ILLINOIS POLICE ASSOCIATION (EIN 362158895) - 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

1901

Legal Domicile

Principal Officer

CALVIN STEARNS

Phone

7084528332

Tax Period

2024-08-01 to 2025-07-31

ILLINOIS POLICE ASSOCIATION, founded in 1901, is a small nonprofit that reported $507K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $85K, a strong 17% operating margin.

Mission

CONSERVE AND PROTECT THE INTEREST OF ITS MEMBERS WHO ARE MADE UP OF CIVIL SERVICE WORKERS THROUGHOUT THE STATE. IT PROMOTES AND PROTECTS THE CIVIL SERVICE LAWS AND PENSION LAWS FOR ITS MEMBERS.

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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 $353,065

Program Service Revenue $0

Investment Income $135,946

Other Revenue $17,518

TOTAL REVENUE $506,529

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $53,208

Fundraising Expenses $175,587

Program Expenses $111,819

Other Expenses $130,173

TOTAL EXPENSES $421,968

Year-over-Year Comparison

	2024	2023	Change
Revenue	$506,529	$548,705	-0.1%
Expenses	$421,968	$500,981	-0.2%
Net Income	$84,561	$47,724	+0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN BYRNE	THIRD VICE P	1.00	Officer Director	$0	$0	$0
BRIAN KURATKO	SECOND VICE	5.00	Officer Director	$0	$0	$0
JOE SEYCHEL	FIRST VICE P	4.00	Officer Director	$0	$0	$0
CALVIN STEARNS	PRESIDENT	5.00	Officer Director	$0	$0	$0

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	$506,529	$421,968	$2,790,764	$84,561
2024	$548,705	$500,981	$2,575,161	$47,724
2023	$648,647	$629,439	$2,320,437	$19,208
2022	$789,009	$660,376	$2,207,252	$128,633
2021	$822,484	$708,935	$2,517,020	$113,549
2020	$899,416	$821,252	$2,057,687	$78,164
2019	$1,368,492	$1,211,212	$1,959,367	$157,280

ILLINOIS POLICE ASSOCIATION