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Audits & Financial Healthi

FACNCES

7

Districts

4/4

Clean Audits

6/7

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

Bremen CHSD 228Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score3.90 / 4.0

Better than 47% of districts statewide

Flossmoor SD 161Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score3.90 / 4.0

Better than 47% of districts statewide

Hazel Crest SD 152-5Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score4.00 / 4.0

Better than 66% of districts statewide

Homewood Flossmoor CHSD 233Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score3.90 / 4.0

Better than 47% of districts statewide

Homewood SD 153Caution

Potential concerns — some financial indicators are declining

Financial Profile Score3.00 / 4.0

Better than 2% of districts statewide

Prairie-Hills ESD 144Healthy

Strong financial position — well-managed reserves and spending

Financial Profile Score3.70 / 4.0

Better than 27% 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

Hazel Crest SD 152-5Clean

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

Clean years

10 of 10

Total audits

10

Homewood SD 153Clean

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

Clean years

9 of 9

Total audits

9

Flossmoor SD 161Clean

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

Clean years

9 of 9

Total audits

9

Homewood Flossmoor CHSD 233Clean

Most recent audit found no significant issues. Clean audits in 7 of 7 years (100%).

Clean years

7 of 7

Total audits

7

Audit Timelinei

Hazel Crest SD 152-5

2025Clean1 finding
John Kasperek Co., IncPDF
2024Clean16 findings
John Kasperek Co., IncPDF

Homewood SD 153

2024Clean5 findings
Wipfli LLPPDF
2023Clean
Wipfli, LLPPDF

Flossmoor SD 161

2024Clean24 findings
RSM US LLPPDF
2023Clean
RSM US LLPPDF

Homewood Flossmoor CHSD 233

2025Clean
LAUTERBACH & AMEN LLPPDF
2024Clean
LAUTERBACH & AMEN 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 (yours)
Watch: 10

Statewide median score: 3.9

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