ILLINOIS CENTRAL COLLEGE FOUNDATION (EIN 371207827) - 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

1988

Legal Domicile

Principal Officer

MIKE UNES

Phone

3096945337

Tax Period

2024-07-01 to 2025-06-30

ILLINOIS CENTRAL COLLEGE FOUNDATION, founded in 1988, is a community nonprofit that reported $6.1M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 25% operating margin.

Mission

RAISE FUNDS TO SUPPORT THE EDUCATIONAL, CHARITABLE AND BENEVOLENT PURPOSE OF ILLINOIS CENTRAL COLLEGE DISTRICT #514.

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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 $2,324,860

Program Service Revenue $1,753,092

Investment Income $1,895,889

Other Revenue $159,332

TOTAL REVENUE $6,133,173

Expense Breakdown

Grants Paid $846,951

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,603,286

Other Expenses $3,756,335

TOTAL EXPENSES $4,603,286

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,133,173	$4,954,360	+0.2%
Expenses	$4,603,286	$4,360,679	+0.1%
Net Income	$1,529,887	$593,681	+1.6%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$900,724

Total Directors

$283,972

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED BARRY JR	BOARD MEMBER (FROM 03/25)	1.00	Director	$0	$0	$0
TAMMIE FLETCHER	BOARD MEMBER (FROM 11/24)	1.00	Director	$0	$0	$0
CARISSA ISBELL	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN JOHNSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JULIA M ISSA-GHANTOUS	BOARD MEMBER	1.00	Director	$0	$0	$0
AARON KILGORE	PRESIDENT	1.00	Officer Director	$0	$0	$0
MATTHEW KURTH	TREASURER	1.00	Officer Director	$0	$0	$0
NICK LAVIN	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY MA	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
MELISSA SAGE-BOLLENBACH	BOARD MEMBER (FROM 10/24)	1.00	Director	$0	$0	$0
DR KEILA SIERRA	BOARD MEMBER (FROM 11/24)	1.00	Director	$0	$0	$0
HANK STICKELMAIER	BOARD MEMBER (FROM 01/25)	1.00	Director	$0	$0	$0
TOBIN TAYLOR	BOARD MEMBER (FROM 01/25)	1.00	Director	$0	$0	$0
CEDRIC VOLKMER	SECRETARY	1.00	Officer Director	$0	$0	$0
TINA WALTON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID ZERN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGIE OSTASZEWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUCE BUDDE	CHIEF FINANCIAL OFFICER	4.00	Officer Director	$0	$26,711	$283,972
DIANE LAMB	BOARD MEMBER (THRU 04/25)	1.00	Director	$0	$0	$0
GEORGE GHAREEB	BOARD MEMBER	1.00	Director	$0	$0	$0
CRAIG HABEGER	BOARD MEMBER (THRU 08/24)	1.00	Director	$0	$0	$0
DR SHEILA QUIRK-BAILEY	PRESIDENT - ICC	2.00	Officer	$0	$35,997	$355,099
STEPHANIE HOLMES	EXECUTIVE DIRECTOR	40.00	Officer	$0	$18,746	$115,590
MIKE UNES	VP OF INSTITUTIONAL ADVANCEMENT	40.00	Officer	$0	$12,204	$146,063

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	$6,133,173	$4,603,286	$45,269,321	$1,529,887
2024	$4,954,360	$4,360,679	$41,793,754	$593,681
2023	$3,714,382	$3,988,916	$38,398,159	$-274,534
2022	$5,075,188	$2,967,984	$36,893,263	$2,107,204
2021	$5,106,995	$2,578,873	$40,925,937	$2,528,122
2020	$3,364,836	$2,830,699	$34,507,206	$534,137
2019	$3,567,482	$2,881,454	$33,962,855	$686,028
2018	$3,016,554	$2,970,215	$32,343,230	$46,339

ILLINOIS CENTRAL COLLEGE FOUNDATION