ILLINOIS GROWTH ENTERPRISES

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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

1970

Legal Domicile

Principal Officer

WILLIAM NELSON

Phone

3093442323

Tax Period

2023-07-01 to 2024-06-30

ILLINOIS GROWTH ENTERPRISES, founded in 1970, is a small nonprofit that reported $402K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $154K, a strong 38% operating margin.

Mission

TO EDUCATE AND PROMOTE THE WELFARE OF THE DEVELOPMENTALLY DISABLED IN NORTHERN ILLINOIS.

Program Service Accomplishments

Program 1

Expenses: $207,319

ILLINOIS GROWTH ENTERPRISES (IGE), AN AFFILIATE OF BRIDGEWAY, INC, IS A NOT-FOR-PROFIT ENTITY THAT SUPPORTS THE PROVISION OF COMPREHENSIVE VOCATIONAL SERVICES TO PERSONS WITH DISABILITIES IN...

ILLINOIS GROWTH ENTERPRISES (IGE), AN AFFILIATE OF BRIDGEWAY, INC, IS A NOT-FOR-PROFIT ENTITY THAT SUPPORTS THE PROVISION OF COMPREHENSIVE VOCATIONAL SERVICES TO PERSONS WITH DISABILITIES IN WINNEBAGO AND BOONE COUNTIES IN ILLINOIS. THE OBJECTIVE OF IGE, THROUGH BRIDGEWAY, IS TO SERVE ANY PERSON WHO CAN BENEFIT FROM ITS ARRAY OF SERVICES WITHOUT REGARD TO DISABILITY, DEPENDENT STATUS, RACE, COLOR, NATIONAL ORIGIN OR AGE.

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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 $245,152

Program Service Revenue $0

Investment Income $157,263

Other Revenue $0

TOTAL REVENUE $402,415

Expense Breakdown

Grants Paid $180,342

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $207,319

Other Expenses $68,276

TOTAL EXPENSES $248,618

Year-over-Year Comparison

	2023	2022	Change
Revenue	$402,415	$342,483	+0.2%
Expenses	$248,618	$241,506	+0.0%
Net Income	$153,797	$100,977	+0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB GOUGH	BOARD MEMBER	0.50	Director	$0	$0	$0
BEAU INGLEDUE	BOARD MEMBER	0.50	Director	$0	$0	$0
LIBBY MULDOWNEY	BOARD MEMBER	0.50	Director	$0	$0	$0
WILLIAM NELSON	CEO	0.50	Officer Director	$0	$0	$0
JOHANNA PETZEL	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
MICHAEL WILCOP	CHAIRMAN	0.50	Officer Director	$0	$0	$0
STACI DANNER	TREASURER	0.50	Officer	$0	$0	$0
JENNIFER DALTON	SECRETARY	0.50	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
2025	No data	No data	No data	No data
2024	$402,415	$248,618	$4,700,971	$153,797
2023	$342,483	$241,506	$4,407,981	$100,977
2022	$384,032	$251,651	$4,204,195	$132,381
2021	$669,446	$246,755	$4,573,447	$422,691
2020	$318,742	$179,100	$3,882,121	$139,642
2019	$384,759	$144,173	$3,765,841	$240,586
2018	$459,641	$133,494	$3,573,312	$326,147