ILLINOIS SCIENCE AND TECHNOLOGY INSTITUTE (EIN 454092094) - 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

2011

Legal Domicile

Principal Officer

Bill Payne

Phone

7082675601

Tax Period

2022-07-01 to 2023-06-30

ILLINOIS SCIENCE AND TECHNOLOGY INSTITUTE, founded in 2011, is a small nonprofit in the Human Services sector that reported $744K in total revenue in fiscal year 2017.

Mission

THE INSTITUTE WILL ADVANCE SCIENCE AND TECHNOLOGY THROUGH THE EDUCATION OF ILLINOIS RESIDENTS, THE PROVISION OF GRANTS TO INSTITUTIONS AND ORGANIZATIONS FOR SCIENTIFIC RESEARCH IN THE AREAS OF SCIENCE AND TECHNOLOGY, AND BY PROVIDING EDUCATIONAL RESOURCES FOR ENTREPRENEURISM, TECHNOLOGY TRANSFER, AND OTHER EDUCATION INITIATIVES THAT SUPPORT ECONOMIC DEVELOPMENT THROUGH SCIENCE AND TECHNOLOGY IN THE STATE OF ILLINOIS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $549,155

Program Service Revenue $107,117

Investment Income $255

Other Revenue $0

TOTAL REVENUE $656,527

Expense Breakdown

Grants Paid $50,585

Salaries & Benefits $489,721

Fundraising Expenses $0

Program Expenses $536,390

Other Expenses $258,074

TOTAL EXPENSES $798,380

Year-over-Year Comparison

	2022	2021	Change
Revenue	$656,527	$2,643,104	-0.8%
Expenses	$798,380	$2,385,619	-0.7%
Net Income	$-141,853	$257,485	-1.6%

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

475

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
Bill Payne	Chair	1.00	Officer Director	$0	$0	$0
Laura Frerichs	Director	1.00	Director	$0	$0	$0
TJ Augustine	Director	1.00	Director	$0	$0	$0
Jim Bray	Director	1.00	Director	$0	$0	$0
Dr Yvonne Harris	Director	1.00	Director	$0	$0	$0
Rob Patino	Director	1.00	Director	$0	$0	$0
Jess Goode	Director	1.00	Director	$0	$0	$0
Jose Leboreiro Hernandez	Director	1.00	Director	$0	$0	$0
Kumar Natesaiyer	Director	1.00	Director	$0	$0	$0
Bob Greenlee	Director	1.00	Director	$0	$0	$0
Holly Copeland	Director	1.00	Director	$0	$0	$0
Larry Kuhn	Director	1.00	Director	$0	$0	$0
Tope Sadiku	Secretary	1.00	Director	$0	$0	$0
Nicole Presperin	Director	1.00	Director	$0	$0	$0
Vivek Mehta	Director	1.00	Director	$0	$0	$0
Somali Tomczak	Director	1.00	Director	$0	$0	$0
Azurii Collier	Director	1.00	Director	$0	$0	$0
Colleen Wright	Director	1.00	Director	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$656,527	$798,380	$731,927	$-141,853
2023	No data	No data	No data	No data
2022	$2,734,579	$2,474,794	$953,933	$259,785
2022	$2,643,104	$2,385,619	$942,810	$257,485
2021	$533,028	$546,724	$982,665	$-13,696
2020	$985,901	$748,629	$816,006	$237,272
2020	$1,063,559	$748,629	$816,006	$314,930
2019	$961,235	$863,194	$708,323	$98,041
2018	$743,943	$756,752	$898,866	$-12,809

ILLINOIS SCIENCE AND TECHNOLOGY INSTITUTE