Western Illinois University Foundation (EIN 376046814) - Form 990 Financial Analysis & Trantor Score

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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

1946

Legal Domicile

Principal Officer

Clare A Thompson

Phone

3092981861

Tax Period

2023-07-01 to 2024-06-30

Western Illinois University Foundation, founded in 1946, is a mid-sized nonprofit in the Education sector that reported $14.0M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.3M, a strong 16% operating margin.

Mission

The mission of the WIU Foundation is to maximize private support for Western Illinois University to assist in advancing its core values of academic excellence, educational opportunity, personal growth, and social responsibility. Private support enables Western Illinois University to enhance educational opportunities for its students and advance its mission of instruction, research, and public service.Private assistance is sought and administered with the primary objective of serving purposes other than those for which the State of Illinois makes sufficient appropriations.These contributions, when added to State resources, add an extra dimension by supporting programs that might not otherwise be possible. Such generosity enables Western Illinois University to enhance educational opportunities for its students and advance its mission of instruction, research, and public service.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,868,582

Program Service Revenue $0

Investment Income $4,177,595

Other Revenue $929,766

TOTAL REVENUE $13,975,943

Expense Breakdown

Grants Paid $3,951,590

Salaries & Benefits $0

Fundraising Expenses $736,605

Program Expenses $9,154,578

Other Expenses $7,719,012

TOTAL EXPENSES $11,670,602

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,975,943	$11,991,285	+0.2%
Expenses	$11,670,602	$10,084,845	+0.2%
Net Income	$2,305,341	$1,906,440	+0.2%

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

356

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

$304,454

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David L Miller	President	0.10	Officer Director	$0	$0	$0
Randall S Germeraad	Vice President	0.60	Officer Director	$0	$0	$0
Jason L Duncan	Secretary	0.40	Officer Director	$0	$0	$0
Larry T Balsamo	Director	0.10	Director	$0	$0	$0
Robert K Baumann	Director	0.10	Director	$0	$0	$0
Patrick J Burke	Director	0.10	Director	$0	$0	$0
Lorraine Epperson	Director	0.10	Director	$0	$0	$0
Nicholas H Estes	Director	0.10	Director	$0	$0	$0
Charles C Gilbert	Director	0.10	Director	$0	$0	$0
John E Hallwas	Director	0.10	Director	$0	$0	$0
Laura J Janus	Director	0.10	Director	$0	$0	$0
Steven J McCann	Director	0.10	Director	$0	$0	$0
Janice Owens	Director	0.10	Director	$0	$0	$0
Jacqueline K Thompson	Director	0.10	Director	$0	$0	$0
Rhonda Haffner	Director	0.10	Director	$0	$0	$0
Arsenio Mims	Director	0.10	Director	$0	$0	$0
Brian Turner	Director	0.10	Director	$0	$0	$0
Todd Lester	Director	0.10	Director	$0	$0	$0
Bradley L Bainter	Executive Director thru 12/31	37.50	Officer	$0	$0	$54,139
Clare A Thompson	Executive Director starting 1/1	37.50	Officer	$0	$34,709	$68,462
Holly Sutton	non-voting, Treasurer	37.50	Officer	$0	$16,196	$86,212
Stacy Dorethy	Recording Secretary	37.50	Officer	$0	$29,376	$95,641

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	$13,975,943	$11,670,602	$115,056,948	$2,305,341
2023	$11,991,285	$10,084,845	$104,629,465	$1,906,440
2022	$14,526,039	$9,354,523	$96,361,352	$5,171,516
2021	$9,773,616	$7,920,933	$100,243,891	$1,852,683
2020	$7,417,920	$8,861,925	$79,070,194	$-1,444,005
2019	$11,315,284	$10,307,212	$77,992,928	$1,008,072
2018	$13,227,418	$8,829,456	$74,573,559	$4,397,962

Western Illinois University Foundation