ILLINOIS PRINCIPALS ASSOCIATION (EIN 362739730) - 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

1972

Legal Domicile

Principal Officer

PAUL KELLY

Phone

2175281383

Tax Period

2023-07-01 to 2024-06-30

ILLINOIS PRINCIPALS ASSOCIATION, founded in 1972, is a community nonprofit that reported $9.0M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $8.4M left a modest 6% surplus.

Mission

THE MISSION OF THE ILLINOIS PRINCIPALS ASSOCIATION IS TO DEVELOP, SUPPORT, & ADVOCATE FOR INNOVATIVE EDUCATIONAL LEADERS.

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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 $3,995,355

Program Service Revenue $4,357,747

Investment Income $308,415

Other Revenue $304,252

TOTAL REVENUE $8,965,769

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,260,375

Fundraising Expenses $0

Other Expenses $5,169,816

TOTAL EXPENSES $8,430,191

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,965,769	$8,152,427	+0.1%
Expenses	$8,430,191	$7,932,631	+0.1%
Net Income	$535,578	$219,796	+1.4%

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

150

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

$302,525

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON E LEAHY	EXECUTIVE DI	40.00	Key Emp	$6,159	$26,475	$302,525
BRIAN SCHWARTZ	DEP EX DIR/L	40.00	Highest	$185,171	$23,402	$208,573
SUSAN HOMES	DEP EX DIR-	40.00	Highest	$152,232	$16,088	$168,320
MARTY ADAMS	KASKASKIA ST	2.00	Director	$0	$0	$0
DAMIEN AHERNE	SOUTH COOK S	2.00	Director	$0	$0	$0
LORI BILBREY	WESTERN	2.00	Director	$0	$0	$0
MEGAN CARROLL	ILLINI	2.00	Director	$0	$0	$0
ANGIE CODRON	CORN BELT ST	2.00	Director	$0	$0	$0
SHANNON CREMEENS	NORTHWEST	2.00	Director	$0	$0	$0
MARTIN DACOSTA	NORTH COOK	2.00	Director	$0	$0	$0
PAULA DALEY	STARVED ROCK	2.00	Director	$0	$0	$0
COURTNEY DEMENT	DUPAGE	2.00	Director	$0	$0	$0
JENNIFER DIETRICH	CIV	2.00	Director	$0	$0	$0
CRIS EDWARDS	PRESIDENT EL	2.00	Officer Director	$0	$0	$0
KIM ENRIQUEZ	SOUTHWESTERN	2.00	Director	$0	$0	$0
BRIAN FAULKNER	KISHWAUKEE	2.00	Director	$0	$0	$0
RAUL GASTON	IMMED PAST P	2.00	Officer Director	$0	$0	$0
SHAUN GRANT	TREASURER	2.00	Officer Director	$0	$0	$0
KIM HEFNER	WEST COOK	2.00	Director	$0	$0	$0
ANDY JULIAN	WABASH VALLE	2.00	Director	$0	$0	$0
PAUL KELLY	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOE KUHLMANN	TWO RIVERS	2.00	Director	$0	$0	$0
DAN LAVERTY	THREE RIVERS	2.00	Director	$0	$0	$0
KURT PREBLE	LAKE REGION	2.00	Director	$0	$0	$0
AMBER SENSABAUGH	BLACKHAWK	2.00	Director	$0	$0	$0
JACLYNN SHOUFLER	ABE LINCOLN	2.00	Director	$0	$0	$0
APRIL SMITH	EGYPTIAN STA	2.00	Director	$0	$0	$0
LINDSAY WATTS	SHAWNEE	2.00	Director	$0	$0	$0
TRON YOUNG	SECRETARY	2.00	Officer 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
2025	No data	No data	No data	No data
2024	$8,965,769	$8,430,191	$7,101,525	$535,578
2023	$8,152,427	$7,932,631	$6,416,643	$219,796
2022	$5,629,794	$5,389,172	$5,835,571	$240,622
2021	$5,159,107	$4,572,874	$5,754,111	$586,233
2020	$5,013,834	$4,802,664	$4,901,385	$211,170
2019	$4,531,750	$4,500,892	$4,597,866	$30,858

ILLINOIS PRINCIPALS ASSOCIATION