ILLINOIS COUNCIL OF POLICE

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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

1993

Legal Domicile

Phone

6308326772

Tax Period

2023-01-01 to 2023-12-31

ILLINOIS COUNCIL OF POLICE, founded in 1993, is a small nonprofit that reported $639K in total revenue in fiscal year 2023. The organization ran a surplus of $104K, a strong 16% operating margin.

Mission

Union representation for law enforcement officers

Program Service Accomplishments

Program 1

Insurance for Members

Program 2

Legal defense plan which provides an attorney to represent police officers in disciplanary proceedings.

Program 3

Contract labor negotiations on behalf of its membership

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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 $505,000

Program Service Revenue $0

Investment Income $523

Other Revenue $133,679

TOTAL REVENUE $639,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $283,593

Fundraising Expenses $9,387

Other Expenses $242,498

TOTAL EXPENSES $535,478

Year-over-Year Comparison

	2023	2022	Change
Revenue	$639,202	$614,101	+0.0%
Expenses	$535,478	$561,945	0.0%
Net Income	$103,724	$52,156	+1.0%

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

N/A

Employees

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
RICHARD BRUNO	President	20.00	Officer Director	$0	$0	$0
DENNIS LAZINEK	Treasurer	1.50	Officer Director	$0	$0	$0
TIMOTHY SCHWARZ	Director	0.00	Director	$0	$0	$0
MATTHEW SHAUGHNESSY	Director	0.00	Director	$0	$0	$0
ANDREW JURMU	Vice President	1.50	Officer 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	No data	No data	No data	No data
2023	$639,202	$535,478	$197,223	$103,724
2022	$614,101	$561,945	$93,500	$52,156
2021	$500,899	$514,708	$41,346	$-13,809
2020	$585,998	$547,855	$55,153	$38,143
2019	$658,248	$648,962	$12,010	$9,286
2018	$794,166	$800,844	$2,765	$-6,678