Illinois Retired Teachers Association Foundation Inc

EIN: 371183315 501(c)(3)

Springfield, IL

Total Revenue
$447,261
Total Expenses
$395,214
Total Assets
$2,740,684
Net Assets
$2,428,832
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
IL
Principal Officer
Jessica Newbold Hoselton
Phone
2175238488
Tax Period
2024-01-01 to 2024-12-31

Illinois Retired Teachers Association Foundation Inc, founded in 1985, is a small nonprofit that reported $447K in total revenue in fiscal year 2024. Expenses of $395K left a modest 12% surplus.

Mission

Serving the needs of people through leadership development, growth in self, and service to all mankind.

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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 $300,656
Program Service Revenue $0
Investment Income $71,575
Other Revenue $75,030
TOTAL REVENUE $447,261

Expense Breakdown

Grants Paid $152,983
Salaries & Benefits $0
Fundraising Expenses $71,241
Program Expenses $222,185
Other Expenses $242,231
TOTAL EXPENSES $395,214

Year-over-Year Comparison

2024 2023 Change
Revenue $447,261 $460,751 0.0%
Expenses $395,214 $399,247 0.0%
Net Income $52,047 $61,504 -0.2%
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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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
17

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
7
$324,039
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William Funkhouser Past Chair 1.00
Officer Director
$0 $0 $0
Don Ostrom Treasurer 1.00
Officer Director
$0 $0 $0
LaVonne Chaney Secretary 1.00
Officer Director
$0 $0 $0
Jo Anne Nelson Board Member 1.00
Director
$0 $0 $0
Caryn Graham Board Member 1.00
Director
$0 $0 $0
James Barr Board Member 1.00
Director
$0 $0 $0
Linda Nott Board Member 1.00
Director
$0 $0 $0
Susan Greene Board Member 1.00
Director
$0 $0 $0
Beatrice Ann Johnson Board Member 1.00
Director
$0 $0 $0
Marjorie Sucansky Board Member 1.00
Director
$0 $0 $0
Wendy Wiegers Board Member 1.00
Director
$0 $0 $0
Sharon W Urban Board Member 1.00
Director
$0 $0 $0
Lanny Smith Vice Chair 1.00
Officer Director
$0 $0 $0
Mike Schmidt Chair 1.00
Officer Director
$0 $0 $0
Rainy Kaplan Board Member 1.00
Director
$0 $0 $0
Mary May Board Member 1.00
Director
$0 $0 $0
Deloris Turner Board Member 1.00
Director
$0 $0 $0
Erica Pinkley Comptroller 1.00
Officer
$0 $18,947 $113,660
Jessica Newbold Hoselton Executive Director 1.00
Officer
$0 $37,343 $210,379
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 $447,261 $395,214 $2,740,684 $52,047
2023 $460,751 $399,247 $2,775,418 $61,504
2022 $891,648 $522,469 $2,815,539 $369,179
2021 $560,020 $379,562 $2,518,839 $180,458
2020 $482,443 $356,800 $2,324,154 $125,643
2019 $413,743 $370,740 $2,275,445 $43,003
2018 $431,410 $382,227 $2,326,109 $49,183
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