IFPA RETIREE VEBA TRUST C/O ILLINOIS FAIR PLAN ASSOCIATION (EIN 326528294) - 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

2018

Legal Domicile

Principal Officer

JOSEPH A HATHAWAY

Phone

3128610385

Tax Period

2025-01-01 to 2025-12-31

IFPA RETIREE VEBA TRUST C/O ILLINOIS FAIR PLAN ASSOCIATION, founded in 2018, is a micro nonprofit in the Mutual Benefit sector that reported $82K in total revenue in fiscal year 2025. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $184K exceeded revenue, resulting in a 124% operating deficit.

Mission

VOLUNTEER ASSOCIATION USED AS A FUNDING VEHICLE, PROVIDING REIMBURSEMENTS TO RETIREES OF THE IFPA.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $82,281

Other Revenue $0

TOTAL REVENUE $82,281

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $28,619

TOTAL EXPENSES $184,375

Year-over-Year Comparison

	2025	2024	Change
Revenue	$82,281	$145,198	-0.4%
Expenses	$184,375	$149,822	+0.2%
Net Income	$-102,094	$-4,624	+21.1%

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

N/A

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

$334,062

Total Directors

$334,062

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH HATHAWAY	TRUSTEE	0.50	Officer Director	$0	$90,056	$334,062
LOIDA GUERRA	TRUSTEE	0.50	Director	$0	$0	$0
SNEHAL PANDYA	TRUSTEE	0.50	Director	$0	$0	$0
N/A	TRUSTEE	0.50		$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	$82,281	$184,375	$2,483,936	$-102,094
2024	$145,198	$149,822	$2,335,413	$-4,624
2023	$51,228	$147,690	$2,310,648	$-96,462
2022	$471,932	$75,802	$2,215,876	$396,130
2021	$472,343	$22,553	$2,127,872	$449,790
2020	$595,895	$30,439	$1,625,797	$565,456
2019	$309,939	$30,080	$1,071,727	$279,859
2018	$751,893	$21	$749,361	$751,872

IFPA RETIREE VEBA TRUST C/O ILLINOIS FAIR PLAN ASSOCIATION