ILLINOIS PSYCHIATRIC SOCIETY (EIN 362526396) - 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

1968

Legal Domicile

Principal Officer

JOY HOUSTON MD

Phone

3122242600

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS PSYCHIATRIC SOCIETY, founded in 1968, is a small nonprofit that reported $250K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $223K left a modest 11% surplus.

Mission

TO ADVOCATE FOR THE HIGHEST QUALITY CARE FOR PATIENTS WITH PSYCHIATRIC DISORDERS.

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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 $177,885

Program Service Revenue $53,753

Investment Income $17,798

Other Revenue $200

TOTAL REVENUE $249,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,067

Fundraising Expenses $0

Other Expenses $113,152

TOTAL EXPENSES $223,219

Year-over-Year Comparison

	2024	2023	Change
Revenue	$249,636	$319,715	-0.2%
Expenses	$223,219	$254,378	-0.1%
Net Income	$26,417	$65,337	-0.6%

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

N/A

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
JEN KURTH DO	COUNCILOR	1.00	Director	$0	$0	$0
LINDA GRUENBERG DO	APA REP	1.00	Director	$0	$0	$0
MERCY EIGBIKE	COUNCILOR	1.00	Director	$0	$0	$0
ALAA HAJEISSA	RESIDENT REP	1.00	Director	$0	$0	$0
ARDEN BARNETT MD	APA REP	1.00	Director	$0	$0	$0
AYAME TAKAHASHI MD	COUNCILOR	1.00	Director	$0	$0	$0
JEFFREY BARNETT MD	COUNCILOR	1.00	Director	$0	$0	$0
JOSHUA NATHAN MD	APA REP	1.00	Director	$0	$0	$0
KALYAN KANDRA MD	COUNCILOR	1.00	Director	$0	$0	$0
KEISHA POWELL MD	COUNCILOR	1.00	Director	$0	$0	$0
SUSAN SCHERER MD	APA REP, PAS	1.00	Director	$0	$0	$0
KIMBERLY MEYER	TREASURER	1.00	Director	$0	$0	$0
TAPAN PARIKH	ECP REP	1.00	Director	$0	$0	$0
KAREN PIERCE	COUNCILOR	1.00	Director	$0	$0	$0
ABDI TINWALLA MD	PAST PRESIDE	1.00	Officer	$0	$0	$0
ADRIENNE ADAMS MD	PRESIDENT EL	1.00	Officer	$0	$0	$0
ANDREW LANCIA MD	IMMED PAST P	1.00	Officer	$0	$0	$0
JASLEEN SINGH MD	SECRETARY	1.00	Officer	$0	$0	$0
JOY HOUSTON MD	PRESIDENT	1.00	Officer	$0	$0	$0
STEVEN WEINSTEIN MD	PAST PRESIDE	1.00	Officer	$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
2024	$249,636	$223,219	$403,269	$26,417
2023	$319,715	$254,378	$376,548	$65,337
2022	$187,729	$291,113	$311,787	$-103,384
2021	$316,954	$319,833	$418,449	$-2,879
2020	$243,703	$271,377	$458,960	$-27,674
2019	$295,952	$267,890	$454,258	$28,062
2018	$277,693	$271,159	$404,107	$6,534
2018	$277,693	$271,159	$404,107	$6,534

ILLINOIS PSYCHIATRIC SOCIETY