ILLINOIS PRINCIPALS FOUNDATION

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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

1998

Legal Domicile

Principal Officer

Jason Leahy

Phone

2175251383

Tax Period

2020-07-01 to 2021-06-30

ILLINOIS PRINCIPALS FOUNDATION, founded in 1998, is a small nonprofit in the Human Services sector that reported $281K in total revenue in fiscal year 2020. Revenue surged 637% from the prior year, signaling strong growth momentum. The organization ran a surplus of $217K, a strong 77% operating margin.

Mission

Provide scholarships to school administrators for professional development and provide financial support and sponsorships for educational conferences and events.

Program Service Accomplishments

Program 1

Expenses: $55,000 Revenue: $0

Sponsorship of Illinois Principals Association Professional Conference.

Program 2

Expenses: $3,000 Revenue: $0

John Ourth scholarship for school principal to attend professional development.

Program 3

Expenses: $3,456 Revenue: $0

Provide support to WWII veterans' project. This project preserves the history of WWII and provides educational programming.

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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 (2020)

Revenue Breakdown

Contributions & Grants $280,711

Program Service Revenue $0

Investment Income $478

Other Revenue $0

TOTAL REVENUE $281,189

Expense Breakdown

Grants Paid $61,456

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $63,706

Other Expenses $764

TOTAL EXPENSES $64,470

Year-over-Year Comparison

	2020	2019	Change
Revenue	$281,189	$38,131	+6.4%
Expenses	$64,470	$61,109	+0.1%
Net Income	$216,719	$-22,978	-10.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jason Leahy	Officer	2.00	Officer	$0	$0	$0
Craig Beals	Officer	1.00	Officer	$0	$0	$0
Mark Zotz	Officer	1.00	Officer	$0	$0	$0
Theresa Martin	Officer	1.00	Officer	$0	$0	$0
Travis Wyatt	Officer	1.00	Officer	$0	$0	$0
Hattie Llewellyn	Officer	1.00	Officer	$0	$0	$0
Gary Brauns	Officer	1.00	Officer	$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
2025	No data	No data	No data	No data
2021	$281,189	$64,470	$290,773	$216,719