ILLINOIS IOWA CENTER FOR INDEPENDENT LIVING (EIN 363547933) - 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

1987

Legal Domicile

Principal Officer

ELIZABETH SHERWIN

Phone

3097930090

Tax Period

2024-10-01 to 2025-09-30

ILLINOIS IOWA CENTER FOR INDEPENDENT LIVING, founded in 1987, is a small nonprofit in the Human Services sector that reported $695K in total revenue in fiscal year 2017. Expenses of $772K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO FACILITATE THE GOALS OF INDEPENDENT LIVING OF PERSONS WITH DISABILITIES.

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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 $1,073,645

Program Service Revenue $50,719

Investment Income $15,187

Other Revenue $4,835

TOTAL REVENUE $1,144,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $677,903

Fundraising Expenses $0

Program Expenses $964,886

Other Expenses $385,979

TOTAL EXPENSES $1,063,882

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,144,386	$915,339	+0.3%
Expenses	$1,063,882	$947,065	+0.1%
Net Income	$80,504	$-31,726	-3.5%

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

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

$141,983

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH SHERWIN	EXECUTIVE DI	40.00	Officer	$118,180	$23,803	$141,983
BONNIE BALLARD	PRESIDENT	1.00	Officer Director	$0	$0	$0
LUCILLE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
STEVE GOTTCENT	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
THANOLIA HUDSON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES KERR	DIRECTOR	1.00	Director	$0	$0	$0
JANET LOCKHART-JOHNSON	SECRETARY	1.00	Officer Director	$0	$0	$0
JIM MALONEY	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS MILLER	DIRECTOR	1.00	Director	$0	$0	$0
IDA ROBINSON	TREASURER	1.00	Officer Director	$0	$0	$0
KAREN ROEBUCK	DIRECTOR	1.00	Director	$0	$0	$0
WENDY ROSMANN	DIRECTOR	1.00	Director	$0	$0	$0
RONDA WILSON	DIRECTOR	1.00	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
2025	$1,144,386	$1,063,882	$1,109,999	$80,504
2024	$915,339	$947,065	$1,040,390	$-31,726
2023	$940,782	$984,398	$1,080,720	$-43,616
2022	$1,093,455	$1,094,108	$1,110,095	$-653
2021	$971,122	$935,523	$1,154,695	$35,599
2020	$870,826	$855,635	$1,111,793	$15,191
2019	$797,413	$824,653	$1,116,375	$-27,240
2018	$695,110	$771,670	$1,164,759	$-76,560

ILLINOIS IOWA CENTER FOR INDEPENDENT LIVING