ILLINOIS STATE MUSEUM SOCIETY (EIN 376018727) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1952

Legal Domicile

Principal Officer

BRYAN FINN

Phone

2177826092

Tax Period

2023-07-01 to 2024-06-30

ILLINOIS STATE MUSEUM SOCIETY, founded in 1952, is a small nonprofit in the Arts, Culture & Humanities sector that reported $550K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $773K exceeded revenue, resulting in a 40% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO SUPPORT THE EDUCATIONAL AND RESEARCH PROGRAMS OF THE ILLINOIS STATE MUSEUM SYSTEM. IT PROVIDES THE OPPORTUNITY FOR PEOPLE TO DISCOVER AND EXPERIENCE THE MUSEUM'S DYNAMIC OFFERINGS RELATED TO THE NATURAL AND CULTURAL HERITAGE OF ILLINOIS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $423,932

Program Service Revenue $34,902

Investment Income $63,042

Other Revenue $28,045

TOTAL REVENUE $549,921

Expense Breakdown

Grants Paid $0

Salaries & Benefits $454,327

Fundraising Expenses $24,893

Program Expenses $535,854

Other Expenses $318,222

TOTAL EXPENSES $772,549

Year-over-Year Comparison

	2023	2022	Change
Revenue	$549,921	$760,471	-0.3%
Expenses	$772,549	$852,451	-0.1%
Net Income	$-222,628	$-91,980	+1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$91,875

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN FINN	CHAIR	10.00	Officer Director	$0	$0	$0
LISA STEVENSON	TREASURER	10.00	Officer Director	$0	$0	$0
MATT BERRY	VICE CHAIR	10.00	Officer Director	$0	$0	$0
DR LYNN FISHER	SECRETARY	10.00	Officer Director	$0	$0	$0
ERICA AUSTIN	BOARD MEMBER	2.00	Director	$0	$0	$0
JACOB THORNTON	BOARD MEMBER	2.00	Director	$0	$0	$0
AVA CARPENTER-MCPIKE	BOARD MEMBER	2.00	Director	$0	$0	$0
CANDICE TREES	BOARD MEMBER	2.00	Director	$0	$0	$0
AMBER LOZZI	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL WIANT	BOARD MEMBER	2.00	Director	$0	$0	$0
ASHLEY NIPPERT-YOGGERST	BOARD MEMBER	2.00	Director	$0	$0	$0
LAUREN YOGGERST	BOARD MEMBER	2.00	Director	$0	$0	$0
CATHY POPOVITCH	BOARD MEMBER	2.00	Director	$0	$0	$0
JENNIFER EDGINTON	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMILA WICKS	EXECUTIVE DIRECTOR	40.00	Officer	$82,119	$9,756	$91,875

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
2024	$549,921	$772,549	$3,283,102	$-222,628
2023	$760,471	$852,451	$3,345,314	$-91,980
2022	$705,961	$798,481	$3,157,505	$-92,520
2021	$482,996	$642,844	$3,889,913	$-159,848
2020	$902,356	$443,510	$3,447,790	$458,846
2019	$1,047,594	$300,943	$3,194,573	$746,651
2018	$471,233	$336,494	$2,328,004	$134,739

ILLINOIS STATE MUSEUM SOCIETY