THE COMMUNITY FOUNDATION OF WILL COUNTY

EIN: 760821144 501(c)(3) Community Improvement

FRANKFORT, IL

Total Revenue
$1,852,863
Total Expenses
$1,391,064
Total Assets
$11,239,760
Net Assets
$10,722,494
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
IL
Principal Officer
MATT SCHIMANSKI
Phone
8152013700
Tax Period
2024-10-01 to 2025-09-30

THE COMMUNITY FOUNDATION OF WILL COUNTY, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 107% from the prior year, signaling strong growth momentum. The organization ran a surplus of $462K, a strong 25% operating margin.

Mission

THE COMMUNITY FOUNDATION OF WILL COUNTY CONNECTS PEOPLE WHO CARE, TO CAUSES THAT MATTER TO IMPROVE THE LIVES OF WILL COUNTY RESIDENTS. THE FOUNDATION SEEKS TO BUILD PARTNERSHIPS TO STRENGTHEN RELATIONSHIPS AND IDENTIFY NEEDS AMONG NON-PROFIT ORGANIZATIONS, PROFESSIONAL ADVISORS, DONORS, AND COMMUNITY STAKEHOLDERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,120,172
Program Service Revenue $125,169
Investment Income $607,522
Other Revenue $0
TOTAL REVENUE $1,852,863

Expense Breakdown

Grants Paid $1,025,186
Salaries & Benefits $129,501
Fundraising Expenses $103,436
Program Expenses $1,212,804
Other Expenses $236,377
TOTAL EXPENSES $1,391,064

Year-over-Year Comparison

2024 2023 Change
Revenue $1,852,863 $897,159 +1.1%
Expenses $1,391,064 $825,198 +0.7%
Net Income $461,799 $71,961 +5.4%
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

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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
7
Independent Members
7
Employees
2
Volunteers
16

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT SCHIMANSKI CHAIR 2.00
Officer Director
$0 $0 $0
DR THERESA ROUSE VICE CHAIR 1.00
Officer Director
$0 $0 $0
DR NADIA CARPANZANO SECRETARY 1.00
Officer Director
$0 $0 $0
MARC GORSCH TREASURER 1.00
Officer Director
$0 $0 $0
EDNA BRASS BOARD MEMBER 1.00
Director
$0 $0 $0
DR DAVID LIVINGSTON BOARD MEMBER 1.00
Director
$0 $0 $0
TYLER QUALIO BOARD MEMBER 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 $1,852,863 $1,391,064 $11,239,760 $461,799
2024 $897,159 $825,198 $10,178,352 $71,961
2023 $853,001 $758,833 $8,533,618 $94,168
2022 $3,556,261 $1,007,430 $8,084,543 $2,548,831
2021 $1,616,271 $404,673 $7,084,412 $1,211,598
2020 $581,123 $458,447 $5,146,487 $122,676
2019 $944,612 $523,345 $5,107,718 $421,267
2018 $900,195 $522,933 $4,377,278 $377,262
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