THE MANAGEMENT ASSOCIATION OF ILLINOIS (EIN 361524310) - 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

1977

Legal Domicile

Principal Officer

MARY LYNN FAYOUMI

Phone

6309637600

Tax Period

2023-07-01 to 2024-06-30

THE MANAGEMENT ASSOCIATION OF ILLINOIS, founded in 1977, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE MANAGEMENT ASSOCIATION OF ILLINOIS IS A TRUSTED SOURCE OF PEOPLE MANAGEMENT EXPERTISE WORKING TO IMPROVE THE PERFORMANCE OF THE ORGANIZATIONS WE SERVE; THE ORGANIZATION PROVIDES TO ITS MEMBERS TRAINING, EDUCATION, HR SUPPORT AND OTHER RELATED MEMBER SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,200,792

Investment Income $179,714

Other Revenue $373,509

TOTAL REVENUE $4,754,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,459,782

Fundraising Expenses $0

Other Expenses $1,390,410

TOTAL EXPENSES $4,850,192

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,754,015	$4,337,430	+0.1%
Expenses	$4,850,192	$4,397,002	+0.1%
Net Income	$-96,177	$-59,572	+0.6%

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

$913,473

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIELLE CANUP	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
BRYAN GURNEY	DIRECTOR-PAST	0.50	Director	$0	$0	$0
THERESA NIHILL	VICE CHAIRPERSON	0.50	Officer Director	$0	$0	$0
RON ADAMS	PAST CHAIRPERSON	0.50	Officer Director	$0	$0	$0
PAULI UNDESSER	VICE CHAIRPERSON - PAST	0.50	Director	$0	$0	$0
MARY LYNN FAYOUMI	PRESIDENT & CEO	37.00	Officer	$364,582	$59,182	$423,764
KEVIN MENZER	CHIEF OPERATING OFFICER	37.00	Officer	$148,567	$30,178	$178,745
KELLY HAYDEN	CHIEF LEGAL COUNSEL	36.00	Officer	$176,509	$14,565	$191,074
JULIE BELLOLI	CHIEF EXPERIENCE OFFICER	37.00	Officer	$87,188	$32,702	$119,890
KEVIN COSTELLO	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT CROWE	DIRECTOR	0.50	Director	$0	$0	$0
SU REYNDERS	DIRECTOR	0.50	Director	$0	$0	$0
SUSIE KURUVILLA	DIRECTOR	0.50	Director	$0	$0	$0
BOB MOORE	DIRECTOR	0.50	Director	$0	$0	$0
APRIL REDZIC	DIRECTOR	0.50	Director	$0	$0	$0
AARON SKOG	DIRECTOR	0.50	Director	$0	$0	$0
ANGELA ADAMS	DIRECTOR, EEO & COMPLIANCE SOLUTIONS	37.00	Highest	$139,340	$30,486	$169,826
STEPHANIE DORNING	EMPLOYMENT LAW COUNSEL	37.00	Highest	$128,043	$19,873	$147,916
SONAL SHAH	ASSISTANT DIRECTOR, EMPLOYMENT LAW SERVICES	37.00	Highest	$116,836	$34,777	$151,613
JACKIE THROOP	DIRECTOR, OUTSOURCED HR & RECRUITING SERVICES	37.00	Highest	$123,463	$36,703	$160,166
KATHRYN O'CONNOR	DIRECTOR, COMPENSATION SERVICES	37.00	Highest	$147,917	$29,451	$177,368

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	No data	No data	No data	No data
2024	$4,754,015	$4,850,192	$5,971,848	$-96,177
2023	$4,337,430	$4,397,002	$5,783,118	$-59,572
2022	$3,745,951	$3,631,601	$5,503,827	$114,350
2021	$4,141,374	$3,347,087	$5,712,885	$794,287
2020	$3,750,007	$3,954,266	$4,446,966	$-204,259
2019	$3,862,061	$3,923,551	$4,857,059	$-61,490
2018	$4,013,036	$4,016,876	$4,648,625	$-3,840

THE MANAGEMENT ASSOCIATION OF ILLINOIS