BASKETBALL MUSEUM OF ILLINOIS INC

EIN: 472673172 501(c)(3) Arts, Culture & Humanities

ELBURN, IL

Total Revenue
$110,023
Total Expenses
$210,832
Total Assets
$298,593
Net Assets
$-1,407
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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
IL
Principal Officer
Joseph Dondanville
Phone
3125015174
Tax Period
2025-01-01 to 2025-12-31

BASKETBALL MUSEUM OF ILLINOIS INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $110K in total revenue in fiscal year 2025. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $211K exceeded revenue, resulting in a 92% operating deficit.

Mission

Our mission is to honor Illinois basketball history, celebrate current acheivments and motivate future generations

Program Service Accomplishments

Program 1
Expenses: $90,370

Began receiving donations from donees in 2015 with the vision of establishing a permanent location for our museum. We continued our partnership with Grand Marketing Solutions to aid with virtual...

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Began receiving donations from donees in 2015 with the vision of establishing a permanent location for our museum. We continued our partnership with Grand Marketing Solutions to aid with virtual component of our museum. We also partnered with the Village of Bedford Park and the Wintrust Sports Complex to have a physical location of our Museum, which led us to host a Title IX celebration.

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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 (2025)

Revenue Breakdown

Contributions & Grants $101,843
Program Service Revenue $0
Investment Income $694
Other Revenue $7,486
TOTAL REVENUE $110,023

Expense Breakdown

Grants Paid $0
Salaries & Benefits $66,412
Fundraising Expenses $0
Program Expenses $90,370
Other Expenses $144,420
TOTAL EXPENSES $210,832

Year-over-Year Comparison

2025 2024 Change
Revenue $110,023 $79,243 +0.4%
Expenses $210,832 $76,345 +1.8%
Net Income $-100,809 $2,898 -35.8%
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

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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
14
Independent Members
14
Employees
3
Volunteers
27

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
5
$61,462
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joseph Dondanville CDO 40.00
Officer
$30,769 $0 $30,769
Jason Ronai Executive Dir. 40.00
Officer
$25,385 $0 $25,385
Bob Ward Director 25.00
Officer
$5,308 $0 $5,308
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 10.00
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
2025 $110,023 $210,832 $298,593 $-100,809
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
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