ILLINOIS STATE UNIVERSITY FOUNDATI… - Form 990 Financial Data

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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

1948

Legal Domicile

Principal Officer

PAT VICKERMAN

Phone

3094388901

Tax Period

2024-07-01 to 2025-06-30

ILLINOIS STATE UNIVERSITY FOUNDATION, founded in 1948, is a mid-sized nonprofit in the Education sector that reported $43.1M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $8.5M, a strong 20% operating margin.

Mission

TO ELEVATE ILLINOIS STATE UNIVERSITY THROUGH THE POWER OF PHILANTHROPY.

Program Service Accomplishments

Program 1

Expenses: $31,180,475 Revenue: $2,863,238

ASSIST IN DEVELOPING AND INCREASING EDUCATION OPPORTUNITIES AND THE FACILITIES OF THE UNIVERSITY FOR SERVICE TO ITS STUDENTS, ALUMNI, AND CITIZENS OF THE STATE AND NATION BY ENCOURAGING GIFTS OF...

ASSIST IN DEVELOPING AND INCREASING EDUCATION OPPORTUNITIES AND THE FACILITIES OF THE UNIVERSITY FOR SERVICE TO ITS STUDENTS, ALUMNI, AND CITIZENS OF THE STATE AND NATION BY ENCOURAGING GIFTS OF MONEY AND PROPERTY; ACT AS TRUSTEE OF EDUCATIONAL OR CHARITABLE TRUSTS; ADMINISTER GIFTS, GRANTS, OR LOANS OF MONEY OR PROPERTY.

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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 $34,129,199

Program Service Revenue $2,788,238

Investment Income $5,611,418

Other Revenue $536,300

TOTAL REVENUE $43,065,155

Expense Breakdown

Grants Paid $21,181,858

Salaries & Benefits $2,721,698

Fundraising Expenses $935,005

Program Expenses $31,180,475

Other Expenses $10,652,247

TOTAL EXPENSES $34,555,803

Year-over-Year Comparison

	2024	2023	Change
Revenue	$43,065,155	$36,647,289	+0.2%
Expenses	$34,555,803	$27,994,470	+0.2%
Net Income	$8,509,352	$8,652,819	0.0%

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

$390,323

Total Directors

Key Employees

$231,752

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN KELLEY	CHAIRMAN	0.50	Officer Director	$0	$0	$0
SHARI BUCKELLEW	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
JAMES A KNECHT	SECRETARY	0.50	Officer Director	$0	$0	$0
WILLIAM ENGLAND	TREASURER	0.50	Officer Director	$0	$0	$0
GREG AYERS	BOARD MEMBER	0.50	Director	$0	$0	$0
ANN P BAUGHAN	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID L BROWN	BOARD MEMBER	0.50	Director	$0	$0	$0
ERIC E BURWELL	BOARD MEMBER	0.50	Director	$0	$0	$0
STEVEN DENAULT	BOARD MEMBER (THRU 3/2025)	0.50	Director	$0	$0	$0
ZACHARY FORTSCH	BOARD MEMBER	0.50	Director	$0	$0	$0
GARY R GEMBERLING	BOARD MEMBER	0.50	Director	$0	$0	$0
JOYCE GILLIE GOSSOM	BOARD MEMBER	0.50	Director	$0	$0	$0
BENJAMIN HART	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL JONES	BOARD MEMBER	0.50	Director	$0	$0	$0
COLLEEN KANNADAY	BOARD MEMBER	0.50	Director	$0	$0	$0
JOSEPH J LOSS	BOARD MEMBER	0.50	Director	$0	$0	$0
EDWARD MANLEY	BOARD MEMBER	0.50	Director	$0	$0	$0
JACK NORTH	BOARD MEMBER	0.50	Director	$0	$0	$0
THOMAS R REEDY	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN P RIGAS	BOARD MEMBER	0.50	Director	$0	$0	$0
TRISH ROARK	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBERT W RUSH JR	BOARD MEMBER	0.50	Director	$0	$0	$0
CARL B SNEED	BOARD MEMBER	0.50	Director	$0	$0	$0
RON THEIN	BOARD MEMBER	0.50	Director	$0	$0	$0
DEREK VOGLER	BOARD MEMBER	0.50	Director	$0	$0	$0
MARY ANN WEBB	BOARD MEMBER	0.50	Director	$0	$0	$0
LARRY WILLIAMS	BOARD MEMBER	0.50	Director	$0	$0	$0
PAT VICKERMAN	EXECUTIVE DIRECTOR	37.50	Officer	$324,763	$65,560	$390,323
JILL WILBERG	CHIEF OPERATIONS OFFICER	37.50	Key Emp	$184,142	$47,610	$231,752
MARK WUNDER	ASSISTANT VP OF DEVELOPMENT	37.50	Highest	$185,261	$47,390	$232,651
JILLIAN YOUNG	SENIOR DIRECTOR OF STEWARDSHIP & DONOR RELATIONS	37.50	Highest	$124,693	$49,897	$174,590
JOY HUTCHCRAFT	EXECUTIVE DIRECTOR OF DEVELOPMENT	37.50	Highest	$147,466	$29,513	$176,979
ELIZABETH ADAMS	SENIOR DIRECTOR OF DEVELOPMENT	37.50	Highest	$138,966	$29,189	$168,155
TONI TUCKER	DIR. OF EWING CULTURAL CTR. & UNI. ADV. FACILTIES	37.50	Highest	$109,774	$8,305	$118,079

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	$43,065,155	$34,555,803	$332,641,902	$8,509,352
2024	No data	No data	No data	No data
2023	$21,407,947	$18,615,364	$279,918,849	$2,792,583
2022	$28,959,015	$14,501,833	$265,502,010	$14,457,182
2021	$34,747,700	$16,855,390	$269,993,016	$17,892,310

ILLINOIS STATE UNIVERSITY FOUNDATION