Association of Illinois Real Estat… - Form 990 Financial Data

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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

1977

Legal Domicile

Principal Officer

George Biederman

Phone

8772903458

Tax Period

2025-01-01 to 2025-12-31

Association of Illinois Real Estate Educators, founded in 1977, is a micro nonprofit that reported $16K in total revenue in fiscal year 2025. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $27K exceeded revenue, resulting in a 65% operating deficit.

Mission

Membership organization to educate real estate agents

Program Service Accomplishments

Program 1

Expenses: $17,160

To provide education and support services to member educators of licensed realtors and licensed applicants requiring continuing education

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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 (2025)

Revenue Breakdown

Contributions & Grants $7,867

Program Service Revenue $8,278

Investment Income $1

Other Revenue $0

TOTAL REVENUE $16,146

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,160

Other Expenses $26,672

TOTAL EXPENSES $26,672

Year-over-Year Comparison

	2025	2024	Change
Revenue	$16,146	$12,487	+0.3%
Expenses	$26,672	$12,979	+1.1%
Net Income	$-10,526	$-492	+20.4%

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

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
Nonye Ononogbu	Director	4.00	Director	$0	$0	$0
Curtis Brady	Director	4.00	Director	$0	$0	$0
Mike Fair	Director	4.00	Director	$0	$0	$0
Sandra Workman	Director	4.00	Director	$0	$0	$0
Larry Toban	Vice President	4.00	Officer	$0	$0	$0
Oliver Stone	President	4.00	Officer	$0	$0	$0
George Biederman	Treasurer	4.00	Officer	$0	$0	$0
Crystal Harvey	Secretary	4.00	Officer	$0	$0	$0
Rocco Esposito	Past President	4.00		$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
2025	$16,146	$26,672	$46,427	$-10,526
2024	$12,487	$12,979	$56,953	$-492
2023	$14,020	$12,714	$57,445	$1,306
2022	$12,085	$10,920	$56,139	$1,165
2021	$12,328	$11,076	$54,974	$1,252
2020	$22,040	$9,857	$53,722	$12,183
2019	$22,429	$20,228	$41,539	$2,201
2018	$19,320	$19,482	$39,338	$-162

Association of Illinois Real Estate Educators