The Illumination Foundation (EIN 711047686) - 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

2008

Legal Domicile

Principal Officer

Pooja Bhalla

Phone

9492730555

Tax Period

2022-07-01 to 2023-06-30

The Illumination Foundation, founded in 2008, is a mid-sized nonprofit in the Human Services sector that reported $55.3M in total revenue in fiscal year 2022. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $47.5M left a modest 14% surplus.

Mission

Provide housing and healthcare services to break or prevent the cycle of homelessness.

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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 $5,091,447

Program Service Revenue $43,295,905

Investment Income $1,253,881

Other Revenue $5,629,546

TOTAL REVENUE $55,270,779

Expense Breakdown

Grants Paid $8,442,657

Salaries & Benefits $23,251,696

Fundraising Expenses $1,501,028

Program Expenses $42,488,073

Other Expenses $15,847,196

TOTAL EXPENSES $47,541,549

Year-over-Year Comparison

	2022	2021	Change
Revenue	$55,270,779	$37,348,709	+0.5%
Expenses	$47,541,549	$38,748,298	+0.2%
Net Income	$7,729,230	$-1,399,589	-6.5%

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

520

Volunteers

727

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

$499,437

Total Directors

$272,174

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ginny Ripslinger	Board Director	3.00	Director	$0	$0	$0
Howard Mirowitz	Board Director	3.00	Director	$0	$0	$0
Jacqueline Dupont	Chair	3.00	Officer Director	$0	$0	$0
Greg Buchert	Board Director	3.00	Director	$0	$0	$0
Larry Haynes	Board Director	3.00	Director	$0	$0	$0
Marc Scher	Board Director	3.00	Director	$0	$0	$0
Mark Costa	Board Director	3.00	Director	$0	$0	$0
Karen Jordan	Board Director	3.00	Director	$0	$0	$0
Michael Cupps	Board Director	3.00	Director	$0	$0	$0
Michael Haynes	Treasurer	3.00	Officer Director	$0	$0	$0
Larry Haynes	Board Director	3.00	Director	$0	$0	$0
Ripu Arora	Board Director	3.00	Director	$0	$0	$0
Robert Warren	Vice Chairman	3.00	Officer Director	$0	$0	$0
Mark Austin	Board Director	3.00	Director	$0	$0	$0
Laurie Allen	Secretary	3.00	Officer Director	$0	$0	$0
Getta Grover	Board Director	3.00	Director	$0	$0	$0
Ronald Kim	Board Director	3.00	Director	$0	$0	$0
Pooja Bhalla	CEO	50.00	Officer Director	$272,174	$0	$272,174
Rick Chan	Board Director	3.00	Director	$0	$0	$0
Clark Jones	Board Director	3.00	Director	$0	$0	$0
Tom Duchene	Board Director	3.00	Director	$0	$0	$0
Margaret Pfeiffer	Board Director	3.00	Director	$0	$0	$0
Teresa Razo	Board Director	3.00	Director	$0	$0	$0
Ian Williamson	Board Director	3.00	Director	$0	$0	$0
John Ing	CFO	50.00	Officer	$227,263	$0	$227,263
Paul Leon	Former CEO	50.00		$309,650	$0	$309,650
Jack Toan	Former COO/Co-CEO	50.00		$203,624	$0	$203,624

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	$55,270,779	$47,541,549	$38,285,720	$7,729,230
2022	$37,348,709	$38,748,298	$21,908,033	$-1,399,589
2021	$48,500,267	$42,229,446	$20,324,381	$6,270,821
2020	$29,146,101	$28,037,227	$11,511,087	$1,108,874
2019	$20,473,629	$20,016,597	$9,614,249	$457,032
2018	$14,822,033	$14,050,397	$4,766,439	$771,636

The Illumination Foundation