Elgin Teachers Association

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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

1920

Legal Domicile

Principal Officer

Steve Hoyt

Phone

2244066199

Tax Period

2024-09-01 to 2025-08-31

Elgin Teachers Association, founded in 1920, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 109% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE BENEFITS FOR, AND HELP INSURE FAIR AND EQUITABLE TREATEMENT TO ITS MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $2,231,385 Revenue: $2,297,047

TO PROVIDE BENEFITS FOR ITS MEMBERS, ACTING AS AN AGENT FOR THE MEMBERS IN NEGOTIATING CONTRACTS WITH THE ELGIN BOARD OF EDUCATION DISTRICT U-46 AND HELPING TO INSURE FAIR AND EQUITABLE TREATMENT TO ITS MEMBERS.Proudly representing over 2,700 dedicated educators and serving over 40,000 students throughout 11 different communities, the Elgin Teachers Association (ETA) is a local affiliate of the Illinois Education Association/NEA. We exist to advance the cause of the teaching profession and the cause of public education the cornerstone of our democracy.

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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 $0

Program Service Revenue $2,297,047

Investment Income $651

Other Revenue $0

TOTAL REVENUE $2,297,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,788

Fundraising Expenses $0

Program Expenses $2,231,385

Other Expenses $2,157,116

TOTAL EXPENSES $2,278,904

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,297,698	$1,100,809	+1.1%
Expenses	$2,278,904	$1,064,859	+1.1%
Net Income	$18,794	$35,950	-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

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

$83,974

Total Directors

$94,974

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott Sternal	President	60.00	Officer Director	$14,472	$0	$28,944
Jose Rosa	1st Vice President	35.00	Officer Director	$8,375	$0	$16,750
Jenn Strasser	2nd Vice President	20.00	Officer Director	$6,380	$0	$12,760
Steve Hoyt	Treasurer	20.00	Officer Director	$6,380	$0	$12,760
Donna Kielbasa	Secretary	20.00	Officer Director	$6,380	$0	$12,760
Noemi Hernandez	Section Director	5.00	Director	$500	$0	$1,000
Lesley Beallis	Section Director	5.00	Director	$500	$0	$1,000
Amy Grantham	Section Director	5.00	Director	$500	$0	$1,000
Elspeth Alvarado	Section Director	5.00	Director	$500	$0	$1,000
Katie Sternal	Section Director	5.00	Director	$500	$0	$1,000
Courtney Byer	Section Director	5.00	Director	$500	$0	$1,000
Anne Hitch	Section Director	5.00	Director	$500	$0	$1,000
Jennifer Cesario	Section Director	5.00	Director	$500	$0	$1,000
Kathy Cebulski	Section Director	5.00	Director	$500	$0	$1,000
Erin Hargadon	Section Director	5.00	Director	$500	$0	$1,000
Cecile Flores	Minority Director	5.00	Director	$500	$0	$1,000

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	$2,297,698	$2,278,904	$486,488	$18,794
2024	$1,100,809	$1,064,859	$466,073	$35,950
2023	$181,208	$169,140	$431,707	$12,068
2022	$147,731	$139,821	$419,639	$7,910
2021	$300,249	$156,928	$573,849	$143,321
2020	$163,841	$218,881	$430,528	$-55,040
2019	$151,641	$198,841	$485,568	$-47,200