Illinois Bankers Association

EIN: 363215107

Springfield, IL

Total Revenue
$5,788,330
Total Expenses
$5,118,636
Total Assets
$11,258,415
Net Assets
$7,296,155
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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
1891
Legal Domicile
IL
Phone
2177899340
Tax Period
2023-01-01 to 2023-12-31

Illinois Bankers Association, founded in 1891, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $5.1M left a modest 12% surplus.

Mission

Empowering Illinois bankers through information, collaboration, and innovation.

Program Service Accomplishments

Program 1

Legislative and lobbying efforts meant to enhance the state and federal laws to the benefit of the Illinois financial services industry. The efforts affect every industry member in the state. In...

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Legislative and lobbying efforts meant to enhance the state and federal laws to the benefit of the Illinois financial services industry. The efforts affect every industry member in the state. In addition, legislative information is sent to the industry through e-mails and publications.

Program 2

Provide the banking industry with products and services that help in their business dealings. Examples are fraud prevention tools both online and in bank materials, holding member networking events...

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Provide the banking industry with products and services that help in their business dealings. Examples are fraud prevention tools both online and in bank materials, holding member networking events and providing services such as online compliance training.

Program 3

Providing the banking industry with various publicatiosn such as an annual directory of the industry members, salary surveys and other publications. A monthly banking magazine is produced as are...

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Providing the banking industry with various publicatiosn such as an annual directory of the industry members, salary surveys and other publications. A monthly banking magazine is produced as are various toolkits meant to keep the industry communication better.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,885,549
Investment Income $118,538
Other Revenue $1,784,243
TOTAL REVENUE $5,788,330

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,813,713
Fundraising Expenses $0
Other Expenses $1,304,923
TOTAL EXPENSES $5,118,636

Year-over-Year Comparison

2023 2022 Change
Revenue $5,788,330 $5,271,909 +0.1%
Expenses $5,118,636 $4,763,746 +0.1%
Net Income $669,694 $508,163 +0.3%
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

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Governance

Voting Members
28
Independent Members
28
Employees
28
Volunteers
208

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
6
$0
Total Directors
26
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TJ Burge Vice Chair 1.00
Officer Director
$0 $0 $0
Lora Kalka Director 1.00
Director
$0 $0 $0
Anthony G Nestler Chair Elect 1.00
Officer Director
$0 $0 $0
Thomas Chamberlain Chair 1.00
Officer Director
$0 $0 $0
Courtney Olson Director 1.00
Director
$0 $0 $0
Megan Collins Treasurer 1.00
Officer Director
$0 $0 $0
Frank Pettaway Director 1.00
Director
$0 $0 $0
Brian Hannon Director 1.00
Director
$0 $0 $0
Rudy Gonzalez Director 1.00
Director
$0 $0 $0
Peter Brummel Director 1.00
Director
$0 $0 $0
Kathy Williamson Director 1.00
Director
$0 $0 $0
Scott Bland Director 1.00
Director
$0 $0 $0
Brett Tiemann Director 1.00
Director
$0 $0 $0
Rick Parks Director 1.00
Director
$0 $0 $0
Betsy Johnson Past Chair 1.00
Officer Director
$0 $0 $0
Matthew Smith Director 1.00
Director
$0 $0 $0
Gustavus Bahr Director 1.00
Director
$0 $0 $0
J David Conterio Director 1.00
Director
$0 $0 $0
David Doedtman Director 1.00
Director
$0 $0 $0
Bethany Shaw Director 1.00
Director
$0 $0 $0
Robert Kelly Director 1.00
Director
$0 $0 $0
Karlie Krehbiel Director 1.00
Director
$0 $0 $0
Ted Macon Director 1.00
Director
$0 $0 $0
Daniel Wujek Director 1.00
Director
$0 $0 $0
Michele Petrie Director 1.00
Director
$0 $0 $0
Tim Smigel Director 1.00
Director
$0 $0 $0
Randall Hultgren Secretary & CEO 0.00
Officer
$0 $0 $0
Randy Hultgren President & CEO 40.00
$0 $0 $0
Carolyn Settanni General Counsel 40.00
$0 $0 $0
Benjamin Jackson EVP Govt Relations 40.00
$0 $0 $0
Erich Bloxdorf COO 40.00
$0 $0 $0
Callan Stappleton Pres IBBS IBES 40.00
$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 $5,788,330 $5,118,636 $11,258,415 $669,694
2022 $5,271,909 $4,763,746 $10,517,984 $508,163
2021 $5,094,620 $4,513,049 $9,853,435 $581,571
2021 $5,094,620 $4,517,744 $9,870,418 $576,876
2020 $4,968,678 $4,609,120 $8,903,644 $359,558
2019 $5,011,565 $4,816,572 $8,063,090 $194,993
2018 $4,099,376 $4,309,491 $7,638,233 $-210,115
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