ILLINOIS PRESS FOUNDATION INC

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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

1982

Legal Domicile

Principal Officer

JERRY REPPERT

Phone

2172411300

Tax Period

2025-01-01 to 2025-12-31

ILLINOIS PRESS FOUNDATION INC, founded in 1982, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROMOTE AND PROTECT FREE EXPRESSION THROUGH EDUCATIONAL ACTIVITIES THAT FOSTER THE PRACTICE AND RESPECT OF FIRST AMENDMENT PRINCIPLES AND VALUES, TO ENHANCE THE QUALITY OF SERVICES PROVIDED BY NEWSPAPERS TO THEIR COMMUNITIES, AND TO SUPPORT READING AND LITERACY EFFORTS.

Program Service Accomplishments

Program 1

Expenses: $1,173,903

CAPITOL NEWS ILLINOIS - THE MISSION OF CAPITOL NEWS ILLINOIS PROGRAM IS TO PROVIDE CREDIBLE AND UNBIASED COVERAGE OF STATE GOVERNMENT. CAPITOL NEWS ILLINOIS PROVIDES YEAR-ROUND, DAILY COVERAGE OF THE LEGISLATURE, INCLUDING COMMITTEE HEARINGS; STATE AGENCIES AND ISSUES; STATE OFFICE HOLDERS; AND THE ILLINOIS SUPREME COURT AND LEGAL MATTERS.

Program 2

Expenses: $211,012 Revenue: $26,633

PROMOTION OF JOURNALISM, EDUCATION & LITERACY: THE FOUNDATION IS INVOLVED IN THE PROMOTION AND WELFARE OF JOURNALISM. TO ACHIEVE THIS, THE FOUNDATION HOLDS MEETINGS AND SEMINARS FOR ITS MEMBERS...

PROMOTION OF JOURNALISM, EDUCATION & LITERACY: THE FOUNDATION IS INVOLVED IN THE PROMOTION AND WELFARE OF JOURNALISM. TO ACHIEVE THIS, THE FOUNDATION HOLDS MEETINGS AND SEMINARS FOR ITS MEMBERS, SPONSORS EDUCATIONAL TRAINING AND MENTORING FOR COLLEGE STUDENTS AND PROFESSORS, PROVIDES GRANTS FOR HIGH SCHOOL JOURNALISM PROGRAMS, AND OFFERS COLLEGE SCHOLARSHIPS.

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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 $1,347,425

Program Service Revenue $26,633

Investment Income $54,430

Other Revenue $10,453

TOTAL REVENUE $1,438,941

Expense Breakdown

Grants Paid $54,153

Salaries & Benefits $1,108,996

Fundraising Expenses $164,042

Program Expenses $1,384,915

Other Expenses $482,623

TOTAL EXPENSES $1,645,772

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,438,941	$1,541,436	-0.1%
Expenses	$1,645,772	$1,501,348	+0.1%
Net Income	$-206,831	$40,088	-6.2%

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

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

$113,172

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY REPPERT	PRESIDENT	3.00	Officer Director	$0	$0	$0
JIM SLONOFF	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
KATHY FARREN	TREASURER(START 1/1/2025)	3.00	Officer Director	$0	$0	$0
CHARLES WHEELER	SECRETARY	3.00	Officer Director	$0	$0	$0
SAM FISHER	DIRECTOR	1.00	Director	$0	$0	$0
JULIE BOREN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GALER	DIRECTOR	1.00	Director	$0	$0	$0
LINDA JONES	DIRECTOR	1.00	Director	$0	$0	$0
DOUG RAY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DAVID REED	DIRECTOR (END 12/04/2025)	1.00	Director	$0	$0	$0
DR PEGGY BRADFORD	DIRECTOR	1.00	Director	$0	$0	$0
JIM SHRADER	DIRECTOR	1.00	Director	$0	$0	$0
WENDY MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
RON WALLACE	DIRECTOR (END 05/22/2025)	1.00	Director	$0	$0	$0
DR LORETTA MEEKS	DIRECTOR	1.00	Director	$0	$0	$0
JASON PISCIA	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SPIKES	DIRECTOR	1.00	Director	$0	$0	$0
JEFF ROGERS	EXECUTIVE DIRECTOR	40.00	Officer	$92,168	$21,004	$113,172

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	$1,438,941	$1,645,772	$2,283,199	$-206,831
2024	No data	No data	No data	No data
2023	$1,030,144	$1,010,118	$2,422,544	$20,026
2022	$489,350	$560,727	$1,569,701	$-71,377
2021	$519,118	$451,873	$1,805,198	$67,245
2020	$453,257	$437,692	$1,939,900	$15,565
2019	$331,780	$450,755	$1,864,509	$-118,975
2018	$405,412	$335,514	$1,883,252	$69,898