ILLINOIS RETAIL MERCHANTS ASSOCIATION EDUCATION FOUNDATION (EIN 363956569) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

BRIAN JORDAN

Phone

6306278100

Tax Period

2023-01-01 to 2023-12-31

ILLINOIS RETAIL MERCHANTS ASSOCIATION EDUCATION FOUNDATION, founded in 1994, is a micro nonprofit in the Education sector that reported $44K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $65K exceeded revenue, resulting in a 50% operating deficit.

Mission

THE ORGANIZATION SERVES AND SUPPORTS THE RETENTION AND EXPANSION OF THE ILLINOIS RETAILERS BY ENCOURAGING A DEEPER UNDERSTANDING OF THE ILLINOIS RETAIL SECTOR AND ITS IMPORTANCE TO THE ILLINOIS ECONOMY. THE FOCUS WILL INCLUDE BUT NOT BE LIMITED TO RESEARCH, WORKFORCE DEVELOPMENT, SCHOLARSHIPS AND RESOURCES FOR EXISTING AND PROSPECTIVE ILLINOIS RETAILERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $29,375

Program Service Revenue $0

Investment Income $14,139

Other Revenue $0

TOTAL REVENUE $43,514

Expense Breakdown

Grants Paid $43,150

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,747

Other Expenses $21,964

TOTAL EXPENSES $65,114

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,514	$31,902	+0.4%
Expenses	$65,114	$44,200	+0.5%
Net Income	$-21,600	$-12,298	+0.8%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$180,734

Total Directors

$180,734

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ART POTASH	CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN JORDAN	TREASURER	0.25	Officer Director	$0	$16,074	$180,734
BOB JONES III	SECRETARY	0.25	Officer Director	$0	$0	$0
JIM HAVEY	DIRECTOR	0.25	Director	$0	$0	$0
ASHLI NELSON	DIRECTOR	0.25	Director	$0	$0	$0
CJ SCHNAKENBERG	DIRECTOR	0.25	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	$43,514	$65,114	$504,357	$-21,600
2022	$31,902	$44,200	$501,197	$-12,298
2021	$256,650	$23,892	$513,495	$232,758

ILLINOIS RETAIL MERCHANTS ASSOCIATION EDUCATION FOUNDATION