ILLINOIS ENGINEERING INITIATIVE (EIN 510185971) - 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

1975

Principal Officer

JEFF LARGE

Phone

2175447424

Tax Period

2023-01-01 to 2023-12-31

ILLINOIS ENGINEERING INITIATIVE, founded in 1975, is a small nonprofit that reported $124K in total revenue in fiscal year 2023. Net assets of $394K represent 38 months of operating reserves.

Mission

THE FOUNDATION ORGANIZES THE REGIONAL AND STATE MATHCOUNTS COMPETITIONS IN WHICH STUDENTS COMPETE AGAINST ONE ANOTHER IN MATH COMPETITION. THE PURPOSE OF THE COMPETITION IS TO FURTHER THE MATH SKILLS OF STUDENTS AND ENCOURAGE THOSE INTERESTED IN THE ENGINEERING PROFESSION TO REFINE THEIR MATH SKILLS. THE REVENUE COMES FROM SCHOOLS WITHIN ILLINOIS WHO REGISTER TO COMPETE IN THE COMPETITION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $97,211

Program Service Revenue $0

Investment Income $19,091

Other Revenue $7,995

TOTAL REVENUE $124,297

Expense Breakdown

Grants Paid $61,740

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $88,123

Other Expenses $64,827

TOTAL EXPENSES $126,567

Year-over-Year Comparison

	2023	2022	Change
Revenue	$124,297	N/A	N/A
Expenses	$126,567	N/A	N/A
Net Income	$-2,270	N/A	N/A

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

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
KEVIN ARTL	TRUSTEE	2.00	Director	$0	$0	$0
JEFF LARGE	PRESIDENT	2.00	Officer Director	$0	$0	$0
LAURA MCGOVERN	TRUSTEE	2.00	Director	$0	$0	$0
TERESA SANER	TRSUTEE	2.00	Director	$0	$0	$0
CARL SCHOEDEL	TRUSTEE	2.00	Director	$0	$0	$0
KRISTIN L TIMMONS	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
CRAIG TURNER	TRUSTEE	2.00	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
2024	No data	No data	No data	No data
2023	$124,297	$126,567	$394,036	$-2,270

ILLINOIS ENGINEERING INITIATIVE