ILLINOIS EDUCATION ASSOCIATION FOUNDATION INC (EIN 473603983) - 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

ALBERT LLORENS

Phone

2175440706

Tax Period

2024-07-01 to 2025-06-30

ILLINOIS EDUCATION ASSOCIATION FOUNDATION INC, founded in 2015, is a micro nonprofit in the Education sector that reported $64K in total revenue in fiscal year 2024. The organization ran a surplus of $25K, a strong 39% operating margin.

Mission

MAKING GRANTS TO INDIVIDUAL EDUCATORS AND EDUCATIONAL INSTITUTIONS IN ILLINOIS FOR CHARITABLE AND EDUCATIONAL ACTIVITIES RELATED TO IMPROVING THE DELIVERY OF EDUCATION, FURTHERING EDUCATIONAL OPPORTUNITIES, AND THE DEVELOPMENT OF NEW CURRICULUM OR CREATIVE EDUCATIONAL PROGRAMS.

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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 $46,439

Program Service Revenue $0

Investment Income $0

Other Revenue $17,949

TOTAL REVENUE $64,388

Expense Breakdown

Grants Paid $36,402

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,402

Other Expenses $2,624

TOTAL EXPENSES $39,026

Year-over-Year Comparison

	2024	2023	Change
Revenue	$64,388	$67,577	0.0%
Expenses	$39,026	$33,104	+0.2%
Net Income	$25,362	$34,473	-0.3%

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

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

$908,110

Total Directors

$908,110

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALBERT LLORENS	CHAIRPERSON	1.00	Officer Director	$0	$83,288	$325,428
MICHAEL SHOUDY	VICE CHAIRPERSON	1.00	Officer Director	$0	$61,303	$302,464
JAMIE SCHUMACHER	SECRETARY/TREASURER	1.00	Officer Director	$0	$66,750	$280,218
TASNIM BHIKHAPURWALA-VOHRA	DIRECTOR (UNTIL 12/24)	1.00	Director	$0	$0	$0
LAURA GONZALEZ	DIRECTOR (UNTIL 12/24)	1.00	Director	$0	$0	$0
KAREN MOORE	DIRECTOR	1.00	Director	$0	$0	$0
BRITTANY NELSON	DIRECTOR	1.00	Director	$0	$0	$0
ALISON ROHRBACH	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA WARD-MITCHELL	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	$64,388	$39,026	$321,488	$25,362
2024	$67,577	$33,104	$297,626	$34,473
2023	$40,330	$46,307	$263,153	$-5,977
2022	$39,415	$35,131	$273,130	$4,284
2021	$12,941	$22,343	$270,975	$-9,402
2020	$40,042	$32,509	$280,377	$7,533
2019	$49,282	$34,990	$272,844	$14,292
2018	$50,766	$62,343	$258,552	$-11,577

ILLINOIS EDUCATION ASSOCIATION FOUNDATION INC