ILLINOIS RURAL HEALTHNET (EIN 261899392) - 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

2008

Legal Domicile

Principal Officer

TRINA CASNER

Phone

3193643200

Tax Period

2023-01-01 to 2023-12-31

ILLINOIS RURAL HEALTHNET, founded in 2008, is a community nonprofit in the Public & Societal Benefit sector that reported $2.0M in total revenue in fiscal year 2023. Expenses of $2.9M exceeded revenue, resulting in a 45% operating deficit.

Mission

THE PURPOSE OF THE ILLINOIS RURAL HEALTHNET IS TO WORK COOPERATIVELY WITH ENTITIES WITHIN THE STATE OF ILLINOIS TO FACILITATE AND ASSIST IN THE IMPLEMENTATION OF HIGH-SPEED DATA TRANSMISSION FACILITIES FOR THE PROVISION OF ADVANCED TELECOMMUNICATIONS AND INFORMATION SERVICES TO PUBLIC AND NON-PROFIT HEALTH CARE PROVIDERS.

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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 $607,902

Program Service Revenue $1,404,408

Investment Income $21,631

Other Revenue $0

TOTAL REVENUE $2,033,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,828,642

Other Expenses $2,948,720

TOTAL EXPENSES $2,948,720

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,033,941	$1,972,548	+0.0%
Expenses	$2,948,720	$3,004,366	0.0%
Net Income	$-914,779	$-1,031,818	-0.1%

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
TRINA CASNER	PRESIDENT/CHAIRPERSON	1.00	Officer Director	$0	$0	$0
RAY GENSINGER	FORMER DIRECTOR	1.00	Director	$0	$0	$0
KEVIN GROSKREUTZ	DIRECTOR	1.00	Director	$0	$0	$0
VON LAMBERT	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JIM MORMANN	FORMER DIRECTOR	1.00	Director	$0	$0	$0
TYNAN O'NEIL	FORMER DIRECTOR	1.00	Director	$0	$0	$0
DENISE POPP	DIRECTOR	1.00	Director	$0	$0	$0
STACIE TAAK	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS TALCOTT	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	No data	No data	No data	No data
2023	$2,033,941	$2,948,720	$3,925,323	$-914,779
2022	$1,972,548	$3,004,366	$4,712,549	$-1,031,818
2021	$2,258,874	$3,087,054	$5,988,317	$-828,180
2020	$2,224,241	$3,743,112	$6,699,449	$-1,518,871
2019	$1,986,940	$3,574,510	$8,198,140	$-1,587,570
2018	$1,846,103	$3,731,294	$9,828,653	$-1,885,191

ILLINOIS RURAL HEALTHNET