Economic Alliance of Kankakee County Inc (EIN 262831810) - 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

2007

Phone

8159351177

Tax Period

2022-12-01 to 2023-11-30

Economic Alliance of Kanakee County Inc, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $294K in total revenue in fiscal year 2017. Expenses of $265K left a modest 10% surplus.

Mission

The Organization delivers services and activities to encourage and foster economic development in Kankakee County. The director and staff of the Organization are employees of Kankakee County. The salaries & related benefits costs are shared by the Organization and Kankakee County.

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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 (2022)

Revenue Breakdown

Contributions & Grants $138,236

Program Service Revenue $237,000

Investment Income $671

Other Revenue $0

TOTAL REVENUE $375,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $176,831

Fundraising Expenses $0

Program Expenses $237,677

Other Expenses $92,563

TOTAL EXPENSES $269,394

Year-over-Year Comparison

	2022	2021	Change
Revenue	$375,907	$336,669	+0.1%
Expenses	$269,394	$283,714	-0.1%
Net Income	$106,513	$52,955	+1.0%

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
Jeff Bennett	Vice Chairman	1.00	Officer Director	$0	$0	$0
Pat Martin	Director	1.00	Director	$0	$0	$0
Steve Magruder	Director	1.00	Director	$0	$0	$0
Bernie Anderson	Director	1.00	Director	$0	$0	$0
John McCann	Director	1.00	Director	$0	$0	$0
Phil Kambic	Director	1.00	Director	$0	$0	$0
Rosemary Foster	Director	1.00	Director	$0	$0	$0
Russell Tobey	Director	1.00	Director	$0	$0	$0
David Johns	Treasurer	1.00	Officer Director	$0	$0	$0
Ray Garcia	Director	1.00	Director	$0	$0	$0
Chad Miller	Director	1.00	Director	$0	$0	$0
Theodis Pace	Director	1.00	Director	$0	$0	$0
Dr Matt Vosberg	Director	1.00	Director	$0	$0	$0
Dr Michael Boyd	Chairman	1.00	Officer Director	$0	$0	$0
Jeff Hammes	Director	1.00	Director	$0	$0	$0
Maureen Powell	Director	1.00	Director	$0	$0	$0
Andrew Wheeler	Secretary	1.00	Officer Director	$0	$0	$0
Amanda Armer-Irps	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	$375,907	$269,394	$395,203	$106,513
2022	$336,669	$283,714	$253,818	$52,955
2021	$307,701	$256,462	$176,410	$51,239
2020	$288,100	$286,256	$171,117	$1,844
2019	$296,978	$304,461	$171,108	$-7,483
2018	$294,000	$265,462	$199,546	$28,538

Economic Alliance of Kankakee County Inc