ILLINOIS ORGANIZATION OF NURSE LEADERS (EIN 363593616) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Phone

3122653927

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS ORGANIZATION OF NURSE LEADERS, founded in 1977, is a small nonprofit in the Health Care sector that reported $247K in total revenue in fiscal year 2022. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $219K left a modest 12% surplus.

Mission

Provide direction to achieve excellence in nursing, to promote professional development, networking, research and innovation for advancement of nursing practice and care delivery systems, and to develop strategies to influence and shape health care in Illinois.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $253,092

Investment Income $46,218

Other Revenue $4,688

TOTAL REVENUE $303,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $233,749

TOTAL EXPENSES $233,749

Year-over-Year Comparison

	2024	2023	Change
Revenue	$303,998	$216,592	+0.4%
Expenses	$233,749	$254,354	-0.1%
Net Income	$70,249	$-37,762	-2.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shelly Major	President	2.00	Officer Director	$0	$0	$0
Thomas Starr	President-elect	2.00	Officer Director	$0	$0	$0
Chad Thompson	Past-President	2.00	Officer Director	$0	$0	$0
Dani Witkowski	Secretary/Treas	2.00	Officer Director	$0	$0	$0
Lynn Williams	Director	2.00	Officer Director	$0	$0	$0
Jennifer Croland	Director	2.00	Director	$0	$0	$0
Fred Brown	Director	2.00	Director	$0	$0	$0
Immeline Young	Director	2.00	Director	$0	$0	$0
Renee Scheier	Director	2.00	Director	$0	$0	$0
Karie Stecken	Director	2.00	Director	$0	$0	$0
Jennifer Bond	Director	2.00	Director	$0	$0	$0
Judy Neubrander	Director	2.00	Director	$0	$0	$0
Angela Gilbreth	Director	2.00	Director	$0	$0	$0
Sherri Aufderheide	Director	2.00	Director	$0	$0	$0
Tracie Shelton	Director	2.00	Director	$0	$0	$0
Susan Morby	Director	2.00	Director	$0	$0	$0
Colleen Calhoun	Director	2.00	Director	$0	$0	$0
Helga Brake	Director	2.00	Director	$0	$0	$0
Michelle Porter	Executive Dir.	15.00	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	$303,998	$233,749	$274,411	$70,249
2023	$216,592	$254,354	$225,781	$-37,762
2022	$247,394	$218,907	$250,165	$28,487

ILLINOIS ORGANIZATION OF NURSE LEADERS