ILLINOIS REGIONAL INSULATION CONTRACTORS ASSOCIATION (EIN 362655851) - 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

1929

Legal Domicile

Principal Officer

DAN KRAEMER

Phone

6309324880

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS REGIONAL INSULATION CONTRACTORS ASSOCIATION, founded in 1929, is a small nonprofit that reported $248K in total revenue in fiscal year 2018. Revenue decreased 6% compared to the prior year. Expenses of $276K exceeded revenue, resulting in a 12% operating deficit.

Mission

AN EDUCATIONAL RESOURCE TO PROMOTE MECHANICAL INSULATION AND FIRESTOPPING, AND FURTHER EDUCATE UNION EMPLOYEES. THE ASSOCIATION CONDUCTS WORKSHOPS, CONFERENCES AND SEMINARS, AS WELL AS ISSUING VARIOUS NEWSLETTERS THROUGHOUT THE YEAR.

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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 $224,865

Program Service Revenue $0

Investment Income $13,980

Other Revenue $0

TOTAL REVENUE $238,845

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,948

Fundraising Expenses $0

Other Expenses $174,894

TOTAL EXPENSES $178,842

Year-over-Year Comparison

	2024	2023	Change
Revenue	$238,845	$228,514	+0.0%
Expenses	$178,842	$304,596	-0.4%
Net Income	$60,003	$-76,082	-1.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE CASTELLARIN	PRESIDENT	5.00	Officer Director	$0	$0	$0
MIKE DETTMANN	SECRETARY	5.00	Officer Director	$0	$0	$0
DAN KRAEMER	TREASURER	5.00	Officer Director	$0	$0	$0
JOANNE BUCKLEY	EXCUTIVE DIR	5.00	Officer	$0	$0	$0
PAUL OTTOLINO	DIRECTOR	2.00	Director	$0	$0	$0
JOHN LENOS	DIRECTOR	2.00	Director	$0	$0	$0
MARK GABRIONE	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN FALLS	DIRECTOR	2.00	Director	$0	$0	$0
ASHLEY LUSE	DIRECTOR	2.00	Director	$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	$238,845	$178,842	$525,060	$60,003
2023	$228,514	$304,596	$456,197	$-76,082
2022	$264,374	$293,033	$498,279	$-28,659
2021	$213,003	$188,692	$621,034	$24,311
2020	$223,085	$216,346	$595,430	$6,739
2019	$227,682	$257,243	$551,046	$-29,561
2018	$247,556	$276,405	$543,234	$-28,849

ILLINOIS REGIONAL INSULATION CONTRACTORS ASSOCIATION