BUSINESS COUNSEL INC

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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

1998

Legal Domicile

Principal Officer

ANDREW J MIROFF

Phone

9202739473

Tax Period

2025-01-01 to 2025-12-31

BUSINESS COUNSEL INC, founded in 1998, is a small nonprofit that reported $180K in total revenue in fiscal year 2025. Revenue decreased 13% compared to the prior year. Expenses of $171K left a modest 5% surplus.

Mission

ADVANCING THE FIELD OF BUSINESS LAW

Program Service Accomplishments

Program 1

THROUGH CONFERENCES AND MEETINGS AND THE DISSEMINATION OF CURRENT BUSINESS LAW CHANGES WE KEEP OUR MEMBERS CURRENT IN THE FIELD OF BUSINESS LAW.

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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 $87,000

Program Service Revenue $93,424

Investment Income $0

Other Revenue $0

TOTAL REVENUE $180,424

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $170,990

TOTAL EXPENSES $170,990

Year-over-Year Comparison

	2025	2024	Change
Revenue	$180,424	$206,549	-0.1%
Expenses	$170,990	$290,349	-0.4%
Net Income	$9,434	$-83,800	-1.1%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW J MIROFF ICE MILLER LLP	DIRECTOR, PRESIDENT	0.50	Officer Director	$0	$0	$0
JOHN KIRTLEY GODFREY KAHN SC	DIRECTOR	0.50	Officer Director	$0	$0	$0
WILLIAM R WARNE DOWNEY BRAND LLP	DIRECTOR, VICE PRESIDENT	0.50	Director	$0	$0	$0
DAVID ANDERSON BRYAN CAVE LEIGHTON	DIRECTOR	N/A	Director	$0	$0	$0
JENNIFER A KENEDY LOCKE LORD LLP	DIRECTOR	N/A	Director	$0	$0	$0
THOMAS F LANDERS SOLOMAN WARD	DIRECTOR	0.50	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
2025	$180,424	$170,990	$53,677	$9,434
2024	$206,549	$290,349	$39,868	$-83,800
2023	$159,726	$240,538	$123,668	$-80,812
2022	$133,650	$102,317	$204,480	$31,333
2021	$131,115	$188,378	$198,147	$-57,263
2020	$115,457	$117,821	$230,410	$-2,364
2019	$244,527	$285,021	$232,774	$-40,494
2018	$233,819	$329,088	$273,268	$-95,269