LICA EDUCATIONAL FOUNDATION FOR VETERANS

EIN: 861465306 501(c)(3) Employment

LISLE, IL

Total Revenue
$71,746
Total Expenses
$29,751
Total Assets
$36,290
Net Assets
$36,290
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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
2021
Legal Domicile
IL
Principal Officer
EILEEN LEVY
Phone
6305481984
Tax Period
2024-01-01 to 2024-12-31

LICA EDUCATIONAL FOUNDATION FOR VETERANS, founded in 2021, is a micro nonprofit in the Employment sector that reported $72K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $42K, a strong 59% operating margin.

Mission

MILITARY VETERAN ASSISTANCE

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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 $71,746
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $71,746

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $29,751
TOTAL EXPENSES $29,751

Year-over-Year Comparison

2024 2023 Change
Revenue $71,746 $81,987 -0.1%
Expenses $29,751 $116,673 -0.7%
Net Income $41,995 $-34,686 -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
5
Independent Members
N/A
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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT CLARK JR PRESIDENT 001.00
Director
$0 $0 $0
EILEEN LEVY SECRETARY/TREASURER 003.00
Director
$0 $0 $0
EDDY MAYEN DIRECTOR 003.00
Director
$0 $0 $0
HARRY HAUSCHILD DIRECTOR N/A
Director
$0 $0 $0
JOHN PETERSON DIRECTOR N/A
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 $71,746 $29,751 $36,290 $41,995
2023 $81,987 $116,673 $3,104 $-34,686
2022 $81,000 $65,008 $31,246 $15,992
2021 $20,790 $7,801 $12,989 $12,989
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