Illinois Trucking Association Inc

EIN: 360884130

Joliet, IL

Total Revenue
$1,240,610
Total Expenses
$1,104,136
Total Assets
$1,199,927
Net Assets
$559,190
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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
1930
Legal Domicile
IL
Principal Officer
Matthew Hart
Phone
6306540884
Tax Period
2023-01-01 to 2023-12-31

Illinois Trucking Association Inc, founded in 1930, is a small nonprofit that reported $606K in total revenue in fiscal year 2018. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $742K exceeded revenue, resulting in a 23% operating deficit.

Mission

ITA is a trade organization dedicated to enhancing the effectiveness of its member companies by advocating sound public policies, providing excellence in education, training and information while promoting a safe, dependable and cost effective transportation system.

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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 (2023)

Revenue Breakdown

Contributions & Grants $642,178
Program Service Revenue $0
Investment Income $2,572
Other Revenue $595,860
TOTAL REVENUE $1,240,610

Expense Breakdown

Grants Paid $12,959
Salaries & Benefits $773,076
Fundraising Expenses $0
Other Expenses $318,101
TOTAL EXPENSES $1,104,136

Year-over-Year Comparison

2023 2022 Change
Revenue $1,240,610 $1,017,829 +0.2%
Expenses $1,104,136 $978,856 +0.1%
Net Income $136,474 $38,973 +2.5%
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
7
Independent Members
6
Employees
10
Volunteers
20

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
7
$279,217
Total Directors
7
$279,217
Key Employees
1
$279,217
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Matt Hart Executive Director 040.00
Officer Director Key Emp Highest
$249,093 $30,124 $279,217
Mike Burton Chairman of the Board 002.00
Officer Director
$0 $0 $0
Joe Newman 1st Vice President 002.00
Officer Director
$0 $0 $0
Eric Kiefer 3rd Vice President 002.00
Officer Director
$0 $0 $0
Brian Wasowicz President 002.00
Officer Director
$0 $0 $0
Adan Abarca 2nd Vice President 002.00
Officer Director
$0 $0 $0
Rachel Christensen Secretary/Treasurer 002.00
Officer 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 $1,240,610 $1,104,136 $1,199,927 $136,474
2022 $1,017,829 $978,856 $1,163,810 $38,973
2021 $770,761 $907,520 $981,373 $-136,759
2020 $851,995 $842,992 $1,040,682 $9,003
2019 $886,538 $869,829 $1,041,814 $16,709
2018 $605,667 $742,300 $1,013,800 $-136,633
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