LOGS Employee Benefit Plan

EIN: 203642680 Community Improvement

Bannockburn, IL

Total Revenue
$8,890,671
Total Expenses
$7,982,739
Total Assets
$4,189,135
Net Assets
$3,962,010
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
IL
Principal Officer
Mark Carey
Phone
8133195010
Tax Period
2023-01-01 to 2023-12-31

LOGS Employee Benefit Plan, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $8.9M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $8.0M left a modest 10% surplus.

Mission

The fund was created for the purpose of accumulating contributions made by the employees and their employer pursuant to the provisions of the underlying health plan and any contributions made by employees and their employer pursuant to a plan in order to provide welfare benefits for employees and beneficiaries as defined in the plan.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $6,828,465
Investment Income $0
Other Revenue $2,062,206
TOTAL REVENUE $8,890,671

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,030,506
TOTAL EXPENSES $7,982,739

Year-over-Year Comparison

2023 2022 Change
Revenue $8,890,671 $7,900,205 +0.1%
Expenses $7,982,739 $6,849,770 +0.2%
Net Income $907,932 $1,050,435 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
N/A
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
8
$2,717,081
Total Directors
2
$120,187
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gerald Shapiro Chairman 40.00
Officer Director
$0 $42,948 $63,328
David Kreisman Vice Chairman 40.00
Officer Director
$0 $38,770 $56,859
Jason Shapiro President 40.00
Officer
$0 $19,692 $606,914
Kay Schinker COO 40.00
Officer
$0 $18,551 $531,076
Mark Carey CFO 40.00
Officer
$0 $28,126 $572,677
Jacqueline Comeau CCO 40.00
Officer
$0 $20,631 $366,943
Christopher Phillips CLO 40.00
Officer
$0 $26,866 $415,567
Jamie Zelvin General Counsel 40.00
Officer
$0 $17,001 $103,717
Ronald Gache Vice Chair - Litigation 40.00
Highest
$0 $24,614 $543,115
Ilene Cooper VP, Operations - Foreclosure 40.00
Highest
$0 $3,356 $285,302
Matthew Murtland Vice Chair- Judicial Foreclosure 40.00
Highest
$0 $3,875 $241,775
Tom Paschen Senior VP, Title Operation 40.00
Highest
$0 $28,721 $255,234
Andrea Thompson VP, Operations - Bankruptcy 40.00
Highest
$0 $28,708 $269,322
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 No data No data No data No data
2023 $8,890,671 $7,982,739 $4,189,135 $907,932
2022 $7,900,205 $6,849,770 $2,946,814 $1,050,435
2021 $6,841,350 $5,911,621 $1,990,232 $929,729
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