ILLINOIS GOVERNMENT FINANCE OFFICERS ASSOCIATION (EIN 363730805) - 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

1958

Legal Domicile

Principal Officer

ELIZABETH HOLLEB

Phone

6308587337

Tax Period

2023-07-01 to 2024-06-30

ILLINOIS GOVERNMENT FINANCE OFFICERS ASSOCIATION, founded in 1958, is a small nonprofit that reported $701K in total revenue in fiscal year 2023. Expenses of $659K left a modest 6% surplus.

Mission

IGFOA PROMOTES EXCELLENCE IN GOVERNMENT FINANCE.

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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 $1,775

Program Service Revenue $665,120

Investment Income $23,977

Other Revenue $10,350

TOTAL REVENUE $701,222

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $655,675

TOTAL EXPENSES $658,675

Year-over-Year Comparison

	2023	2022	Change
Revenue	$701,222	$664,547	+0.1%
Expenses	$658,675	$613,318	+0.1%
Net Income	$42,547	$51,229	-0.2%

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

Employees

N/A

Volunteers

160

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
ELIZABETH HOLLEB	PRESIDENT	1.00	Officer Director	$0	$0	$0
NICOLE LARSON	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
JON BECKMANN	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDREW BROWN	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN HARRINGTON	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
CHRISTINA FISHER	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
DENISE JOSEPH	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
DELL DUCKWORTH	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
MICHELLE BINNS	PARTNERS' REPRESENTATIVE	1.00	Director	$0	$0	$0
PATRICE SUTTON	GFOA STATE REPRESENTATIVE	1.00	Director	$0	$0	$0
SUSANA ARROYO	CHAPTER REPRESENTATIVE CHICAGO METRO	1.00	Director	$0	$0	$0
ANNE BURKHOLDER	CHAPTER REPRESENTATIVE SOUTH METRO	1.00	Director	$0	$0	$0
COURTNEY KOUZMANOFF	CHAPTER REPRESENTATIVE DOWNSTATE	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	No data	No data	No data	No data
2024	$701,222	$658,675	$930,031	$42,547
2023	$664,547	$613,318	$894,768	$51,229
2022	$588,106	$565,774	$828,947	$22,332
2021	$459,970	$395,030	$761,807	$64,940
2020	$604,214	$622,796	$715,750	$-18,582
2019	$676,859	$657,521	$774,623	$19,338
2018	$634,425	$570,231	$756,343	$64,194

ILLINOIS GOVERNMENT FINANCE OFFICERS ASSOCIATION