
ERIC TRIMBLE REGENT 1.00
Director
$0 $0 $0
PAT BASU TRUSTEE 1.00
Director
$0 $0 $0
JOY BORUFF TRUSTEE 1.00
Director
$0 $0 $0
JERRY BROOKHART TRUSTEE 1.00
Director
$0 $0 $0
CARALYNN NOWINSKI COLLENS MD TRUSTEE 1.00
Director
$0 $0 $0
ROBERT EASTER TRUSTEE 1.00
Director
$0 $0 $0
JOHN FREITAG TRUSTEE 1.00
Director
$0 $0 $0
LARRY JONES TRUSTEE 1.00
Director
$0 $0 $0
JULIE KELLNER TRUSTEE 1.00
Director
$0 $0 $0
CLAIRE A MANNING TRUSTEE 1.00
Director
$0 $0 $0
DELMER R MITCHELL TRUSTEE 1.00
Director
$0 $0 $0
LUCY MOOG TRUSTEE 1.00
Director
$0 $0 $0
JOHN MORRIS TRUSTEE 1.00
Director
$0 $0 $0
JOE POWER TRUSTEE 1.00
Director
$0 $0 $0
RONALD RABJOHNS MD TRUSTEE 1.00
Director
$0 $0 $0
SHIRLEY W RYAN TRUSTEE 1.00
Director
$0 $0 $0
LINDA SCHIELKE EDD TRUSTEE 1.00
Director
$0 $0 $0
SMITA SHAH PE LEED AP BDC TRUSTEE 1.00
Director
$0 $0 $0
MARK SLABY TRUSTEE 1.00
Director
$0 $0 $0
SCOTT C SULLIVAN TRUSTEE 1.00
Director
$0 $0 $0
DON TRACY TRUSTEE 1.00
Director
$0 $0 $0
AMY TRIMBLE TRUSTEE 1.00
Director
$0 $0 $0
DIA WEIL TRUSTEE 1.00
Director
$0 $0 $0
DANA WITHERS TRUSTEE 1.00
Director
$0 $0 $0
JULIE JORDAN GUNN RECTOR 1.00
Director
$0 $0 $0
DAN KELLEY RECTOR 1.00
Director
$0 $0 $0
MICHELLE COLLINS RECTOR 1.00
Director
$0 $0 $0
LARRY DIETZ RECTOR 1.00
Director
$0 $0 $0
ANNE BURKE RECTOR 1.00
Director
$0 $0 $0
JORGE RAMIREZ RECTOR 1.00
Director
$0 $0 $0
HELEN MORRISON RECTOR 1.00
Director
$0 $0 $0
RIC ESTRADA RECTOR 1.00
Director
$0 $0 $0
RYNE SANDBERG RECTOR 1.00
Director
$0 $0 $0
MARIA DEL SOCORRO PESQUEIRA TRUSTEE 1.00
Director
$0 $0 $0
MARLENE DIETZ REGENT 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 $581,534 $415,290 $1,709,669 $166,244
2023 $379,176 $392,043 $1,476,860 $-12,867
2022 $361,538 $230,297 $1,398,193 $131,241
2021 $413,240 $323,618 $1,460,174 $89,622
2020 $307,976 $171,886 $1,258,984 $136,090
2019 $401,949 $305,331 $1,019,640 $96,618
2018 $623,408 $400,466 $811,679 $222,942
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