MARAJEN STEVICK 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

2000

Legal Domicile

Principal Officer

JOHN HECKER

Phone

2173591765

Tax Period

2022-01-01 to 2022-08-31

Mission

THE PURPOSE OF THE MARAJEN STEVICK FOUNDATION IS TO AID IN ENHANCING THE QUALITY OF LIFE OF THE CITIZENS OF CHAMPAIGN-URBANA AND EAST CENTRAL ILLINOIS BY: 1) PROVIDING CONSISTENT LONG-TERM FINANCIAL SUPPORT TO STEVICK SUPPORTED ORGANIZATIONS. 2) ENCOURAGING AND ASSISTING THE FOUNDATION'S MAJOR ASSETS TO ACT AS CATALYSTS AND LEADERS IN THE COMMUNITY. THE FOUNDATION IS GUIDED BY MARAJEN STEVICK'S PREFERENCES AS TO CATEGORIES OF FUNDING THROUGH ITS SUPPORTED ORGANIZATIONS, INCLUDING BUT NOT LIMITED TO THE FOLLOWING: ENHANCEMENT OF THE QUALITY OF LIFE OF ELDER CITIZENS; THE HUMANE TREATMENT OF ANIMALS AND THEIR CO-EXISTENCE WITH HUMANS; READING AND WRITING PROGRAMS AT ALL LEVELS OF EDUCATION; THE ADVANCEMENT OF JOURNALISM AT THE UNIVERSITY OF ILLINOIS; AND THE AESTHETIC ENHANCEMENT OF THE PHYSICAL ENVIRONMENT OF THE CHAMPAIGN-URBANA AND SURROUNDING COMMUNITIES. MARAJEN STEVICK OWNED 100%, THE NEWS-GAZETTE, WHICH RAN RADIO STATIONS AND A NEWSPAPER THAT WAS ORIGINALLY STARTED BY MARAJEN STEVICK'S PARENTS, WHO WERE ACTIVE VOICES IN THE LOCAL COMMUNITIES AND PROMOTED CIVIC CAUSES FOR THE GOOD OF THE COMMUNITIES. AFTER HER PARENTS' DEATHS, MARAJEN STEVICK OPERATED THE BUSINESSES AND CONTINUED HER PARENTS' DREAMS AND ROLES. TO PERPETUATE THOSE DREAMS, SHE CREATED A PRIVATE FOUNDATION, WHICH HAS SINCE BEEN CONVERTED TO THIS SUPPORTING ORGANIZATION, TO OPERATE THE NEWSPAPER AND RADIO STATIONS AS COMMUNITY-BASED COMMUNICATION VEHICLES TO BE USED FOR THE BENEFIT OF THE CHAMPAIGN-URBANA AND SURROUNDING COMMUNITIES. THE FOUNDATION'S PRIMARY ASSET HAS CONSISTED OF A 100% INTEREST IN CLOSELY-HELD STOCK OF THE NEWS-GAZETTE, INC., A NEWSPAPER THROUGH 2020. OVER THE COURSE OF THE LAST TWO DECADES PRINT MEDIA INDUSTRY HAS SUBSTANTIALLY CONTRACTED. AS A RESULT, THE UNDERLYING CORPORATION, THE NEWS-GAZETTE, FILED A PLAN OF LIQUIDATION WHICH WAS SUBSEQUENTLY CONFIRMED BY A COURT ON SEPTEMBER 30, 2020. MARAJEN STEVICK FOUNDATION DID NOT RECEIVE PROCEEDS FROM THE LIQUIDATION AND THE INTEREST IN THE CLOSELY-HELD STOCK WAS WRITTEN OFF DURING 2020. MARAJEN STEVICK FOUNDATION DISSOLVED AS OF AUGUST 31, 2022. A FINAL DISTRIBUTION OF ITS REMAINING CASH ON HAND AFTER CURRENT YEAR ACTIVITY AND POST SATISFYING ANY LIABILITIES WAS COMPLETED ON JULY 6, 2023 TO THE COMMUNITY FOUNDATION OF EAST CENTRAL ILLINOIS, A PUBLIC CHARITY AND THE FOUNDATION'S SUPPORTED ORGANIZATION.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

TO SUPPORT THE ACTIVITIES OF THE UNIVERSITY OF ILLINOIS FOUNDATION.

Program 2

Expenses: $198,760 Revenue: $0

TO SUPPORT THE ACTIVITIES OF THE COMMUNITY FOUNDATION OF EAST CENTRAL ILLINOIS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $198,760

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $198,760

Other Expenses $6,795

TOTAL EXPENSES $205,555

Year-over-Year Comparison

	2022	2021	Change
Revenue	N/A	N/A	N/A
Expenses	$205,555	$3,255	+62.2%
Net Income	N/A	$-3,255	N/A

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

N/A

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
JOHN HECKER	PRESIDENT	4.00	Officer Director	$0	$0	$0
MARTY SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
KIP POPE	SECRETARY	1.00	Officer Director	$0	$0	$0
GREG COZAD	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE SHAPLAND	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT EASTER	DIRECTOR	1.00	Director	$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
2022	No data	$205,555	No data	No data
2021	No data	$3,255	$205,555	No data
2020	$448	$3,715	$208,810	$-3,267
2019	$553	$60,035	$30,070,777	$-59,482
2018	$105,166	$107,940	$30,130,259	$-2,774