ILLINOIS ART STATION (EIN 850611871) - 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

2020

Legal Domicile

Principal Officer

MICHAEL STRAZA

Phone

3093861019

Tax Period

2025-01-01 to 2025-12-31

ILLINOIS ART STATION, founded in 2020, is a micro nonprofit that reported $48K in total revenue in fiscal year 2025. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $91K exceeded revenue, resulting in a 87% operating deficit.

Mission

PROVIDING CHILDREN, YOUTH, AND THEIR FAMILIES WITH ACCESSIBLE AND TRANSFORMATIVE HANDS-ON VISUAL ARTS EDUCTATION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $34,351

Program Service Revenue $7,914

Investment Income $167

Other Revenue $6,043

TOTAL REVENUE $48,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,136

Fundraising Expenses $0

Program Expenses $46,262

Other Expenses $46,723

TOTAL EXPENSES $90,859

Year-over-Year Comparison

	2025	2024	Change
Revenue	$48,475	$239,018	-0.8%
Expenses	$90,859	$253,910	-0.6%
Net Income	$-42,384	$-14,892	+1.8%

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

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

$17,792

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT JORDAN	DIRECTOR	1.00	Director	$0	$0	$0
KAREN STEPHENS	DIRECTOR	1.00	Director	$0	$0	$0
CAT WOODS	TREASURER	1.00	Officer Director	$0	$0	$0
KRISTIE TOOHILL	SECRETARY	1.00	Officer Director	$0	$0	$0
KIMBERLY BABIN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE STRAZA	CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTINA DOXSIE	DIRECTOR	1.00	Director	$0	$0	$0
ARLENE HOSEA	DIRECTOR	1.00	Director	$0	$0	$0
AMY COFFMAN FRITZEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HANNAH JOHNSON	EXECUTIVE DIRECTOR	40.00	Officer	$17,792	$0	$17,792

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	$48,475	$90,859	No data	$-42,384
2024	$239,018	$253,910	$63,063	$-14,892
2023	$223,760	$268,810	$79,504	$-45,050
2022	$171,563	$308,708	$123,373	$-137,145
2021	$132,718	$235,287	$265,617	$-102,569
2020	$438,479	$82,212	$361,343	$356,267
2020	$604,633	$100,064	$509,645	$504,569

ILLINOIS ART STATION