ILLINOIS AMVETS SERVICE FOUNDATION

EIN: 376039602 Public & Societal Benefit

SPRINGFIELD, IL

Total Revenue
$2,434,553
Total Expenses
$2,902,883
Total Assets
$227,188
Net Assets
$151,239
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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
IL
Principal Officer
JOE BARTLEY
Phone
2175284713
Tax Period
2023-08-01 to 2024-07-31

ILLINOIS AMVETS SERVICE FOUNDATION, founded in 1948, is a community nonprofit in the Public & Societal Benefit sector that reported $2.4M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $2.9M exceeded revenue, resulting in a 19% operating deficit.

Mission

PROVIDE SERVICES TO VETERANS

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,412,417
Program Service Revenue $0
Investment Income $7,072
Other Revenue $15,064
TOTAL REVENUE $2,434,553

Expense Breakdown

Grants Paid $72,970
Salaries & Benefits $662,219
Fundraising Expenses $777,495
Program Expenses $2,039,461
Other Expenses $2,167,694
TOTAL EXPENSES $2,902,883

Year-over-Year Comparison

2023 2022 Change
Revenue $2,434,553 $2,878,099 -0.2%
Expenses $2,902,883 $2,964,710 0.0%
Net Income $-468,330 $-86,611 +4.4%
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

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Governance

Voting Members
8
Independent Members
9
Employees
9
Volunteers
32

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
4
$112,359
Total Directors
10
$112,359
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN HOLT PRESIDENT 1.00
Officer Director
$0 $0 $0
KEITH WETHERELL SECRETARY 38.00
Officer Director
$89,883 $22,476 $112,359
JOYE MORRIS TREASURER/ DIRECTOR 1.00
Officer Director
$0 $0 $0
RICHARD VANNATTA JUDGE ADVOCATE/ DIRECTOR 1.00
Director
$0 $0 $0
LAURA DOSS DIRECTOR 1.00
Director
$0 $0 $0
KEN ROWE DIRECTOR 1.00
Director
$0 $0 $0
JOHN COLE DIRECTOR 1.00
Director
$0 $0 $0
FRANK KLINGL DIRECTOR 1.00
Director
$0 $0 $0
JIMMY DUNCAN DIRECTOR 1.00
Director
$0 $0 $0
ADAM STERLING DIRECTOR 1.00
Director
$0 $0 $0
JOE BARTLEY EXECUTIVE DIRECTOR 38.00
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
2024 $2,434,553 $2,902,883 $227,188 $-468,330
2024 $2,434,553 $2,902,883 $227,188 $-468,330
2023 $2,878,099 $2,964,710 $658,783 $-86,611
2022 $2,702,736 $2,595,602 $707,817 $107,134
2021 $3,188,714 $2,810,541 $604,546 $378,173
2020 $2,225,905 $2,350,234 $240,171 $-124,329
2019 $3,215,791 $3,413,430 $387,702 $-197,639
2018 $2,862,763 $3,416,837 $547,496 $-554,074
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