BUSINESS COUNSEL INC

EIN: 043423840

CHICAGO, IL

Total Revenue
$180,424
Total Expenses
$170,990
Total Assets
$53,677
Net Assets
$49,302
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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
IL
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

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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 $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

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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
8

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
6
$0
Key Employees
0
$0
Highest Compensated
0
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
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