Illinois Manufactured Housing Association (EIN 362231845) - 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

1949

Legal Domicile

Principal Officer

Frank Bowman

Phone

2175283423

Tax Period

2024-01-01 to 2024-12-31

Illinois Manufactured Housing Association, founded in 1949, is a small nonprofit that reported $304K in total revenue in fiscal year 2018. Revenue decreased 9% compared to the prior year. Expenses of $276K left a modest 9% surplus.

Mission

To promote manufactured housing 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 $0

Program Service Revenue $309,973

Investment Income $48,253

Other Revenue $0

TOTAL REVENUE $358,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $401,095

TOTAL EXPENSES $401,095

Year-over-Year Comparison

	2024	2023	Change
Revenue	$358,226	$366,068	0.0%
Expenses	$401,095	$321,421	+0.2%
Net Income	$-42,869	$44,647	-2.0%

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

N/A

Volunteers

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

$168,990

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ron Steed	Chairman	1.00	Officer Director	$0	$0	$0
James McCaughan	Director	1.00	Director	$0	$0	$0
Jasen Miller	Secretary	1.00	Officer Director	$0	$0	$0
TJ Taylor	Treasurer	1.00	Officer Director	$0	$0	$0
Dan Malin	Director	1.00	Director	$0	$0	$0
John Medernach	Director	1.00	Director	$0	$0	$0
Ryan Mantey	Director	1.00	Director	$0	$0	$0
Margo Napoles	Vice Chair	1.00	Officer Director	$0	$0	$0
Joseph Longo	Director	1.00	Director	$0	$0	$0
David Combs	Director	1.00	Director	$0	$0	$0
Eric Cogdill	Director	1.00	Director	$0	$0	$0
Ryan Schutz	Director	1.00	Director	$0	$0	$0
George Gudgeon	Director	1.00	Director	$0	$0	$0
Frank Bowman	Executive Director	40.00	Officer	$168,990	$0	$168,990

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	$358,226	$401,095	$882,313	$-42,869
2023	$366,068	$321,421	$875,964	$44,647
2022	$292,444	$278,974	$841,098	$13,470
2021	$357,033	$268,471	$914,856	$88,562
2020	$333,415	$261,382	$828,032	$72,033
2019	$337,453	$243,618	$743,832	$93,835
2018	$304,346	$275,901	$675,383	$28,445

Illinois Manufactured Housing Association