ILLINOIS RETAIL MERCHANTS ASSOCIATION

EIN: 362352996

CHICAGO, IL

Total Revenue
$2,357,014
Total Expenses
$3,594,364
Total Assets
$4,672,840
Net Assets
$3,502,724
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
IL
Principal Officer
ROB KARR
Phone
3127264600
Tax Period
2023-01-01 to 2023-12-31

ILLINOIS RETAIL MERCHANTS ASSOCIATION, founded in 1957, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.6M exceeded revenue, resulting in a 52% operating deficit.

Mission

TO CONDUCT A COMMERCIAL, INDUSTRIAL, OR TRADE ASSOCIATION FOR THE BENEFIT OF PERSONS ENGAGED IN RETAIL TRADE IN THE STATE OF ILLINOIS.

Program Service Accomplishments

Program 1

THE ASSOCIATION CONDUCTED VARIOUS GOVERNMENT RELATIONS ACTIVITIES TO SUPPORT PUBLIC POLICIES ENABLING THE FREE MARKET SYSTEM TO OPERATE EFFICIENTLY AND OPPOSE THOSE THAT HINDER IT. ACTIVITIES...

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THE ASSOCIATION CONDUCTED VARIOUS GOVERNMENT RELATIONS ACTIVITIES TO SUPPORT PUBLIC POLICIES ENABLING THE FREE MARKET SYSTEM TO OPERATE EFFICIENTLY AND OPPOSE THOSE THAT HINDER IT. ACTIVITIES CONDUCTED RELATED TO STATE LAWS AND REGULATIONS AFFECTING AREAS SUCH AS BUSINESS LIABILITY, CONSUMER FRAUD, CREDIT AND FINANCE, EDUCATION, ENVIRONMENT AND UTILITIES, FOOD LIQUOR & TOBACCO, HEALTHCARE, LOSS PREVENTION, PERSONNEL, REGULATIONS AND LICENSING, TAXES, AND TRANSPORTATION.

Program 2

THE ASSOCIATION SPONSORED GROUP PURCHASING PROGRAMS FOR MEMBERS THAT PROVIDE FAVORABLE VENDOR PRICING AND SERVICES TO MEMBERS IN SUCH AREAS AS ELECTRICITY AND GAS PURCHASES.

Program 3

THE ASSOCIATION COMMUNICATED ON AN ONGOING BASIS WITH MEMBERS TO KEEP THEM AWARE OF LEGISLATIVE ISSUES. IT PUBLISHED A MONTHLY NEWSLETTER ("RETAIL REGISTER") DURING THE YEAR. IT PUBLISHED A WEEKLY...

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THE ASSOCIATION COMMUNICATED ON AN ONGOING BASIS WITH MEMBERS TO KEEP THEM AWARE OF LEGISLATIVE ISSUES. IT PUBLISHED A MONTHLY NEWSLETTER ("RETAIL REGISTER") DURING THE YEAR. IT PUBLISHED A WEEKLY NEWSLETTER, "THIS WEEK IN SPRINGFIELD" DURING THE ILLINOIS LEGISLATIVE SESSION. ITALSO PUBLISHED A MONTHLY NEWSLETTER "121" RELATED TO CHICAGO LEGISLATIVE DEVELOPMENTS. DURING LEGISLATIVE SESSION, IT ALSO CONDUCTED A WEEKLY GOVERNMENT RELATIONS CALL WITH MEMBERS TO DISCUSS LEGISLATIVE AND ADMINISTRATIVE PROPOSALS OF INTEREST TO RETAILERS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $146,407
Program Service Revenue $1,721,615
Investment Income $83,208
Other Revenue $405,784
TOTAL REVENUE $2,357,014

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,277,636
Fundraising Expenses $0
Other Expenses $2,316,728
TOTAL EXPENSES $3,594,364

Year-over-Year Comparison

2023 2022 Change
Revenue $2,357,014 $2,155,018 +0.1%
Expenses $3,594,364 $2,366,204 +0.5%
Net Income $-1,237,350 $-211,186 +4.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
27
Independent Members
27
Employees
9
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
5
$658,585
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ART POTASH CHAIRMAN 1.00
Officer Director
$0 $0 $0
ASHLI NELSON VICE CHAIR 1.00
Officer Director
$0 $0 $0
BOB JONES III SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
KATIE ANDRIOS DIRECTOR 1.00
Director
$0 $0 $0
JOEL BAISE DIRECTOR 1.00
Director
$0 $0 $0
CHARLENE BRANDT DIRECTOR 1.00
Director
$0 $0 $0
KEN CASACCIO DIRECTOR 1.00
Director
$0 $0 $0
JOHN CURLEY DIRECTOR 1.00
Director
$0 $0 $0
ALLISON DEROBERTS DIRECTOR 1.00
Director
$0 $0 $0
MARY ANN FRANK DIRECTOR 1.00
Director
$0 $0 $0
JIM HAVEY DIRECTOR 1.00
Director
$0 $0 $0
TRACEY HESTER DIRECTOR 1.00
Director
$0 $0 $0
PLATT HILL DIRECTOR 1.00
Director
$0 $0 $0
SEAN CONNOR DIRECTOR 1.00
Director
$0 $0 $0
LINDA JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
TIM LEHAN DIRECTOR 1.00
Director
$0 $0 $0
LARRY LEWIS JR DIRECTOR 1.00
Director
$0 $0 $0
FRANK LOMORO DIRECTOR 1.00
Director
$0 $0 $0
EMIL MAHLER DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW NOONAN III DIRECTOR 1.00
Director
$0 $0 $0
TYLER POWER DIRECTOR 1.00
Director
$0 $0 $0
AMANDA PUCK DIRECTOR 1.00
Director
$0 $0 $0
MARTIN SANDOVAL DIRECTOR 1.00
Director
$0 $0 $0
C J SCHNAKENBERG DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL SHUTLEY DIRECTOR 1.00
Director
$0 $0 $0
KEVIN THOMPSON DIRECTOR 1.00
Director
$0 $0 $0
MARY FRANCES TRUCCO DIRECTOR 1.00
Director
$0 $0 $0
ROBERT KARR PRESIDENT/CEO 40.00
Officer
$407,227 $42,516 $449,743
ALEXANDER LAIRD VP/GOVERNMENT RELATIONS 40.00
Officer
$186,800 $22,042 $208,842
BRIAN JORDAN IL FOOD COUNCIL DIRECTOR 40.00
Highest
$164,660 $16,074 $180,734
CHAUNCEY RICE MANAGER/GOVERNMENT RELATIO 40.00
Highest
$129,875 $6,333 $136,208
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 No data No data No data No data
2023 $2,357,014 $3,594,364 $4,672,840 $-1,237,350
2022 $2,155,018 $2,366,204 $4,427,260 $-211,186
2021 $2,181,646 $2,409,896 $4,638,446 $-228,250
2020 $3,364,520 $2,321,655 $4,866,696 $1,042,865
2019 $2,350,257 $2,253,484 $3,825,865 $96,773
2018 $2,212,276 $2,117,157 $3,726,932 $95,119
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