IAR PLAZA INC (EIN 203844292) - Form 990 Financial Analysis & Trantor Score

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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

2005

Legal Domicile

Principal Officer

JEFFERY BAKER

Phone

2175292600

Tax Period

2024-01-01 to 2024-12-31

IAR PLAZA INC, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $570K in total revenue in fiscal year 2024. Expenses of $638K exceeded revenue, resulting in a 12% operating deficit.

Mission

OWN THE LAND AND BUILDING LOCATED AT 428 S. FIFTH STREET, 522 S. FIFTH STREET AND 435 S. SIXTH STREET, SPRINGFIELD, ILLINOIS FOR THE BENEFIT OF THE ILLINOIS ASSOCIATION OF REALTORS.

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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 $34,018

Program Service Revenue $522,000

Investment Income $14,319

Other Revenue $0

TOTAL REVENUE $570,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $638,079

TOTAL EXPENSES $638,079

Year-over-Year Comparison

	2024	2023	Change
Revenue	$570,337	$533,863	+0.1%
Expenses	$638,079	$627,824	+0.0%
Net Income	$-67,742	$-93,961	-0.3%

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

$602,130

Total Directors

$57,870

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOMMY CHOI	PRESIDENT	1.00	Officer Director	$0	$0	$29,623
JEFF KOLBUS	PRESIDENT	1.00	Officer Director	$0	$0	$23,088
DOMINIC CAMPO	DIRECTOR	1.00	Director	$0	$0	$0
KAREN KRAMFORD	DIRECTOR	1.00	Director	$0	$0	$0
MAX MCCOMB	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MYERS	DIRECTOR	1.00	Director	$0	$0	$0
SUZIE SABLES DUFF	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GRISSOM	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH PRODEHL	DIRECTOR	1.00	Director	$0	$0	$5,159
JEFFERY BAKER	SECRECTARY/TREASURER	1.00	Officer	$0	$31,371	$549,419

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	$570,337	$638,079	$6,114,538	$-67,742
2023	$533,863	$627,824	$6,178,787	$-93,961
2022	$526,319	$634,695	$6,271,435	$-108,376
2021	$525,842	$677,633	$6,376,183	$-151,791
2020	$523,163	$592,847	$6,507,558	$-69,684
2019	$524,604	$642,838	$6,604,593	$-118,234
2018	$757,574	$576,509	$6,730,364	$181,065

IAR PLAZA INC