ILLINOIS INSTITUTE FOR CONTINUING LEGAL EDUCATION (EIN 237003600) - 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

1968

Legal Domicile

Principal Officer

MEGAN MOORE

Phone

2177872080

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS INSTITUTE FOR CONTINUING LEGAL EDUCATION, founded in 1968, is a community nonprofit in the Education sector that reported $3.9M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $643K, a strong 17% operating margin.

Mission

TO PROVIDE CONTINUING LEGAL EDUCATION, TRAINING, AND PRACTICE TOOLS NEEDED TO MAINTAIN THE STANDARDS OF THE ILLINOIS LEGAL PROFESSION.

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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 $0

Program Service Revenue $3,603,498

Investment Income $264,074

Other Revenue $85

TOTAL REVENUE $3,867,657

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,023,651

Fundraising Expenses $0

Program Expenses $2,999,801

Other Expenses $1,200,666

TOTAL EXPENSES $3,224,317

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,867,657	$3,539,350	+0.1%
Expenses	$3,224,317	$3,090,084	+0.0%
Net Income	$643,340	$449,266	+0.4%

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

Volunteers

626

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
MR RICHARD MILLER	DIRECTOR	1.00	Director	$0	$0	$0
HONORABLE RONALD D SPEARS	CHAIR	1.00	Officer Director	$0	$0	$0
MS SONNI CHOI WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
MS AVA GEORGE STEWART	DIRECTOR	1.00	Director	$0	$0	$0
MR UPNEET S TEJI	SECRETARY	1.00	Officer Director	$0	$0	$0
MR HAL R MORRIS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MR RAY J KOENIG III	DIRECTOR	1.00	Director	$0	$0	$0
MS AURORA AUSTRIACO	DIRECTOR	1.00	Director	$0	$0	$0
MR BRADLEY L COHN	PAST CHAIR	1.00	Director	$0	$0	$0
MS ELIZABETH GARLOVSKY	DIRECTOR	1.00	Director	$0	$0	$0
MS JULIE TAPPENDORF	DIRECTOR	1.00	Director	$0	$0	$0
MS STACY E SINGER	TREASURER	1.00	Officer Director	$0	$0	$0
MS HEATHER E VOORN	DIRECTOR	1.00	Director	$0	$0	$0
MS KATHRYN HARTRICK	DIRECTOR	1.00	Director	$0	$0	$0
MR BRIAN ROSENBLATT	DIRECTOR	1.00	Director	$0	$0	$0
MR MITCH GORDON	DIRECTOR	1.00	Director	$0	$0	$0
MS AMY L MCFADDEN	CO-EXECUTIVE DIRECTOR	37.50	Highest	$180,005	$21,149	$201,154
MS MEGAN K MOORE	CO-EXECUTIVE DIRECTOR	37.50	Highest	$185,555	$20,652	$206,207

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	$3,867,657	$3,224,317	$8,809,596	$643,340
2023	$3,539,350	$3,090,084	$7,867,526	$449,266
2022	$3,995,461	$2,841,005	$6,262,984	$1,154,456
2021	$4,036,129	$2,656,680	$5,576,322	$1,379,449
2020	$3,686,287	$2,923,840	$4,279,321	$762,447
2019	$3,809,786	$3,365,094	$3,393,157	$444,692
2018	$3,549,214	$3,270,453	$2,725,134	$278,761

ILLINOIS INSTITUTE FOR CONTINUING LEGAL EDUCATION