ILLINOIS COUNCIL ON ECONOMIC EDUCATION D/B/A ECON ILLINOIS

EIN: 362650453 501(c)(3)

DEKALB, IL

Total Revenue
$259,221
Total Expenses
$170,428
Total Assets
$608,266
Net Assets
$580,781
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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
1967
Legal Domicile
IL
Principal Officer
LUANNE MAYORGA
Phone
8157538245
Tax Period
2018-07-01 to 2019-06-30

ILLINOIS COUNCIL ON ECONOMIC EDUCATION D/B/A ECON ILLINOIS, founded in 1967, is a small nonprofit that reported $259K in total revenue in fiscal year 2018. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $89K, a strong 34% operating margin.

Mission

PROMOTION OF ECONOMIC AND FINANCIAL LITERACY EDUCATION

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $255,321
Program Service Revenue $0
Investment Income $12,797
Other Revenue $-8,897
TOTAL REVENUE $259,221

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $12,280
Program Expenses $122,089
Other Expenses $170,428
TOTAL EXPENSES $170,428

Year-over-Year Comparison

2018 2017 Change
Revenue $259,221 $276,457 -0.1%
Expenses $170,428 $353,439 -0.5%
Net Income $88,793 $-76,982 -2.2%
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

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Governance

Voting Members
43
Independent Members
41
Employees
N/A
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
3
$0
Total Directors
43
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAMELA C PIAROWSKI CHAIRMAN 1.00
Officer Director
$0 $0 $0
MARTIN CABRERA MEMBER 1.00
Director
$0 $0 $0
TOM CULLERTON MEMBER 1.00
Director
$0 $0 $0
DAVID JOHNSON MEMBER 1.00
Director
$0 $0 $0
CHARLES L EVANS MEMBER 1.00
Director
$0 $0 $0
LISA FREEMAN MEMBER 1.00
Director
$0 $0 $0
MICHAEL FRERICHS MEMBER 1.00
Director
$0 $0 $0
JOSEPH M GUINAN MEMBER 1.00
Director
$0 $0 $0
ARVID C JOHNSON MEMBER 1.00
Director
$0 $0 $0
WILLIAM MCNEILL MEMBER 1.00
Director
$0 $0 $0
EDWARD PROVOST MEMBER 1.00
Director
$0 $0 $0
MICHAEL PUGLIESE MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER SHANNON MEMBER 1.00
Director
$0 $0 $0
MICHAEL G TIMMERS MEMBER 1.00
Director
$0 $0 $0
CATHERINE M BOURKE MEMBER 1.00
Director
$0 $0 $0
MICHAEL J CONTI MEMBER 1.00
Director
$0 $0 $0
ROBERT L ANDERSON MEMBER 1.00
Director
$0 $0 $0
CYNTHIA AU MEMBER 1.00
Director
$0 $0 $0
KAREN BOURBULAS MEMBER 1.00
Director
$0 $0 $0
JEFFREY R EGAN MEMBER 1.00
Director
$0 $0 $0
SHERYL SZOT GALLAHER MEMBER 1.00
Director
$0 $0 $0
JOHN M GEIRINGER MEMBER 1.00
Director
$0 $0 $0
NIKKI GIANCOLA MEMBER 1.00
Director
$0 $0 $0
ADAM GINSBURGH MEMBER 1.00
Director
$0 $0 $0
ANNE C KAPLAN MEMBER 1.00
Director
$0 $0 $0
HAZEL KING MEMBER 1.00
Director
$0 $0 $0
WILLIAM C KLING MEMBER 1.00
Director
$0 $0 $0
DAVID L KOHN MEMBER 1.00
Director
$0 $0 $0
MAUREEN LAGAN TREASURER 1.00
Officer Director
$0 $0 $0
GABE MARTINEZ MEMBER 1.00
Director
$0 $0 $0
MICHAEL MIROBALLI MEMBER 1.00
Director
$0 $0 $0
GEORGE M MORVIS MEMBER 1.00
Director
$0 $0 $0
JANE OTT MEMBER 1.00
Director
$0 $0 $0
MICHAEL PINCKNEY MEMBER 1.00
Director
$0 $0 $0
MIKE PIOTROWSKI MEMBER 1.00
Director
$0 $0 $0
JAMES M RATCLIFFE MEMBER 1.00
Director
$0 $0 $0
DANIEL T ROCHE MEMBER 1.00
Director
$0 $0 $0
STANLEY RUPNIK MEMBER 1.00
Director
$0 $0 $0
SHARON STANCIEL MEMBER 1.00
Director
$0 $0 $0
KEVIN TUNNEY MEMBER 1.00
Director
$0 $0 $0
DAVID A VAN VICKLE MEMBER 1.00
Director
$0 $0 $0
FRANK M WHITTAKER MEMBER 1.00
Director
$0 $0 $0
GREGORY WILLIAMS MEMBER 1.00
Director
$0 $0 $0
LUANNE MAYORGA EXECUTIVE DIRECTOR 40.00
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
2019 $259,221 $170,428 $608,266 $88,793
2018 $276,457 $353,439 $554,386 $-76,982
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