ISACA Foundation

EIN: 834605433 501(c)(3) Community Improvement

Schaumburg, IL

Total Revenue
$1,773,866
Total Expenses
$1,394,828
Total Assets
$3,479,642
Net Assets
$1,610,636
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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
DE
Phone
8472531545
Tax Period
2024-01-01 to 2024-12-31

ISACA Foundation, founded in 2019, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $379K, a strong 21% operating margin.

Mission

The ISACA Foundation removes barriers to ensure the IT audit, risk, security, assurance and cyber professions are accessible for all through our scholarship and workforce inclusion programs.

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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 $1,610,504
Program Service Revenue $0
Investment Income $163,362
Other Revenue $0
TOTAL REVENUE $1,773,866

Expense Breakdown

Grants Paid $435,100
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,141,869
Other Expenses $959,728
TOTAL EXPENSES $1,394,828

Year-over-Year Comparison

2024 2023 Change
Revenue $1,773,866 $1,886,915 -0.1%
Expenses $1,394,828 $1,238,228 +0.1%
Net Income $379,038 $648,687 -0.4%
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

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

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Governance

Voting Members
9
Independent Members
8
Employees
1
Volunteers
524

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
2
$2,174,520
Total Directors
10
$1,309,415
Key Employees
1
$592,717
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Erik Prusch PRESIDENT, Secretary, DIRECTOR & ISACA CEO 1.0
Officer Director
$0 $288,762 $1,309,415
Ariel Weintraub Vice Chair 1.0
Director
$0 $0 $0
CHRIS MOSCHIVITIS DIRECTOR 1.0
Director
$0 $0 $0
Dev PATEL Director (Through June 2024) 1.0
Director
$0 $0 $0
GAIL COURY CHAIR 3.0
Director
$0 $0 $0
Jermaine Stanley Director 1.0
Director
$0 $0 $0
Liana Melchenko Director (From August 2024) 1.0
Director
$0 $0 $0
Niel Harper Director 1.0
Director
$0 $0 $0
RV RAGHU DIRECTOR 1.0
Director
$0 $0 $0
Veronica N Rose Director 1.0
Director
$0 $0 $0
Thomas Kyei-Boateng TREASURER & CFO 1.0
Officer
$0 $122,640 $865,105
Meeghan Ward Creeden Executive Director (Through October 2024) 1.0
Key Emp
$0 $47,957 $592,717
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 $1,773,866 $1,394,828 $3,479,642 $379,038
2023 $1,886,915 $1,238,228 $3,323,763 $648,687
2022 $1,380,023 $1,301,882 $2,164,846 $78,141
2021 $172,329 $655,050 $975,487 $-482,721
2020 $1,342,077 $1,043,240 $848,126 $298,837
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