ILLINOIS FAIRGROUNDS FOUNDATION C/… - Form 990 Financial Data

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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

2016

Legal Domicile

Principal Officer

JOHN C SLAYTON

Phone

2177251033

Tax Period

2023-01-01 to 2023-12-31

ILLINOIS FAIRGROUNDS FOUNDATION C/O JOHN SLAYTON, founded in 2016, is a micro nonprofit in the Recreation & Sports sector that reported $59K in total revenue in fiscal year 2023. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $448K exceeded revenue, resulting in a 665% operating deficit.

Mission

TO FACILITATE REPAIRS AND RESTORATION OF THE ILLINOIS STATE FAIRGROUNDS IN SPRINGFIELD, IL AND DU QUOIN, IL.

Program Service Accomplishments

Program 1

Expenses: $445,541

TO FACILITATE REPAIRS AND RESTORATION OF THE ILLINOIS STATE FAIRGROUNDS IN SPRINGFIELD, IL AND DU QUOIN, IL.

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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 $11,450

Program Service Revenue $0

Investment Income $47,124

Other Revenue $0

TOTAL REVENUE $58,574

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $445,541

Other Expenses $448,107

TOTAL EXPENSES $448,107

Year-over-Year Comparison

	2023	2022	Change
Revenue	$58,574	$186,256	-0.7%
Expenses	$448,107	$121,963	+2.7%
Net Income	$-389,533	$64,293	-7.1%

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
JOHN SLAYTON	CHAIRMAN	5.00	Officer Director	$0	$0	$0
GEORGE OBERNAGEL III	TREASURER	5.00	Officer Director	$0	$0	$0
SAM MADONIA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROD STOLL	SECRETARY	1.00	Officer Director	$0	$0	$0
EDWARD MCMILLAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER SHIKE	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT EASTER	BOARD MEMBER	1.00	Director	$0	$0	$0
PHIL FARRELL	BOARD MEMBER	1.00	Director	$0	$0	$0
THERESA MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDY RASH	BOARD MEMBER	1.00	Director	$0	$0	$0
ORION SAMUELSON	BOARD MEMBER EMERITUS	1.00	Director	$0	$0	$0
JERRY COSTLLOW	EX-OFFICIO 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
2024	No data	No data	No data	No data
2023	$58,574	$448,107	$1,064,722	$-389,533
2022	$186,256	$121,963	$1,455,881	$64,293
2021	$85,211	$365,619	$1,391,167	$-280,408
2020	$125,149	$131,640	$1,696,231	$-6,491
2019	$898,094	$222,424	$1,697,327	$675,670
2018	$1,043,341	$45,191	$1,021,657	$998,150

ILLINOIS FAIRGROUNDS FOUNDATION C/O JOHN SLAYTON