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Audits & Financial Healthi

FACNCES

7

Districts

3/5

Clean Audits

7/7

Healthy

Financial health scores and federal audit results for school districts serving your community.

What are school district audits & financial profiles?

Single Audits are required by federal law for any organization spending $1M+ in federal awards. An independent auditor reviews financial statements and compliance with federal program requirements.

An unmodified (clean) opinion means no significant issues were found. A material weakness indicates a serious gap in financial controls that could lead to misstatement of financial reports.

Financial Profile evaluates each school district on five financial indicators — fund balance, spending patterns, cash reserves, and debt levels — assigning a score from 1.00 to 4.00 and a designation:

Recognition: Strong financial position (3.50-4.00)

Review: Adequate financial position (2.50-3.49)

Early Warning: Potential concerns (1.50-2.49)

Watch: Significant concerns (1.00-1.49)

Sources: FACNCES

Financial Healthi

Calumet City SD 155Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score3.70 / 4.0

Better than 27% of districts statewide

Dolton SD 149Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score3.80 / 4.0

Better than 36% of districts statewide

Hoover-Schrum Memorial SD 157Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score3.70 / 4.0

Better than 27% of districts statewide

Lincoln ESD 156Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score3.70 / 4.0

Better than 27% of districts statewide

South Holland SD 150Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score3.90 / 4.0

Better than 47% of districts statewide

Thornton Fractional Twp HSD 215Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score4.00 / 4.0

Better than 66% of districts statewide

Thornton Twp HSD 205Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score4.00 / 4.0

Better than 66% of districts statewide

Audit Opinionsi

Dolton SD 149Qualified

Most recent audit found issues requiring attention. Clean audits in 10 of 10 years (100%).

Clean years

10 of 10

Total audits

13

South Holland SD 150Disclaimer

Most recent audit found serious concerns. Clean audits in 9 of 9 years (100%).

Clean years

9 of 9

Total audits

9

Calumet City SD 155Clean

Most recent audit found no significant issues. Clean audits in 8 of 8 years (100%).

Clean years

8 of 8

Total audits

8

Hoover-Schrum Memorial SD 157Clean

Most recent audit found no significant issues. Clean audits in 10 of 10 years (100%).

Clean years

10 of 10

Total audits

10

Thornton Fractional Twp HSD 215Clean

Most recent audit found no significant issues. Clean audits in 9 of 9 years (100%).

Clean years

9 of 9

Total audits

9

Audit Timelinei

Dolton SD 149

2025Qualified1 weakness
John Kasperek Co., IncPDF
2024Qualified6 findings
John Kasperek Co., Inc.PDF

South Holland SD 150

2024Disclaimer
BAKER TILLY US, LLPPDF
2023Disclaimer
BAKER TILLY US, LLPPDF

Calumet City SD 155

2023Clean15 findings
JOHN KASPEREK CO., INC.PDF
2022Clean17 findings
JOHN KASPEREK CO., INC.PDF

Hoover-Schrum Memorial SD 157

2025Clean2 findings
John Kasperek Co., IncPDF
2024Clean7 findings
John Kasperek Co., IncPDF

Thornton Fractional Twp HSD 215

2025Clean
Wipfli LLPPDF
2024Clean
Wipfli LLPPDF

Statewide Context

Audit Results

69.3% of statewide districts received clean audit opinions

115 total material weaknesses statewide

Financial Health Distribution

Recognition: 730 (yours)
Review: 85
Early Warning: 16
Watch: 10

Statewide median score: 3.9

Showing most recent audit per district. Full audit history available with a paid plan. View plans →