ILLINOIS RESTAURANT ASSOCIATION (EIN 360904760) - 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

1914

Legal Domicile

Principal Officer

SAM TOIA

Phone

3127874000

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS RESTAURANT ASSOCIATION, founded in 1914, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2024.

Mission

FOUNDED IN 1914, THE ILLINOIS RESTAURANT ASSOCIATION IS A NON-PROFIT ORGANIZATION DEDICATED TO PROMOTING, PROTECTING, EDUCATING AND IMPROVING THE RESTAURANT INDUSTRY IN ILLINOIS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $685,008

Program Service Revenue $2,669,790

Investment Income $268,682

Other Revenue $378,689

TOTAL REVENUE $4,002,169

Expense Breakdown

Grants Paid $338,550

Salaries & Benefits $2,448,568

Fundraising Expenses $0

Other Expenses $1,102,555

TOTAL EXPENSES $3,889,673

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,002,169	$3,999,453	+0.0%
Expenses	$3,889,673	$3,831,302	+0.0%
Net Income	$112,496	$168,151	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$1,096,944

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEANNA CHANG	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
STEVEN HARTENSTEIN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CLODAGH LAWLESS	CORPORATE SECRETARY	1.00	Officer Director	$0	$0	$0
TONY PRIOLO	DIRECTOR	1.00	Director	$0	$0	$0
MIKE THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
FARAZ SARDHARIA	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE DURPETTI	DIRECTOR	1.00	Director	$0	$0	$0
DAN RASKIN	DIRECTOR	1.00	Director	$0	$0	$0
KORINA SANCHEZ	DIRECTOR	1.00	Director	$0	$0	$0
ED HEBSON	DIRECTOR	1.00	Director	$0	$0	$0
ERIC WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
MARIO PONCE	DIRECTOR	1.00	Director	$0	$0	$0
MARISHONTA WILKERSON	DIRECTOR	1.00	Director	$0	$0	$0
MATT MENNA	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK WARTAN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SCHUPBACH	DIRECTOR	1.00	Director	$0	$0	$0
MIKE TELESKY	DIRECTOR	1.00	Director	$0	$0	$0
TIM MCGRAIL	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN BOEHM	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA GONZALEZ	DIRECTOR	1.00	Director	$0	$0	$0
BILL CARLSON	DIRECTOR	1.00	Director	$0	$0	$0
BILLY LAWLESS JR	DIRECTOR	1.00	Director	$0	$0	$0
BRAD MAHER	DIRECTOR	1.00	Director	$0	$0	$0
CARMEN ROSSI	DIRECTOR	1.00	Director	$0	$0	$0
KAREN CONN	DIRECTOR	1.00	Director	$0	$0	$0
DAVE CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
ADAM GEWANTER	DIRECTOR	1.00	Director	$0	$0	$0
DONNIE MADIA	DIRECTOR	1.00	Director	$0	$0	$0
JIM DONEY	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT WEINER	FIRST VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
KEVIN VAUGHAN	IMMEDIATE PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
LIZ LOMBARDO	SECOND VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CARIN STUTZ	TREASURER	1.00	Officer Director	$0	$0	$0
MARY KAY BONOMA	CHIEF OPERATING OFFICER	40.00	Officer	$381,399	$19,368	$400,767
SAM TOIA	PRESIDENT & CEO	60.00	Officer	$468,450	$20,836	$489,286
JEAN SCHMID	VICE PRESIDENT OF FINANCE	40.00	Officer	$190,956	$15,935	$206,891
MARY WILKIE	DIRECTOR OF EDUCATION	60.00	Highest	$134,368	$4,434	$138,802
LESLIE DELWORTH	VP OF SPECIAL EVENTS	40.00	Highest	$153,671	$10,422	$164,093

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	$4,002,169	$3,889,673	$5,488,583	$112,496
2023	$3,999,453	$3,831,302	$5,628,640	$168,151
2022	$3,419,281	$3,234,113	$5,572,583	$185,168
2021	$3,480,810	$2,871,408	$4,128,802	$609,402
2020	$2,379,578	$2,314,808	$3,241,134	$64,770
2019	$4,694,381	$4,749,311	$3,361,769	$-54,930
2018	$4,604,020	$4,588,751	$2,959,648	$15,269

ILLINOIS RESTAURANT ASSOCIATION