ILLINOIS FIRE & POLICE COMMISSIONERS ASSOCIATION (EIN 237445117) - 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

1959

Legal Domicile

Principal Officer

LINDA FAILING

Phone

6305711080

Tax Period

2023-07-01 to 2024-06-30

ILLINOIS FIRE & POLICE COMMISSIONERS ASSOCIATION, founded in 1959, is a small nonprofit that reported $180K in total revenue in fiscal year 2023. Expenses of $201K exceeded revenue, resulting in a 12% operating deficit.

Mission

CONTINUING EDUCATION FOR FIRE AND POLICE OFFICERS IN THE STATE 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 $0

Program Service Revenue $173,273

Investment Income $3,488

Other Revenue $2,813

TOTAL REVENUE $179,574

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $200,732

Other Expenses $200,732

TOTAL EXPENSES $200,732

Year-over-Year Comparison

	2023	2022	Change
Revenue	$179,574	$185,282	0.0%
Expenses	$200,732	$225,538	-0.1%
Net Income	$-21,158	$-40,256	-0.5%

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
NELDA BYERS	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN FRANGELLA	TREASURER	1.00	Officer Director	$0	$0	$0
TOM HERBST	DIRECTOR	1.00	Director	$0	$0	$0
TOM KUCHARSKI	DIRECTOR	1.00	Director	$0	$0	$0
CHAD MAYALL	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY WHITE	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
MIKE PHILIPS	EXECUTIVE VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LINDA FAILING	EXECUTIVE DIRECTOR	40.00	Officer	$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	No data	No data	No data	No data
2024	$179,574	$200,732	$108,182	$-21,158
2023	$185,282	$225,538	$129,340	$-40,256
2022	$248,151	$226,017	$169,596	$22,134
2021	$118,009	$155,473	$147,462	$-37,464
2020	$201,080	$218,290	$184,926	$-17,210
2019	$221,203	$212,522	$214,892	$8,681
2018	$235,282	$227,434	$206,211	$7,848

ILLINOIS FIRE & POLICE COMMISSIONERS ASSOCIATION