ILLUMINATIONS FOUNDATION INC (EIN 833552306) - 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

2019

Legal Domicile

Principal Officer

DAVID H WILLS

Phone

4042520100

Tax Period

2024-01-01 to 2024-12-31

ILLUMINATIONS FOUNDATION INC, founded in 2019, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $50.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $47.5M left a modest 6% surplus.

Mission

TO GRANT TO BIBLE TRANSLATION COLLABORATION ACROSS VARIOUS MINISTRY PARTNERS IN ORDER TO ERADICATE BIBLE POVERTY IN THIS GENERATION.

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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 $50,386,361

Program Service Revenue $0

Investment Income $276,354

Other Revenue $0

TOTAL REVENUE $50,662,715

Expense Breakdown

Grants Paid $47,225,301

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,538,335

Other Expenses $313,034

TOTAL EXPENSES $47,538,335

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,662,715	$46,309,117	+0.1%
Expenses	$47,538,335	$45,371,055	+0.0%
Net Income	$3,124,380	$938,062	+2.3%

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

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

$266,693

Total Directors

$266,693

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID WILLS	DIRECTOR/SECRETARY	1.00	Officer Director	$0	$0	$0
TODD PETERSON	DIRECTOR/PRESIDENT	1.00	Officer Director	$0	$0	$0
DANA RING	DIRECTOR/TREASURER	1.00	Officer Director	$0	$29,331	$266,693
GARY NELSON	DIRECTOR	1.00	Director	$0	$0	$0
MART GREEN	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	No data	No data	No data	No data
2024	$50,662,715	$47,538,335	$8,166,174	$3,124,380
2023	$46,309,117	$45,371,055	$5,041,250	$938,062
2022	$50,806,158	$52,771,196	$4,133,721	$-1,965,038
2021	$37,103,304	$32,015,311	$6,093,722	$5,087,993
2020	$18,591,603	$17,580,574	$1,011,029	$1,011,029

ILLUMINATIONS FOUNDATION INC