ILLINOIS ASSOCIATION FOR COLLEGE ADMISSION COUNSELING (EIN 362857025) - 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

1987

Legal Domicile

Principal Officer

ERIN HOOVER

Phone

8008290176

Tax Period

2022-06-01 to 2023-05-31

ILLINOIS ASSOCIATION FOR COLLEGE ADMISSION COUNSELING, founded in 1987, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $613K in total revenue in fiscal year 2022. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $687K exceeded revenue, resulting in a 12% operating deficit.

Mission

IACAC IS AN ORGANIZATION OF COUNSELING PROFESSIONALS DEDICATED TO SERVING STUDENTS PURSUING POST-SECONDARY 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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $895

Program Service Revenue $591,590

Investment Income $19,246

Other Revenue $1,233

TOTAL REVENUE $612,964

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,949

Fundraising Expenses $0

Program Expenses $494,234

Other Expenses $619,878

TOTAL EXPENSES $686,827

Year-over-Year Comparison

	2022	2021	Change
Revenue	$612,964	$473,097	+0.3%
Expenses	$686,827	$327,283	+1.1%
Net Income	$-73,863	$145,814	-1.5%

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

Volunteers

200

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

$65,952

Total Directors

$65,952

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN HOOVER	MANAGER OF O	40.00	Officer Director	$65,952	$0	$65,952
BECKI BELLITO	DIRECTOR	1.00	Director	$0	$0	$0
JOSIE BLASDEL	TREASURER	1.00	Officer Director	$0	$0	$0
DEREK BRINKLEY	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIAN BROWN	DIRECTOR	1.00	Director	$0	$0	$0
MADDIE CORDER	DIRECTOR	1.00	Director	$0	$0	$0
KELLY DUTMERS	DIRECTOR	1.00	Director	$0	$0	$0
JOE FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE GAVIC	TREASURER-EL	1.00	Officer Director	$0	$0	$0
KATHRYN HANKAMP	SECRETARY	1.00	Officer Director	$0	$0	$0
SYLVIA HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN HODGES	PRESIDENT	1.00	Officer Director	$0	$0	$0
TONY MINESTRA	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
ERIC RUIZ	PAST-TREASUR	1.00	Officer Director	$0	$0	$0
BETSY STEVENS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL WELSH	PRESIDENT-EL	1.00	Officer Director	$0	$0	$0
SHARON WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
EVAN WILSON	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN WOCHNER	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$612,964	$686,827	$927,235	$-73,863
2022	$473,097	$327,283	$996,843	$145,814
2021	$345,206	$206,831	$854,906	$138,375
2020	$366,554	$370,751	$741,058	$-4,197
2019	$576,159	$537,096	$721,296	$39,063
2018	$611,766	$560,500	$665,911	$51,266

ILLINOIS ASSOCIATION FOR COLLEGE ADMISSION COUNSELING