SOCIETY FOR INFORMATION MANAGEMENT

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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

MARK TAYLOR

Phone

8563806807

Tax Period

2023-01-01 to 2023-12-31

SOCIETY FOR INFORMATION MANAGEMENT, founded in 1968, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2023. Expenses of $3.8M exceeded revenue, resulting in a 11% operating deficit.

Mission

SIM BRINGS TOGETHER I.T. LEADERS TO SHARE, NETWORK AND GIVE BACK TO THEIR COMMUNITIES THROUGH THE COLLABORATION OF LOCAL CHAPTERS.

Program Service Accomplishments

Program 1

ADVANCED PRACTICES COUNCIL (APC) - AN EXCLUSIVE MEMBERSHIP PROGRAM FOR SENIOR IT EXECUTIVES THAT PROVIDES A TRUSTED NETWORK OF EXECUTIVE PEERS COMBINED WITH CUSTOMIZED RESEARCH ON MEMBER-CHOSEN...

ADVANCED PRACTICES COUNCIL (APC) - AN EXCLUSIVE MEMBERSHIP PROGRAM FOR SENIOR IT EXECUTIVES THAT PROVIDES A TRUSTED NETWORK OF EXECUTIVE PEERS COMBINED WITH CUSTOMIZED RESEARCH ON MEMBER-CHOSEN TOPICS BY THE BEST RESEARCHERS WORLDWIDE.

Program 2

REGIONAL LEADERSHIP FORUM (RLF) -IS AN INTENSIVE, TEN-MONTH LEADERSHIP DEVELOPMENT PROGRAM FOCUSED ON CREATING AUTHENTIC LEADERS. RLF USES AN EXPERIMENTAL LEARNING ENVIRONMENT INTRODUCING...

REGIONAL LEADERSHIP FORUM (RLF) -IS AN INTENSIVE, TEN-MONTH LEADERSHIP DEVELOPMENT PROGRAM FOCUSED ON CREATING AUTHENTIC LEADERS. RLF USES AN EXPERIMENTAL LEARNING ENVIRONMENT INTRODUCING PARTICIPANTS TO NEW CONCEPTS WHILE ENHANCING INTERPERSONAL SKILLS AND CREATING A SENSE OF MISSION. THE RLF CURRICULUM OFFERS PARTICIPANTS AN OPEN EXCHANGE ON LEADERSHIP APPROACHES AND PRACTICES. THE RLF SESSIONS ARE DEDICATED TO THE INTERACTIVE LEARNING ENVIRONMENT TO DEVELOP PARTICIPANTS' LEADERSHIP, TEAM-BUILDING, CREATIVE THINKING, LISTENING SKILLS, GLOBAL BUSINESS SKILLS, AND KNOWLEDGE OF BUSINESS ETHICS.

Program 3

SIM EXECUTIVE LEADERSHIP RETREAT - BY BRINGING I.T. LEADERS TOGETHER TO DISCUSS CURRENT BUSINESS ISSUES, IDENTIFY INDUSTRY BEST PRACTICES, AND LAY THE FOUNDATION FOR DEVELOPING BUSINESS ALLIANCES...

SIM EXECUTIVE LEADERSHIP RETREAT - BY BRINGING I.T. LEADERS TOGETHER TO DISCUSS CURRENT BUSINESS ISSUES, IDENTIFY INDUSTRY BEST PRACTICES, AND LAY THE FOUNDATION FOR DEVELOPING BUSINESS ALLIANCES, SIM EXECUTIVE LEADERSHIP RETREAT, SIM'S EXCLUSIVE ANNUAL EVENT, IS AN OPPORTUNITY FOR NETWORKING AND DEVELOPMENT. ITS UNIQUE PROGRAM FEATURES AN UNBIASED AGENDA THAT IS DESIGNED BY AND FOR CIO'S, ALLOWING ATTENDEES TO LEARN FROM OTHERS IN AN ATMOSPHERE OF CANDOR AND TRUST.

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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 $0

Program Service Revenue $3,405,907

Investment Income $23,775

Other Revenue $0

TOTAL REVENUE $3,429,682

Expense Breakdown

Grants Paid $0

Salaries & Benefits $388,976

Fundraising Expenses $0

Other Expenses $3,421,752

TOTAL EXPENSES $3,810,728

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,429,682	$3,517,298	0.0%
Expenses	$3,810,728	$3,334,251	+0.1%
Net Income	$-381,046	$183,047	-3.1%

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

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

$295,100

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL SCHWALBE	CHAIR EMERITUS	5.00	Officer Director	$0	$0	$0
LEO PELLERIN	CHAIR	5.00	Officer Director	$0	$0	$0
JOE BRUHIN	VICE CHAIR	5.00	Officer Director	$0	$0	$0
JOAN HOLMAN	TREASURER	5.00	Officer Director	$0	$0	$0
RICH HOOK	SECRETARY	2.00	Officer Director	$0	$0	$0
STEVE HEILENMAN	DIRECTOR, CHAPTER REP	2.00	Director	$0	$0	$0
JAMES BOWEN	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN MALISCH	DIRECTOR	2.00	Director	$0	$0	$0
JOHN BUCCOLA	DIRECTOR	2.00	Director	$0	$0	$0
TONI HARRISON-HOGAN	DIRECTOR	2.00	Director	$0	$0	$0
MARK TAYLOR	CHIEF EXECUTIVE	40.00	Officer	$256,949	$38,151	$295,100

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	$3,429,682	$3,810,728	$540,366	$-381,046
2022	$3,517,298	$3,334,251	$1,112,535	$183,047
2021	$2,485,460	$2,593,137	$1,533,755	$-107,677
2020	$1,156,174	$1,398,926	$1,873,870	$-242,752
2019	$3,548,626	$4,009,148	$931,078	$-460,522
2018	$3,908,013	$4,629,306	$2,037,365	$-721,293