ILLINOIS MANUFACTURERS' ASSOCIATION (EIN 361256610) - 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

1893

Legal Domicile

Principal Officer

MARK DENZLER

Phone

2175221240

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS MANUFACTURERS' ASSOCIATION, founded in 1893, is a mid-sized nonprofit that reported $11.5M in total revenue in fiscal year 2024. Revenue surged 68% from the prior year, signaling strong growth momentum.

Mission

TO STRENGTHEN THE ECONOMIC, SOCIAL, ENVIRONMENTAL AND GOVERNMENTAL CONDITIONS FOR MANUFACTURING AND ALLIED ENTERPRISES IN THE STATE OF 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 $5,668,650

Program Service Revenue $4,909,056

Investment Income $150,441

Other Revenue $771,888

TOTAL REVENUE $11,500,035

Expense Breakdown

Grants Paid $5,409,345

Salaries & Benefits $3,683,401

Fundraising Expenses $0

Other Expenses $2,174,971

TOTAL EXPENSES $11,267,717

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,500,035	$6,853,809	+0.7%
Expenses	$11,267,717	$6,649,963	+0.7%
Net Income	$232,318	$203,846	+0.1%

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

Employees

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

$1,022,640

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW FAVILLE	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA WASHINGTON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GRAHE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL NELSON JR	DIRECTOR	1.00	Director	$0	$0	$0
NATE BAGUIO	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK KENEFICK	DIRECTOR	1.00	Director	$0	$0	$0
PEDRO ROSARIO	DIRECTOR	1.00	Director	$0	$0	$0
RAY REDDICK	DIRECTOR	1.00	Director	$0	$0	$0
RENEE TOGHER	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
MATT TOTSCH	DIRECTOR	1.00	Director	$0	$0	$0
RICK DELAWDER	DIRECTOR	1.00	Director	$0	$0	$0
SEAN MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN KASE	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS G MERCIER	DIRECTOR	1.00	Director	$0	$0	$0
TIM SCHEETZ	DIRECTOR	1.00	Director	$0	$0	$0
TOBY BIELENBERG	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS WALTERS	DIRECTOR	1.00	Director	$0	$0	$0
TOM WELGE	TREASURER	1.00	Officer Director	$0	$0	$0
WES GARDOCKI	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL GARICH	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM M HICKEY JR	DIRECTOR	1.00	Director	$0	$0	$0
MARSHA SERLIN	DIRECTOR	1.00	Director	$0	$0	$0
JASON FRANCQUE	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SNELL	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS OBER	DIRECTOR	1.00	Director	$0	$0	$0
DR CRISTOBAL VALDEZ ED D	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH MATTHEWS	DIRECTOR	1.00	Director	$0	$0	$0
GILES MILLER	DIRECTOR	1.00	Director	$0	$0	$0
LINDA BOASMOND	DIRECTOR	1.00	Director	$0	$0	$0
GREG WEBB	DIRECTOR	1.00	Director	$0	$0	$0
BEN RISER	DIRECTOR	1.00	Director	$0	$0	$0
BARRY L MACLEAN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF AHRSTROM	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA A GARMON ESQ	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FREDERICK	DIRECTOR	1.00	Director	$0	$0	$0
JOHN KAISER	DIRECTOR	1.00	Director	$0	$0	$0
KARA DEMIRJIAN HUSS	VICE CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
KEITH CARMAN	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN TINSLEY GIVENS	DIRECTOR	1.00	Director	$0	$0	$0
LEROY HAGENBUCH	DIRECTOR	1.00	Director	$0	$0	$0
ANEESA MUTHANA	DIRECTOR	1.00	Director	$0	$0	$0
SARAH HARTWICK	VP, SECRETARY	37.50	Officer	$214,691	$12,882	$227,573
MARK DENZLER	PRESIDENT/CEO	18.75	Officer	$768,915	$26,152	$795,067
RANDY PRINCE	SENIOR BUSINESS DEVELOPMENT MGR	37.50	Highest	$170,405	$13,403	$183,808
DONOVAN GRIFFITH	DIRECTOR OF GOVERNMENT AFF	37.50	Highest	$238,550	$21,382	$259,932
GORDON HULTEN	COO	37.50	Highest	$281,842	$24,447	$306,289
PHILIP MCCALL	VICE PRESIDENT FINANCE/CFO	37.50	Highest	$301,216	$27,042	$328,258

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	$11,500,035	$11,267,717	$6,446,860	$232,318
2023	$6,853,809	$6,649,963	$6,002,648	$203,846
2022	$6,257,170	$5,932,455	$5,229,986	$324,715
2021	$4,277,706	$3,974,545	$4,802,110	$303,161
2020	$4,045,341	$3,633,896	$4,168,037	$411,445
2019	$4,099,497	$4,681,341	$3,631,179	$-581,844
2018	$3,708,256	$3,481,899	$4,238,198	$226,357

ILLINOIS MANUFACTURERS' ASSOCIATION