ILLINOIS RETAIL MERCHANTS ASSOCIATION (EIN 362352996) - 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

1957

Legal Domicile

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

BUSINESS LEAGUE OF ILLINOIS RETAILERS

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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 (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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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

$658,585

Total Directors

Key Employees

Highest Compensated

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

ILLINOIS RETAIL MERCHANTS ASSOCIATION