ILLINOIS ACADEMY OF FAMILY PHYSICIANS

EIN: 362150319

BOLINGBROOK, IL

Total Revenue
$2,877,043
Total Expenses
$2,538,765
Total Assets
$3,745,003
Net Assets
$3,238,174
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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
1951
Legal Domicile
IL
Principal Officer
JENNIFER O'LEARY
Phone
6304350257
Tax Period
2023-10-01 to 2024-09-30

ILLINOIS ACADEMY OF FAMILY PHYSICIANS, founded in 1951, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Expenses of $2.5M left a modest 12% surplus.

Mission

TO PROMOTE EXCELLENCE IN THE HEALTH AND WELL-BEING OF PEOPLE 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $867,190
Program Service Revenue $1,876,193
Investment Income $128,293
Other Revenue $5,367
TOTAL REVENUE $2,877,043

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,010,036
Fundraising Expenses $0
Other Expenses $1,394,810
TOTAL EXPENSES $2,538,765

Year-over-Year Comparison

2023 2022 Change
Revenue $2,877,043 $2,844,555 +0.0%
Expenses $2,538,765 $2,184,588 +0.2%
Net Income $338,278 $659,967 -0.5%
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
5
Volunteers
26

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
8
$581,959
Total Directors
19
$28,106
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EMMA DAISY CHAIR 0.50
Officer Director
$0 $0 $0
KATHLEEN ROWLAND PRESIDENT 0.50
Officer Director
$4,875 $0 $4,875
CORINNE KOHLER PRESIDENT ELECT 0.50
Officer Director
$8,050 $0 $8,050
SATINA WHEAT FIRST VICE PRESIDENT 0.50
Officer Director
$1,500 $0 $1,500
MUSTAFA ALAVI SECOND VICE PRESIDENT 0.50
Officer Director
$2,100 $0 $2,100
CHRISTINA WELLS TREASURER 0.50
Officer Director
$7,681 $0 $7,681
EUKESH RANJIT DIRECTOR 0.25
Director
$0 $0 $0
AARON NEWCOMB DIRECTOR 0.25
Director
$1,500 $0 $1,500
AVINASH MANTHA DIRECTOR 0.25
Director
$0 $0 $0
ASHLEY SCHAFER DIRECTOR 0.25
Director
$0 $0 $0
ERIC SULLIVAN DIRECTOR 0.25
Director
$0 $0 $0
JENNIFER THOMAS DIRECTOR 0.25
Director
$0 $0 $0
ALEXA MARTIN DIRECTOR 0.25
Director
$0 $0 $0
REBECCA MADDRELL DIRECTOR 0.25
Director
$0 $0 $0
SYDNEY DOE DIRECTOR 0.25
Director
$0 $0 $0
SAFIYA MCNEESE RUFFIN DIRECTOR 0.25
Director
$2,400 $0 $2,400
STEPHANI BEARD DIRECTOR 0.25
Director
$0 $0 $0
CHRISTOPHER VEAL DIRECTOR 0.25
Director
$0 $0 $0
NATALIE SMILEY DIRECTOR 0.25
Director
$0 $0 $0
JENNIFER O'LEARY CO-CEO CFO 40.00
Officer
$261,922 $16,556 $278,478
GORDANA KRKIC CO-CEO CAO 40.00
Officer
$253,582 $25,693 $279,275
KATHLEEN VALENTINE VICE PRESIDENT OF EDUCATION 40.00
Highest
$148,135 $16,211 $164,346
VIRGINIA FLYNN VICE PRESIDENT OF COMMUNICATION 40.00
Highest
$147,265 $8,663 $155,928
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 $2,877,043 $2,538,765 $3,745,003 $338,278
2023 $2,844,555 $2,184,588 $2,943,647 $659,967
2022 $3,210,965 $2,292,596 $2,029,305 $918,369
2021 $2,396,544 $1,762,613 $1,541,936 $633,931
2020 $1,571,618 $1,472,855 $1,023,153 $98,763
2019 $1,740,446 $1,899,664 $992,713 $-159,218
2018 $1,949,562 $2,099,101 $1,015,839 $-149,539
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