ILLINOIS FOOD RETAILERS ASSN

EIN: 362125202

LOMBARD, IL

Total Revenue
$409,695
Total Expenses
$536,247
Total Assets
$2,004,738
Net Assets
$1,861,564
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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
1925
Legal Domicile
IL
Principal Officer
RICHARD NIEMAN JR
Phone
6306278100
Tax Period
2018-09-01 to 2019-08-31

ILLINOIS FOOD RETAILERS ASSN, founded in 1925, is a small nonprofit that reported $410K in total revenue in fiscal year 2018. Revenue decreased 6% compared to the prior year. Expenses of $536K exceeded revenue, resulting in a 31% operating deficit.

Mission

TRADE ASSOCIATION

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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 (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $355,897
Investment Income $53,798
Other Revenue $0
TOTAL REVENUE $409,695

Expense Breakdown

Grants Paid $0
Salaries & Benefits $293,241
Fundraising Expenses $0
Other Expenses $243,006
TOTAL EXPENSES $536,247

Year-over-Year Comparison

2018 2017 Change
Revenue $409,695 $438,062 -0.1%
Expenses $536,247 $496,764 +0.1%
Net Income $-126,552 $-58,702 +1.2%
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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Governance

Voting Members
46
Independent Members
46
Employees
5
Volunteers
31

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
6
$160,459
Total Directors
46
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ART POTASH DIRECTOR 1.54
Director
$0 $0 $0
BILL TARANT DIRECTOR N/A
Director
$0 $0 $0
BRIAN STEFFEN DIRECTOR 0.23
Director
$0 $0 $0
CRAIG KENT DIRECTOR N/A
Director
$0 $0 $0
CRAIG RIECKS DIRECTOR 0.23
Director
$0 $0 $0
DAN ONEILL DIRECTOR 0.54
Director
$0 $0 $0
DAN DOUGHTY DIRECTOR N/A
Director
$0 $0 $0
DAVE JACKSON DIRECTOR 0.92
Director
$0 $0 $0
DON NORRENBERNS DIRECTOR N/A
Director
$0 $0 $0
FRANK GAMBINO DIRECTOR 0.19
Director
$0 $0 $0
FRANK LOMORO VICE CHAIRMA 0.92
Officer Director
$0 $0 $0
GERALD WHITE DIRECTOR N/A
Director
$0 $0 $0
HAROLD BECKER DIRECTOR N/A
Director
$0 $0 $0
JAMES ROBERTSON DIRECTOR N/A
Director
$0 $0 $0
JEFF GRAY DIRECTOR 0.23
Director
$0 $0 $0
JERRY SHAWGO DIRECTOR N/A
Director
$0 $0 $0
JIM HARRISON DIRECTOR N/A
Director
$0 $0 $0
JOHN LAGESTEE DIRECTOR N/A
Director
$0 $0 $0
KATHY CHRISTENSEN DIRECTOR 0.92
Director
$0 $0 $0
KEN CASACCIO VICE CHAIRMA 1.54
Officer Director
$0 $0 $0
GOLAN MOR DIRECTOR N/A
Director
$0 $0 $0
LARRY TOBIAS VICE CHAIRMA 0.54
Officer Director
$0 $0 $0
LUKE KOTARA DIRECTOR 0.92
Director
$0 $0 $0
MARK RICHARDS DIRECTOR N/A
Director
$0 $0 $0
MARTIN SANDOVAL DIRECTOR 1.15
Director
$0 $0 $0
MIKE MCGROGAN DIRECTOR N/A
Director
$0 $0 $0
MELVIN POTASH DIRECTOR N/A
Director
$0 $0 $0
MARY BETH HART DIRECTOR 0.23
Director
$0 $0 $0
ANDY GUZAUSKAS DIRECTOR 0.38
Director
$0 $0 $0
MARK GRUBE DIRECTOR N/A
Director
$0 $0 $0
RICHARD NIEMAN JR DIRECTOR 2.02
Officer Director
$0 $0 $0
PHIL SALERNO TREASURER 0.92
Officer Director
$0 $0 $0
RANDY VASEL DIRECTOR 0.23
Director
$0 $0 $0
RON LUDWIGSON DIRECTOR N/A
Director
$0 $0 $0
PAUL LENCIONI DIRECTOR N/A
Director
$0 $0 $0
TESSA WIEGMAN DIRECTOR N/A
Director
$0 $0 $0
TOM BAFFES DIRECTOR 0.23
Director
$0 $0 $0
TONY INGRAFFIA DIRECTOR N/A
Director
$0 $0 $0
WAYNE HALL DIRECTOR 0.92
Director
$0 $0 $0
TODD MARTIN DIRECTOR 0.23
Director
$0 $0 $0
MIKE CORCORAN DIRECTOR 0.19
Director
$0 $0 $0
KERRY LAVELLE DIRECTOR 0.23
Director
$0 $0 $0
JEFF STRACK DIRECTOR N/A
Director
$0 $0 $0
DON SYMONDS DIRECTOR 0.23
Director
$0 $0 $0
JACK PORTER DIRECTOR 0.23
Director
$0 $0 $0
DAVE RYMAN DIRECTOR 0.54
Director
$0 $0 $0
BRIAN JORDAN PRESIDENT 32.00
Officer
$93,283 $29,280 $160,459
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
2019 $409,695 $536,247 $2,004,738 $-126,552
2018 $438,062 $496,764 $2,196,219 $-58,702
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