Springfield College in Illinois

EIN: 370663573 501(c)(3)

Springfield, IL

Total Revenue
$-76,541
Total Expenses
$67,095
Total Assets
N/A
Net Assets
N/A
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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
1929
Legal Domicile
IL
Phone
2175251420
Tax Period
2022-06-01 to 2023-05-31

Springfield College in Illinois, founded in 1929, is a micro nonprofit that reported $77K in total revenue in fiscal year 2022.

Mission

Prior to May 2018 the college's mission was to PROVIDE STUDENTS THE BEST LIBERAL ARTS EDUCATION IN THE URSULINE TRADITION OF A NURTURING FAITH-BASED ENVIRONMENT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $24,000
Investment Income $-100,541
Other Revenue $0
TOTAL REVENUE $-76,541

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $65,930
Other Expenses $67,095
TOTAL EXPENSES $67,095

Year-over-Year Comparison

2022 2021 Change
Revenue $-76,541 $-125,000 -0.4%
Expenses $67,095 $255,899 -0.7%
Net Income $-143,636 $-380,899 -0.6%
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
4
Independent Members
2
Employees
N/A
Volunteers
2

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
4
$605,097
Total Directors
4
$605,097
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A President 1.0
Officer Director
$0 $2,137 $464,421
N/A Chairman 2.0
Officer Director
$0 $0 $0
N/A Vice-Chair 1.0
Officer Director
$0 $0 $0
N/A Interim CFO 1.0
Officer Director
$0 $1,438 $140,676
N/A Interim CFO until 5/31/2021 0.0
$0 $19,563 $140,885
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
2023 $-76,541 $67,095 No data $-143,636
2022 $-125,000 $255,899 $615,273 $-380,899
2021 $350,000 $362,384 $1,129,617 $-12,384
2020 $350,000 $381,048 $1,773,171 $-31,048
2019 $2,059,730 $373,626 $2,468,434 $1,686,104
2018 $655,033 $698,110 $4,177,841 $-43,077
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