ILLINOIS FIBER RESOURCES GROUP NFP (EIN 274791791) - 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

2011

Legal Domicile

Phone

3128059271

Tax Period

2023-01-01 to 2023-12-31

ILLINOIS FIBER RESOURCES GROUP NFP, founded in 2011, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $7.2M exceeded revenue, resulting in a 132% operating deficit.

Mission

BUILD AND MAINTAIN INFRASTRUCTURE FOR HIGH-SPEED INTERNET ACCESS TO CERTAIN AREAS IN THE STATE OF ILLINOIS, AND FOR CERTAIN GOVERNMENTAL AND NOT-FOR-PROFIT ENTITIES.

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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 $3,108,014

Investment Income $3,278

Other Revenue $0

TOTAL REVENUE $3,111,292

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,833,607

Other Expenses $7,204,538

TOTAL EXPENSES $7,204,538

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,111,292	$2,811,224	+0.1%
Expenses	$7,204,538	$6,230,475	+0.2%
Net Income	$-4,093,246	$-3,419,251	+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
N/A	DIRECTOR/CHAIR	0.5	Officer Director	$0	$0	$0
N/A	DIRECTOR/VICE CHAIR	0.5	Officer Director	$0	$0	$0
N/A	DIRECTOR	0.5	Director	$0	$0	$0
N/A	DIRECTOR	0.5	Director	$0	$0	$0
N/A	DIRECTOR	0.5	Director	$0	$0	$0
N/A	DIRECTOR/TREASURER	0.5	Director	$0	$0	$0
N/A	DIRECTOR	0.5	Director	$0	$0	$0
N/A	DIRECTOR	0.5	Director	$0	$0	$0
N/A	EXECUTIVE DIRECTOR	10.0	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
2024	No data	No data	No data	No data
2023	$3,111,292	$7,204,538	$32,387,842	$-4,093,246
2022	$2,811,224	$6,230,475	$36,196,890	$-3,419,251
2021	$3,347,168	$5,842,658	$36,396,135	$-2,495,490
2020	$3,367,341	$5,724,500	$39,383,991	$-2,357,159
2019	$5,183,746	$5,552,114	$44,480,066	$-368,368
2018	$3,085,604	$5,371,458	$48,015,664	$-2,285,854

ILLINOIS FIBER RESOURCES GROUP NFP