LAWYERS TRUST FUND OF ILLINOIS (EIN 363213132) - 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

1983

Legal Domicile

Principal Officer

MARK MARQUARDT

Phone

3129382906

Tax Period

2024-07-01 to 2025-06-30

LAWYERS TRUST FUND OF ILLINOIS, founded in 1983, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $15.4M in total revenue in fiscal year 2018. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $18.4M exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE GRANT FUNDS TO ILLINOIS NOT-FOR-PROFIT ORGANIZATIONS PROVIDING LEGAL ASSISTANCE TO THE POOR THROUGHOUT ILLINOIS.

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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 $44,106,620

Investment Income $3,245,279

Other Revenue $0

TOTAL REVENUE $47,351,899

Expense Breakdown

Grants Paid $28,141,889

Salaries & Benefits $1,170,907

Fundraising Expenses $0

Program Expenses $29,637,272

Other Expenses $1,346,885

TOTAL EXPENSES $30,659,681

Year-over-Year Comparison

	2024	2023	Change
Revenue	$47,351,899	$44,227,030	+0.1%
Expenses	$30,659,681	$24,087,662	+0.3%
Net Income	$16,692,218	$20,139,368	-0.2%

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

$224,158

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HON MARYAM AHMAD	PRESIDENT	2.00	Officer Director	$0	$0	$0
HON BARBARA CROWDER	DIRECTOR	2.00	Director	$0	$0	$0
HON MARY KAY O'BRIEN	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH J TORRES	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
STACY A MCCULLOUGH	DIRECTOR - PAST	2.00	Director	$0	$0	$0
KRISTINE HONIOTES	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER L KINCIAD	TREASURER	2.00	Officer Director	$0	$0	$0
KAYLAN V HUBER	DIRECTOR	2.00	Director	$0	$0	$0
JONATHON C FOX	DIRECTOR/TREASURER - PAST	2.00	Director	$0	$0	$0
MARCELO HALPERN	DIRECTOR/PRESIDENT - PAST	2.00	Director	$0	$0	$0
RAY J KOENIG III	DIRECTOR	2.00	Director	$0	$0	$0
DAVID J ROBINSON	DIRECTOR	2.00	Director	$0	$0	$0
LARRY R RODGERS	DIRECTOR	2.00	Director	$0	$0	$0
MARK MARQUARDT	EXECUTIVE DIRECTOR	40.00	Officer	$160,651	$63,507	$224,158
TERRI SMITH-ASHFORD	DEPUTY EXECUTIVE DIRECTOR FOR FINANCE & OPERATIONS	40.00	Highest	$157,508	$43,216	$200,724
DAVID HOLTERMANN	DEPUTY EXECUTIVE DIRECTOR FOR GRANTS & LEGAL AFFAI	40.00	Highest	$145,999	$39,830	$185,829
HANNA KAUFMAN	DIRECTOR OF JUSTICE INNOVATION INITIATIVE	40.00	Highest	$110,983	$24,467	$135,450
NEBULA LI	PROGRAM OFFICER FOR LEGAL SERVICES	40.00	Highest	$100,462	$22,747	$123,209

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	$47,351,899	$30,659,681	$83,301,533	$16,692,218
2024	$44,227,030	$24,087,662	$59,059,830	$20,139,368
2023	$28,668,946	$18,434,209	$34,426,845	$10,234,737
2022	$13,558,856	$13,651,671	$21,902,869	$-92,815
2021	$13,676,265	$8,306,389	$23,693,587	$5,369,876
2020	$15,354,235	$13,457,768	$22,509,066	$1,896,467
2019	$15,419,479	$18,407,516	$23,551,112	$-2,988,037

LAWYERS TRUST FUND OF ILLINOIS