Illinois Health Information Manage… - 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

1970

Legal Domicile

Principal Officer

Elizabeth White

Phone

7852213146

Tax Period

2024-07-01 to 2025-06-30

Illinois Health Information Management Association, founded in 1970, is a small nonprofit that reported $138K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $173K exceeded revenue, resulting in a 25% operating deficit.

Mission

As the membership organization of health information management professionals, the ILHIMA fosters the professional development of its members through education and life long learning. These commitments promote quality health information for the benefit of the public, the health care consumers, providers and other users of clinical data.

Program Service Accomplishments

Program 1

Expenses: $48,369

In person annual meeting-Providing a forum to disseminate the latest developments in the field

Program 2

Expenses: $14,783

Website and publications-Broadcast emails and the website educates members and nonmembers on topics related to health information management.

Program 3

Expenses: $27,779

Seminars and workshops-Offer educational workshops and seminars addressing health information management issues.

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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 $104,065

Investment Income $31,840

Other Revenue $2,061

TOTAL REVENUE $137,966

Expense Breakdown

Grants Paid $12,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $108,322

Other Expenses $160,100

TOTAL EXPENSES $172,600

Year-over-Year Comparison

	2024	2023	Change
Revenue	$137,966	$151,598	-0.1%
Expenses	$172,600	$130,639	+0.3%
Net Income	$-34,634	$20,959	-2.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Octavia Altheimer	Advocacy Director	003.00	Director	$0	$0	$0
Jenna Bishop-Beall	President	005.00	Officer Director	$0	$0	$0
Angela Campbell	Lead Delegate	001.00	Director	$0	$0	$0
Lisa Campbell	President-Past	005.00	Officer Director	$0	$0	$0
Leah Grebner	Advocacy Director	003.00	Director	$0	$0	$0
Lalique Peterson	Education Director	005.00	Director	$0	$0	$0
Kimberly McGhee	Delegate	001.00	Director	$0	$0	$0
Kimberly Koehler	Education Director	003.00	Director	$0	$0	$0
Susan Freed	Advocacy Director	003.00	Director	$0	$0	$0
Elizabeth White	President-Elect	005.00	Officer 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	$137,966	$172,600	$1,070,950	$-34,634
2024	$151,598	$130,639	$1,080,494	$20,959
2023	$178,590	$211,670	$1,030,766	$-33,080
2022	$198,250	$153,548	$1,033,400	$44,702
2021	$161,003	$80,871	$1,091,770	$80,132
2020	$231,439	$227,444	$964,985	$3,995
2019	$208,469	$119,508	$993,451	$88,961

Illinois Health Information Management Association