Illinois Venture Capital Association (EIN 364385926) - 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

2000

Legal Domicile

Principal Officer

Christie Pruyn

Phone

3122411615

Tax Period

2024-07-01 to 2025-06-30

Illinois Venture Capital Association, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $923K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $163K, a strong 18% operating margin.

Mission

The Illinois Venture Capital Association (The "Association) was incorporated on July 27, 2000, to foster development and growth of business enterprise, which will enhance the vitality of the Illinois venture capital and private equity community. The Association intends to achieve its goals by: (I) providing government affairs expertise, (II) offering educational member programs, (III) facilitating member networking and (IV) participating in shared programs and events of mutual interest with other organizations in support of the venture capital community.

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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 (2024)

Revenue Breakdown

Contributions & Grants $526,877

Program Service Revenue $331,573

Investment Income $422

Other Revenue $64,364

TOTAL REVENUE $923,236

Expense Breakdown

Grants Paid $153,469

Salaries & Benefits $314,967

Fundraising Expenses $0

Other Expenses $291,302

TOTAL EXPENSES $759,738

Year-over-Year Comparison

	2024	2023	Change
Revenue	$923,236	$818,375	+0.1%
Expenses	$759,738	$780,641	0.0%
Net Income	$163,498	$37,734	+3.3%

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

Volunteers

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

$205,044

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Phil Alphonse	Chair	1.00	Officer Director	$0	$0	$0
Ira Weiss	Vice Chair	1.00	Officer Director	$0	$0	$0
Jeffrey Piper	Treasurer	1.00	Officer Director	$0	$0	$0
Alex Abell	Director	1.00	Director	$0	$0	$0
Joanna Arras	Director	1.00	Director	$0	$0	$0
Dave Crouch	Director	1.00	Director	$0	$0	$0
Rick Desai	Director	1.00	Director	$0	$0	$0
Jason Felger	Director	1.00	Director	$0	$0	$0
Constance Freedman	Director	1.00	Director	$0	$0	$0
Chip Grace	Director	1.00	Director	$0	$0	$0
Victor Gutwein	Director	1.00	Director	$0	$0	$0
Krsita Hatcher	Director	1.00	Director	$0	$0	$0
Alyssa Jaffee	Director	1.00	Director	$0	$0	$0
Stephen Jeschke	Director	1.00	Director	$0	$0	$0
Steve Kaplan	Director	1.00	Director	$0	$0	$0
Alex Kessel	Director	1.00	Director	$0	$0	$0
Chris Killackey	Director	1.00	Director	$0	$0	$0
Michael Langdon	Director	1.00	Director	$0	$0	$0
Jim Macdonald	Director	1.00	Director	$0	$0	$0
Rocco Martino	Director	1.00	Director	$0	$0	$0
Mark McDonnell	Director	1.00	Director	$0	$0	$0
Alex Meyer	Director	1.00	Director	$0	$0	$0
Lee Mitchell	Director	1.00	Director	$0	$0	$0
Brad Morehead	Director	1.00	Director	$0	$0	$0
Morgan	Director	1.00	Director	$0	$0	$0
Matt Norton	Director	1.00	Director	$0	$0	$0
Tony Palcheck	Director	1.00	Director	$0	$0	$0
Troy Phillips	Director	1.00	Director	$0	$0	$0
Bob Saunders	Director	1.00	Director	$0	$0	$0
Mark Solovy	Director	1.00	Director	$0	$0	$0
Jennifer Steans	Director	1.00	Director	$0	$0	$0
Jim TenBroek	Director	1.00	Director	$0	$0	$0
Shoshana Vernick	Director	1.00	Director	$0	$0	$0
John Yeager	Director	1.00	Director	$0	$0	$0
Christie Pruyn	Executive Director	40.00	Officer	$184,015	$16,583	$200,598
Maura O'Hara	Former Executive Director	40.00	Officer	$4,446	$0	$4,446

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	$923,236	$759,738	$1,157,899	$163,498
2024	No data	No data	No data	No data
2023	$925,789	$1,020,306	$958,144	$-94,517
2022	$880,053	$755,335	$1,110,797	$124,718
2021	$681,411	$682,380	$948,079	$-969
2020	$797,664	$824,518	$885,455	$-26,854
2019	$763,419	$747,631	$1,031,756	$15,788
2018	$814,699	$748,909	$912,698	$65,790

Illinois Venture Capital Association