ILLIDELL CO-OPERATIVE CORPORATION (EIN 237161236) - 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

1949

Legal Domicile

Principal Officer

THOMAS WARGEL

Phone

8154394113

Tax Period

2023-10-01 to 2024-09-30

ILLIDELL CO-OPERATIVE CORPORATION, founded in 1949, is a small nonprofit that reported $102K in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $56K, a strong 55% operating margin.

Mission

TO PROVIDE LOW COST ROOM AND BOARD TO STUDENTS OF THE COLLEGE OF AGRICULTURE AT THE UNIVERSITY OF ILLINOIS

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,200

Program Service Revenue $0

Investment Income $88,130

Other Revenue $7,636

TOTAL REVENUE $101,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $45,747

Other Expenses $45,747

TOTAL EXPENSES $45,747

Year-over-Year Comparison

	2023	2022	Change
Revenue	$101,966	$84,758	+0.2%
Expenses	$45,747	$36,719	+0.2%
Net Income	$56,219	$48,039	+0.2%

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
KEVIN O'CONNOR	PRESIDENT	1.00	Officer Director	$0	$0	$0
TERRY FELDMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS WARGEL	TREASURER	1.00	Officer Director	$0	$0	$0
GEOFF SCHROF	DIRECTOR	1.00	Director	$0	$0	$0
TYLER MARSH	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON MARSH	DIRECTOR	1.00	Director	$0	$0	$0
AARON SLACK	DIRECTOR	1.00	Director	$0	$0	$0
KINSER WARGEL	EXECUTIVE SECRETARY	1.00	Officer Director	$0	$0	$0
LARRY VOGLER	DIRECTOR	1.00	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
2024	$101,966	$45,747	$2,180,899	$56,219
2023	$84,758	$36,719	$1,911,042	$48,039
2022	$102,281	$13,035	$1,788,790	$89,246
2021	$77,574	$5,436	$2,072,132	$72,138
2020	$1,468,490	$49,983	$1,810,116	$1,418,507
2019	$50,543	$115,944	$372,018	$-65,401
2018	$100,182	$149,291	$437,419	$-49,109

ILLIDELL CO-OPERATIVE CORPORATION