ILLINOIS PUBLIC PENSION ADVISORY C… - 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

1996

Legal Domicile

Principal Officer

RAYMOND CORDELL

Phone

8475191648

Tax Period

2023-07-01 to 2024-06-30

ILLINOIS PUBLIC PENSION ADVISORY COMMITTEE INC, founded in 1996, is a micro nonprofit that reported $31K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $18K, a strong 56% operating margin.

Mission

PROVIDE A FORUM TO EDUCATE ITS MEMBERS ON A CONTINUING BASIS ABOUT LEGAL ISSUES, INVESTMENT STRATEGIES AND GOVERNMENTAL REGULATIONS AFFECTING PUBLIC PENSION FUNDS IN ILLINOIS.

Program Service Accomplishments

Program 1

PROVIDE EDUCATION FOR POLICE AND FIRE PENSION BOARD TRUSTEES AS REQUIRED UNDER ILLINOIS STATUTES. ALSO PROVIDES BOARD MEMBERS ASSISTANCE IN OPERATIONS TO ENSURE ADMINISTRATIVE COMPLIANCE.

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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 $0

Program Service Revenue $31,450

Investment Income $0

Other Revenue $0

TOTAL REVENUE $31,450

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $13,694

TOTAL EXPENSES $13,694

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,450	$47,345	-0.3%
Expenses	$13,694	$51,349	-0.7%
Net Income	$17,756	$-4,004	-5.4%

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

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
CARY COLLINS	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
RAYMOND CORDELL	PRESIDENT	1.00	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	$31,450	$13,694	$23,129	$17,756
2023	$47,345	$51,349	$5,373	$-4,004

ILLINOIS PUBLIC PENSION ADVISORY COMMITTEE INC