ILLINOIS HOTEL AND LODGING ASSOCIATION

EIN: 363507409

CHICAGO, IL

Total Revenue
$2,653,877
Total Expenses
$2,512,613
Total Assets
$3,664,204
Net Assets
$2,889,630
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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
1916
Legal Domicile
IL
Principal Officer
KATHY HENEGHAN
Phone
3123463135
Tax Period
2024-01-01 to 2024-12-31

ILLINOIS HOTEL AND LODGING ASSOCIATION, founded in 1916, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $2.5M left a modest 5% surplus.

Mission

TO PROMOTE AND PROTECT THE MUTUAL INTERESTS AND GENERAL WELFARE OF ITS MEMBERS AND TO PROVIDE FOR THE INTERCHANGE OF IDEAS AND INFORMATION.

Program Service Accomplishments

Program 1

PROMOTION AND PROTECTION OF THE MUTUAL INTEREST AND GENERAL WELFARE OF ITS MEMBERS THROUGH THE CONDUCT OF ANNUAL MEETINGS, NETWORKING, AWARDS AND RECOGNITION EVENTS; MONTHLY NEWSLETTERS, INFORMATION...

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PROMOTION AND PROTECTION OF THE MUTUAL INTEREST AND GENERAL WELFARE OF ITS MEMBERS THROUGH THE CONDUCT OF ANNUAL MEETINGS, NETWORKING, AWARDS AND RECOGNITION EVENTS; MONTHLY NEWSLETTERS, INFORMATION UPDATES, SEMINARS AND REGIONAL MEETING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,833,945
Investment Income $283,601
Other Revenue $536,331
TOTAL REVENUE $2,653,877

Expense Breakdown

Grants Paid $46,603
Salaries & Benefits $1,353,852
Fundraising Expenses $0
Other Expenses $1,112,158
TOTAL EXPENSES $2,512,613

Year-over-Year Comparison

2024 2023 Change
Revenue $2,653,877 $2,413,056 +0.1%
Expenses $2,512,613 $2,155,429 +0.2%
Net Income $141,264 $257,627 -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

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Governance

Voting Members
54
Independent Members
54
Employees
8
Volunteers
54

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
5
$358,605
Total Directors
55
$358,605
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL JACOBSON PRESIDENT & CEO 40.00
Officer Director
$358,605 $0 $358,605
KATHY HENEGHAN CHAIR 2.00
Officer Director
$0 $0 $0
TOMMIE VAN VICE CHAIR 2.00
Officer Director
$0 $0 $0
NICK JOHNSON TREASURER 2.00
Officer Director
$0 $0 $0
KRISTIN DUNCAN SECRETARY 2.00
Director
$0 $0 $0
ANTHONY BEACH DIRECTOR 2.00
Director
$0 $0 $0
PATRICK BIRCHALL DIRECTOR 2.00
Director
$0 $0 $0
HEATHER BOLTON DIRECTOR 2.00
Director
$0 $0 $0
LEROY BROWN DIRECTOR 2.00
Director
$0 $0 $0
PAUL CARDONA DIRECTOR 2.00
Director
$0 $0 $0
JEROME CATALDO DIRECTOR 2.00
Director
$0 $0 $0
RICHARD CIALABRINI ALLIED MEMBER DIRECTOR 2.00
Director
$0 $0 $0
GABRIEL CONSTANTIN DIRECTOR 2.00
Director
$0 $0 $0
OUSMAN CONTEH DIRECTOR 2.00
Director
$0 $0 $0
JILL CROWDER DIRECTOR 2.00
Director
$0 $0 $0
DARIN DAME DIRECTOR 2.00
Officer Director
$0 $0 $0
SHEVKET DARDOVSKI ALLIED MEMBER DIRECTOR 2.00
Director
$0 $0 $0
PATRICK DONELLY DIRECTOR 2.00
Director
$0 $0 $0
KONSTANTINE DROSOS DIRECTOR 2.00
Director
$0 $0 $0
STEVEN ELLINGSEN DIRECTOR 2.00
Director
$0 $0 $0
MIKE EVANS ALLIED MEMBER DIRECTOR 2.00
Director
$0 $0 $0
ALEX FOSTER DIRECTOR 2.00
Director
$0 $0 $0
PIERRE-LOUIS GIACOTTO DIRECTOR 2.00
Director
$0 $0 $0
MICAELA HAAS DIRECTOR 2.00
Director
$0 $0 $0
ROBERT HABEEB DIRECTOR 2.00
Director
$0 $0 $0
KRISTINE HALL DIRECTOR 2.00
Director
$0 $0 $0
CHRIS HANSEN DIRECTOR 2.00
Director
$0 $0 $0
PATRICK HATTON DIRECTOR 2.00
Director
$0 $0 $0
DIETER HEIGL DIRECTOR 2.00
Director
$0 $0 $0
TAYLOR HOLSTROM DIRECTOR 2.00
Director
$0 $0 $0
KALPESH JOSHI ALLIED MEMBER DIRECTOR 2.00
Director
$0 $0 $0
IRIS JUNGE DIRECTOR 2.00
Director
$0 $0 $0
DAVE KIMSEY DIRECTOR 2.00
Director
$0 $0 $0
TONY KLOK DIRECTOR 2.00
Director
$0 $0 $0
BRAD LAJOIE DIRECTOR 2.00
Director
$0 $0 $0
JUAN LEYVA DIRECTOR 2.00
Director
$0 $0 $0
BRIT MCKINNEY DIRECTOR 2.00
Director
$0 $0 $0
ADAM MILLER DIRECTOR 2.00
Director
$0 $0 $0
ADOLF MONDACA DIRECTOR 2.00
Director
$0 $0 $0
NABIL MOUBAYED DIRECTOR 2.00
Director
$0 $0 $0
CATHERINE MROWIEC DIRECTOR 2.00
Director
$0 $0 $0
KAITLIN MUCKEY DIRECTOR 2.00
Director
$0 $0 $0
KYM MYERS DIRECTOR 2.00
Director
$0 $0 $0
RICH GAMBLE ALLIED MEMBER DIRECTOR 2.00
Director
$0 $0 $0
LETICIA PHOCAS DIRECTOR 2.00
Director
$0 $0 $0
DAN SCOTT DIRECTOR 2.00
Director
$0 $0 $0
RICK SIMON ALLIED MEMBER DIRECTOR 2.00
Director
$0 $0 $0
PETER SIMONCELLI DIRECTOR 2.00
Director
$0 $0 $0
ERIC SMITH DIRECTOR 2.00
Director
$0 $0 $0
MIGIDI TEMBO DIRECTOR 2.00
Director
$0 $0 $0
LISA TIMBO DIRECTOR 2.00
Director
$0 $0 $0
RON VLASIC DIRECTOR 2.00
Director
$0 $0 $0
JOHN WELLS DIRECTOR 2.00
Director
$0 $0 $0
SANDRA WOLF DIRECTOR 2.00
Director
$0 $0 $0
MARIA ZEC DIRECTOR 2.00
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 $2,653,877 $2,512,613 $3,664,204 $141,264
2023 $2,413,056 $2,155,429 $3,395,364 $257,627
2022 $1,986,810 $1,977,789 $2,833,429 $9,021
2021 $1,911,852 $1,425,894 $3,073,899 $485,958
2020 $1,790,581 $1,220,651 $2,592,510 $569,930
2019 $2,061,826 $1,922,044 $1,956,575 $139,782
2018 $1,830,105 $1,927,600 $1,748,716 $-97,495
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