WILLIAM HIPSLEY TRUST 902

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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

1991

Legal Domicile

Principal Officer

Phillip Richmond

Phone

3097585405

Tax Period

2024-07-01 to 2025-06-30

WILLIAM HIPSLEY TRUST 902, founded in 1991, is a micro nonprofit that reported $89K in total revenue in fiscal year 2024. Revenue surged 159% from the prior year, signaling strong growth momentum. Net assets of $1.1M represent 154 months of operating reserves.

Mission

The William Hipsley Trust is a court designated trust created and operable under the terms of the Will of William L Hipsley dated July 17, 1924 and the codicil thereto dated April 2, 1931.

Program Service Accomplishments

Program 1

Expenses: $26,500

Scholarships

Program 2

Expenses: $50,700

Support of VIT Schools for the Illinois communities of Vermont, Ipava, and Table Grove.

Program 3

Expenses: $3,000

Harris Cemetery Paving Overlay

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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 $0

Program Service Revenue $0

Investment Income $88,534

Other Revenue $0

TOTAL REVENUE $88,534

Expense Breakdown

Grants Paid $84,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $84,200

Other Expenses $2,587

TOTAL EXPENSES $86,787

Year-over-Year Comparison

	2024	2023	Change
Revenue	$88,534	$34,229	+1.6%
Expenses	$86,787	$88,107	0.0%
Net Income	$1,747	$-53,878	-1.0%

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

N/A

Independent Members

N/A

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Laura Holmes	President	N/A	Officer	$0	$0	$0
Jessica Van Pelt	Vice President	N/A	Officer	$0	$0	$0
Jena Payne	Secretary	N/A	Officer	$0	$0	$0
Phillip Richmond	Treasurer	N/A	Officer	$0	$0	$0
Liza Dutton	Membership Chairperson	N/A	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
2025	$88,534	$86,787	$1,134,912	$1,747
2024	$34,229	$88,107	$1,132,171	$-53,878
2023	$36,853	$41,428	$1,095,987	$-4,575
2022	$-12,294	$160,819	$1,050,314	$-173,113
2021	$228,291	$96,928	$1,291,697	$131,363
2020	$105,990	$72,084	$1,166,850	$33,906
2019	$77,111	$164,315	$1,158,057	$-87,204