COMMUNITY CURRENCY EXCHANGE ASSN OF IL INC

EIN: 360898466

SKOKIE, IL

Total Revenue
$353,765
Total Expenses
$255,428
Total Assets
$4,938,109
Net Assets
$1,109,247
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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

Principal Officer
JERRY TUFANO
Phone
8477598905
Tax Period
2025-01-01 to 2025-12-31

COMMUNITY CURRENCY EXCHANGE ASSN OF IL INC is a small nonprofit that reported $354K in total revenue in fiscal year 2025. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $98K, a strong 28% operating margin.

Mission

THE COMMUNITY CURRENCY EXCHANGE ASSOC OF ILL IS A MEMBER OF FINANCIAL SERVICES CENTERS OF AMERICA(FISCA), WHICH REPRESENTS 5000 CHECK CASHING AND FINANCIAL SERVICE CENTERS THROUGH THE COUNTRY AND IS A TRADE ASSOC FOR ILL CURRENCY EXCHANGES. THE LARGEST FUNCTION AND SERVICE PROGRAM IS COOP ADVERTISING.

Program Service Accomplishments

Program 1
Expenses: $38,221 Revenue: $50,988

ADVERTISING CURRENCY EXCHANGE SERVICES AVAILABLE TO THE PUBLIC.

Program 2
Expenses: $114,425 Revenue: $34,709

FINANCIAL SERVICES CENTER OF AMERICA DUES TO REPRESENT CURRENCY EXCHANGES AND OTHER REPRESENATION COSTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $269,369
Program Service Revenue $50,988
Investment Income $33,408
Other Revenue $0
TOTAL REVENUE $353,765

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,000
Fundraising Expenses $0
Program Expenses $152,646
Other Expenses $225,428
TOTAL EXPENSES $255,428

Year-over-Year Comparison

2025 2024 Change
Revenue $353,765 $405,943 -0.1%
Expenses $255,428 $258,052 0.0%
Net Income $98,337 $147,891 -0.3%
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
19
Independent Members
19
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
5
$30,000
Total Directors
18
$30,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERRY TUFANO PRESIDENT 10.00
Officer Director
$30,000 $0 $30,000
KIM ANDERSON DIRECTOR N/A
Director
$0 $0 $0
DAVID BARR VICE PRESIDE N/A
Officer Director
$0 $0 $0
MICHAEL BERGER DIRECTOR N/A
Director
$0 $0 $0
FRED BLUMENFELD DIRECTOR N/A
Director
$0 $0 $0
MICHAEL FACTOR DIRECTOR N/A
Director
$0 $0 $0
MAXWELL FISHER DIRECTOR N/A
Director
$0 $0 $0
MATTHEW GAGERMAN DIRECTOR N/A
Director
$0 $0 $0
PAUL GAGERMAN SECRETARY N/A
Officer Director
$0 $0 $0
MICHAEL HANS TREASURER N/A
Officer Director
$0 $0 $0
SCOTT HERSHMAN DIRECTOR N/A
Director
$0 $0 $0
JOHN IBERL EXECUTIVE DI N/A
Officer Director
$0 $0 $0
JON KLEIN DIRECTOR N/A
Director
$0 $0 $0
JON KLEIN DIRECTOR N/A
Director
$0 $0 $0
STEVE SCHOENBERG DIRECTOR N/A
Director
$0 $0 $0
HUGO SONNENSCHEIN DIRECTOR N/A
Director
$0 $0 $0
ANTHONY TUFANO DIRECTOR N/A
Director
$0 $0 $0
FRANK TUFANO DIRECTOR N/A
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
2025 $353,765 $255,428 $4,938,109 $98,337
2024 $405,943 $258,052 $4,565,155 $147,891
2023 $360,087 $264,412 $4,149,632 $95,675
2022 $348,903 $282,466 $3,748,037 $66,437
2021 $376,757 $328,951 $3,435,295 $47,806
2020 $433,109 $431,412 $3,310,895 $1,697
2019 $442,638 $495,242 $3,194,039 $-52,604
2018 $457,861 $594,103 $3,134,066 $-136,242
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