SENECA FOUNDATION INC

EIN: 852737915 501(c)(3) Education

DEERFIELD, IL

Total Revenue
$205,261
Total Expenses
$388,218
Total Assets
$35,676
Net Assets
$35,676
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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
IL
Principal Officer
James Whiteley
Phone
3128540003
Tax Period
2025-01-01 to 2025-12-31

SENECA FOUNDATION INC, founded in 2020, is a small nonprofit in the Education sector that reported $205K in total revenue in fiscal year 2025. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $388K exceeded revenue, resulting in a 89% operating deficit.

Mission

SENECA FOUNDATION PROVIDES UNDERPRIVILEGED RECENT HIGH SCHOOL GRADUATES WITH PAID TRAINING AND EMPLOYMENT IN STEM FIELDS. PARTICIPANTS ARE ELIGIBLE TO RECEIVE FINANCIAL ASSISTANCE TOWARDS A STEM DEGREE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $205,261
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $205,261

Expense Breakdown

Grants Paid $0
Salaries & Benefits $331,949
Fundraising Expenses $0
Program Expenses $341,477
Other Expenses $56,269
TOTAL EXPENSES $388,218

Year-over-Year Comparison

2025 2024 Change
Revenue $205,261 $540,219 -0.6%
Expenses $388,218 $392,215 0.0%
Net Income $-182,957 $148,004 -2.2%
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
3
Independent Members
3
Employees
32
Volunteers
32

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
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES WHITELEY DIRECTOR 1
Director
$0 $0 $0
FIDELIS UMEH PRESIDENT 0.5
Officer
$0 $0 $0
SANJUANA JAIME-NIX SECRETARY 0.5
Officer
$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 $205,261 $388,218 $35,676 $-182,957
2021 $750,000 $509,542 $249,373 $240,458
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