Healthcare Engineers Society of No… - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

Brittany Remec

Phone

2057976278

Tax Period

2024-01-01 to 2024-12-31

Healthcare Engineers Society of Northern Illinois, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $191K in total revenue in fiscal year 2024.

Mission

To provide education and training for healthcare engineers

Program Service Accomplishments

Program 1

Expenses: $98,003

Annual and National Conference This event features nationally recognized speakers from the industry as well as regulatory agencies that impact healthcare facilities, safety and engineering.

Program 2

Expenses: $65,255

Continuing Education Credits Events are held periodically during the year to promote the members education and fulfill the licensing requirements.

Program 3

Expenses: $3,555

Scholarships and/or Donations Scholarships to engineering students who are in a program for healthcare engineering. Donations to environmental issues in the community.

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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 (2024)

Revenue Breakdown

Contributions & Grants $20,914

Program Service Revenue $90,639

Investment Income $18

Other Revenue $79,221

TOTAL REVENUE $190,792

Expense Breakdown

Grants Paid $3,555

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $166,813

Other Expenses $187,817

TOTAL EXPENSES $191,372

Year-over-Year Comparison

	2024	2023	Change
Revenue	$190,792	$177,139	+0.1%
Expenses	$191,372	$171,475	+0.1%
Net Income	$-580	$5,664	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gerardo Montano	Chair	004.00	Director	$0	$0	$0
Wendy Peterson	Chair	004.00	Director	$0	$0	$0
Tim Campbell	Chair	004.00	Director	$0	$0	$0
Kurt Martz	Chair	004.00	Director	$0	$0	$0
Meaghan Byrnes	Chair	004.00	Director	$0	$0	$0
Jessica Sherwood	Chair	004.00	Director	$0	$0	$0
Vince Shanahan	Chair	004.00	Director	$0	$0	$0
Laurence Wilson	Chair	004.00	Director	$0	$0	$0
Tim Shanahan	Chair	004.00	Director	$0	$0	$0
Brittany Remec	President	006.00	Officer	$0	$0	$0
Ryan Ollie	Past-President	004.00	Officer	$0	$0	$0
Robert Gunville	President-Elect	004.00	Officer	$0	$0	$0
Rachel Hutzel	Secretary	006.00	Officer	$0	$0	$0
Anne Guglielmo	Treasurer	006.00	Officer	$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	$190,792	$191,372	$188,689	$-580
2023	$177,139	$171,475	$189,269	$5,664
2022	$95,614	$152,692	$183,605	$-57,078
2021	$45,934	$103,736	$240,683	$-57,802
2020	$97,680	$45,163	$298,485	$52,517
2019	$122,182	$125,262	$245,968	$-3,080
2018	$143,152	$178,629	$249,048	$-35,477

Healthcare Engineers Society of Northern Illinois