Illinois Bankers Education Services Inc

EIN: 364271815 501(c)(3) Education

Springfield, IL

Total Revenue
$1,603,999
Total Expenses
$1,597,051
Total Assets
$159,439
Net Assets
$-68,085
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
IL
Principal Officer
Ben Jackson
Phone
2177899340
Tax Period
2024-01-01 to 2024-12-31

Illinois Bankers Education Services Inc, founded in 1999, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024.

Mission

Organization is a not-for-profit corporation organized to sponsor education programs that will improve the skills of employees of commercial banks, savings & loans, other financial institutions, and interested parties.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,594,701
Investment Income $0
Other Revenue $9,298
TOTAL REVENUE $1,603,999

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $745,439
Other Expenses $1,597,051
TOTAL EXPENSES $1,597,051

Year-over-Year Comparison

2024 2023 Change
Revenue $1,603,999 $1,657,131 0.0%
Expenses $1,597,051 $1,660,428 0.0%
Net Income $6,948 $-3,297 -3.1%
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

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Governance

Voting Members
9
Independent Members
N/A
Employees
N/A
Volunteers
7

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
2
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ben Jackson Secretary/Treas 1.00
Officer Director
$0 $0 $0
Andrew Butts Board Member 1.00
Director
$0 $0 $0
Jennifer Compton Board Member 1.00
Director
$0 $0 $0
Sarah Dolan Board Member 1.00
Director
$0 $0 $0
John Armstrong Board Member 1.00
Director
$0 $0 $0
Jacqueline Flick Board Member 1.00
Director
$0 $0 $0
Eva Galassini Chairman 1.00
Officer Director
$0 $0 $0
Joshua Huseman Board Member 1.00
Director
$0 $0 $0
Joshua Ishmael Board Member 1.00
Director
$0 $0 $0
Frank Pettaway Vice Chairman 1.00
Director
$0 $0 $0
Christine Shultz Board Member 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
2024 $1,603,999 $1,597,051 $159,439 $6,948
2023 $1,657,131 $1,660,428 $92,354 $-3,297
2022 $1,442,352 $1,617,503 $167,362 $-175,151
2021 $1,334,451 $1,358,367 $320,511 $-23,916
2021 $1,334,451 $1,358,367 $320,511 $-23,916
2020 $1,180,028 $1,070,659 $284,821 $109,369
2019 $1,469,086 $1,379,857 $249,937 $89,229
2018 $1,501,864 $1,454,004 $111,294 $47,860
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