ILLINOIS AUTOMOBILE INSURANCE PLAN

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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

1940

Legal Domicile

Phone

4019462310

Tax Period

2019-01-01 to 2019-12-31

ILLINOIS AUTOMOBILE INSURANCE PLAN, founded in 1940, is a small nonprofit that reported $258K in total revenue in fiscal year 2019. The organization ran a surplus of $41K, a strong 16% operating margin.

Mission

To make motor vehicle insurance available for persons not able to obtain coverage in the voluntary market.

Program Service Accomplishments

Program 1

To make motor vehicle insurance available for persons not able to obtain coverage in the voluntary market.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $256,468

Investment Income $1,153

Other Revenue $336

TOTAL REVENUE $257,957

Expense Breakdown

Grants Paid $0

Salaries & Benefits $167,603

Fundraising Expenses $0

Other Expenses $49,657

TOTAL EXPENSES $217,260

Year-over-Year Comparison

	2019	2018	Change
Revenue	$257,957	$241,286	+0.1%
Expenses	$217,260	$223,153	0.0%
Net Income	$40,697	$18,133	+1.2%

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

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

$1,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Gov Comm Member	2.00	Director	$0	$0	$0
N/A	Gov Comm Member	2.00	Director	$0	$0	$0
N/A	Gov Comm Member	2.00	Director	$0	$0	$0
N/A	Gov Comm Member	2.00	Director	$0	$0	$0
N/A	Gov Comm Member	2.00	Director	$0	$0	$0
N/A	Gov Comm Member	2.00	Director	$0	$0	$0
N/A	Gov Comm Member	2.00	Director	$0	$0	$0
William Ryan	Gov Comm Member	2.00	Director	$600	$0	$600
Thomas Neis	Gov Comm Member	2.00	Director	$1,150	$0	$1,150
John Brubaker	Gov Comm Member	2.00	Director	$0	$0	$0
Nationwide Insurance	Gov Comm Member	2.00	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
2019	$257,957	$217,260	$41,914	$40,697
2018	$241,286	$223,153	$16,699	$18,133