INSTITUTE FOR INCLUSION IN THE LEGAL PROFESSION

EIN: 270888460 501(c)(3) Education

CHICAGO, IL

Total Revenue
$361,253
Total Expenses
$410,835
Total Assets
$289,410
Net Assets
$289,410
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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
2009
Legal Domicile
IL
Principal Officer
SANDRA S YAMATE
Phone
3126285885
Tax Period
2024-01-01 to 2024-12-31

INSTITUTE FOR INCLUSION IN THE LEGAL PROFESSION, founded in 2009, is a small nonprofit in the Education sector that reported $361K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $411K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE INSTITUTE FOR INCLUSION IN THE LEGAL PROFESSION ("IILP") PROVIDES THE PROFESSION WITH A UNIQUE SET OF EMPIRICAL TOOLS TO FACILITATE A MORE DIVERSE, EQUITABLE, AND INCLUSIVE LEGAL PROFESSION THAT IS REFLECTIVE OF THE SOCIETY WHICH IT SERVES. ITS MAJOR PROGRAMS INCLUDE EDUCATIONAL PROGRAMS, RESEARCH, AND PUBLICATIONS THAT INSPIRE THE PROFESSION TO THINK ABOUT, AND APPROACH, ITS PERSISTENT CHALLENGES IN NEW WAYS. IILP WILL DRIVE REAL PROGRESS THROUGH COMPREHENSIVE OUTREACH AND ORIGINAL PROGRAMMING TO REPLACE BARRIERS WITH BRIDGES BETWEEN LEGAL, JUDICIAL, PROFESSIONAL, EDUCATIONAL, AND GOVERNMENTAL INSTITUTIONS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $299,300
Program Service Revenue $56,133
Investment Income $5,820
Other Revenue $0
TOTAL REVENUE $361,253

Expense Breakdown

Grants Paid $0
Salaries & Benefits $249,775
Fundraising Expenses $22,677
Program Expenses $290,333
Other Expenses $161,060
TOTAL EXPENSES $410,835

Year-over-Year Comparison

2024 2023 Change
Revenue $361,253 $392,917 -0.1%
Expenses $410,835 $356,428 +0.2%
Net Income $-49,582 $36,489 -2.4%
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

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Governance

Voting Members
16
Independent Members
15
Employees
N/A
Volunteers
100

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
5
$92,591
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE R BYRD CHAIR 1.00
Officer Director
$0 $0 $0
BRIAN W DUWE SECRETARY 1.00
Officer Director
$0 $0 $0
KIM D HOGREFE BOARD MEMBER 1.00
Director
$0 $0 $0
FLOYD HOLLOWAY JR BOARD MEMBER 1.00
Director
$0 $0 $0
SHARON E JONES BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN H MATHIAS JR BOARD MEMBER 1.00
Director
$0 $0 $0
MADELEINE MCDONOUGH BOARD MEMBER 1.00
Director
$0 $0 $0
LORRAINE MCGOWEN TREASURER 1.00
Officer Director
$0 $0 $0
WILLIE J MILLER JR BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL J WAGNER BOARD MEMBER 1.00
Director
$0 $0 $0
HON E KENNETH WRIGHT JR BOARD MEMBER 1.00
Director
$0 $0 $0
ELISA D GARCIA C BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL A HATFIELD JR BOARD MEMBER 1.00
Director
$0 $0 $0
TERRENCE M MURPHY TREASURER 1.00
Officer Director
$0 $0 $0
LISA MARTINEZ WOLMART BOARD MEMBER 1.00
Director
$0 $0 $0
MARC S FIRESTONE CHAIR EMERITUS 1.00
Director
$0 $0 $0
SANDRA S YAMATE CEO 40.00
Officer
$92,308 $283 $92,591
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 $361,253 $410,835 $289,410 $-49,582
2023 $392,917 $356,428 $343,992 $36,489
2022 $445,966 $302,358 $302,503 $143,608
2021 $251,835 $111,851 $158,895 $139,984
2020 $168,709 $151,182 $98,532 $17,527
2019 $206,940 $183,231 $81,005 $23,709
2018 $184,225 $155,567 $57,296 $28,658
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