BASKETBALL MUSEUM OF ILLINOIS INC (EIN 472673172) - 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

2015

Legal Domicile

Principal Officer

Robert Bruce Firchau

Phone

3125015174

Tax Period

2024-01-01 to 2024-12-31

BASKETBALL MUSEUM OF ILLINOIS INC, founded in 2015, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $79K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $76K left a modest 4% surplus.

Mission

Our mission is to honor Illinois basketball history, celebrate current acheivments and motivate future generations, by providing them a musuem to honor Illinois great athletic history.

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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 $65,920

Program Service Revenue $0

Investment Income $48

Other Revenue $13,275

TOTAL REVENUE $79,243

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,340

Fundraising Expenses $0

Program Expenses $51,511

Other Expenses $72,005

TOTAL EXPENSES $76,345

Year-over-Year Comparison

	2024	2023	Change
Revenue	$79,243	$95,581	-0.2%
Expenses	$76,345	$99,373	-0.2%
Net Income	$2,898	$-3,792	-1.8%

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

Volunteers

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

$4,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bob Ward	Executive Dir.	25.00	Officer	$4,000	$0	$4,000
Brian Dunn	Director	3.00	Director	$0	$0	$0
John Spezia	Director	3.00	Director	$0	$0	$0
Rodney Kellar	Director	3.00	Director	$0	$0	$0
Jim Sheppard	Director	3.00	Director	$0	$0	$0
Amanda Glazebrook	Director	3.00	Director	$0	$0	$0
Jim Tracy	Director	3.00	Director	$0	$0	$0
Danny Snodgrass	Director	3.00	Director	$0	$0	$0
Marty Gaughan	Director	3.00	Director	$0	$0	$0
Eugene Henry	Director	3.00	Director	$0	$0	$0
Mark Kleemann	Asst. Exec. Dir	10.00	Officer	$0	$0	$0
Robert Bruce Firchau	President	25.00	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	$79,243	$76,345	$99,402	$2,898
2023	$95,581	$99,373	$96,504	$-3,792
2022	$90,343	$120,437	$100,296	$-30,094
2021	$38,670	$50,307	$130,962	$-11,637
2020	$21,215	$11,905	$142,027	$9,310
2019	$82,757	$73,870	$132,717	$8,887
2018	$136,256	$85,832	$125,489	$50,424

BASKETBALL MUSEUM OF ILLINOIS INC