ILLINOIS STATE UNIVERSITY FOUNDATION

EIN: 376025713 501(c)(3) Education

NORMAL, IL

Total Revenue
$43,065,155
Total Expenses
$34,555,803
Total Assets
$332,641,902
Net Assets
$327,112,156
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
IL
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 $34.7M in total revenue in fiscal year 2020. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17.9M, a strong 51% operating margin.

Mission

TO ELEVATE ILLINOIS STATE UNIVERSITY THROUGH THE POWER OF PHILANTHROPY.

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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%)

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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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Governance

Voting Members
26
Independent Members
26
Employees
N/A
Volunteers
26

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
5
$390,323
Total Directors
27
$0
Key Employees
1
$231,752
Highest Compensated
5
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
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