ILLINOIS PUBLIC PENSION FUND ASSOCIATION (EIN 363421158) - 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

1985

Legal Domicile

Principal Officer

JAMES M MCNAMEE

Phone

6307840406

Tax Period

2023-01-01 to 2023-12-31

ILLINOIS PUBLIC PENSION FUND ASSOCIATION, founded in 1985, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum.

Mission

ASSOCIATION OF PUBLIC PENSION FUNDS.

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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 $0

Program Service Revenue $1,023,588

Investment Income $201,056

Other Revenue $0

TOTAL REVENUE $1,224,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $603,995

Fundraising Expenses $0

Program Expenses $1,009,769

Other Expenses $585,662

TOTAL EXPENSES $1,189,657

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,224,644	$867,247	+0.4%
Expenses	$1,189,657	$1,078,155	+0.1%
Net Income	$34,987	$-210,908	-1.2%

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

N/A

Employees

Volunteers

N/A

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

$240,146

Total Directors

$278,146

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES M MCNAMEE	PRESIDENT	40.00	Officer Director	$169,396	$0	$169,396
ROBERT PODGORNY	SECRETARY	28.00	Officer Director	$9,000	$0	$9,000
WILLIAM GALGAN	TREASURER	2.00	Officer Director	$23,000	$0	$23,000
MARK POULOS	VICE-PRESIDENT	1.00	Officer Director	$10,250	$0	$10,250
SHAWN CURRY	VICE-PRESIDENT	1.00	Officer Director	$12,000	$0	$12,000
DANIEL HOPKINS	VICE-PRESIDENT	1.00	Officer Director	$8,500	$0	$8,500
MIKE HERBERT	DIRECTOR	1.00	Director	$6,700	$0	$6,700
DANIEL COLLINS	VICE-PRESIDENT	1.00	Officer Director	$8,000	$0	$8,000
JAMES MALONEY	DIRECTOR	1.00	Director	$6,700	$0	$6,700
BRANDON BLOUGH	DIRECTOR	1.00	Director	$6,700	$0	$6,700
MARY BURRESS	DIRECTOR	1.00	Director	$6,700	$0	$6,700
GENE WASHINGTON	DIRECTOR	1.00	Director	$6,700	$0	$6,700
PAUL SWANLUND	DIRECTOR	1.00	Director	$4,500	$0	$4,500

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	$1,224,644	$1,189,657	$2,423,403	$34,987
2022	$867,247	$1,078,155	$2,506,856	$-210,908
2021	$1,446,275	$1,072,308	$2,720,219	$373,967
2020	$1,295,579	$887,809	$2,374,909	$407,770
2019	$1,739,232	$1,522,773	$2,065,306	$216,459
2018	$1,494,142	$1,552,180	$1,741,624	$-58,038

ILLINOIS PUBLIC PENSION FUND ASSOCIATION