ILLINOIS RAILROAD ASSOCIATION (EIN 366108180) - 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

1934

Legal Domicile

Principal Officer

TIM BUTLER

Phone

2177378320

Tax Period

2025-01-01 to 2025-12-31

ILLINOIS RAILROAD ASSOCIATION, founded in 1934, is a small nonprofit that reported $377K in total revenue in fiscal year 2025.

Mission

PROTECT, GUIDE, & REPRESENT THE RAIL FREIGHT INDUSTRY IN ILLINOIS

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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 (2025)

Revenue Breakdown

Contributions & Grants $369,917

Program Service Revenue $0

Investment Income $7,531

Other Revenue $0

TOTAL REVENUE $377,448

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $205,654

Fundraising Expenses $0

Other Expenses $171,069

TOTAL EXPENSES $381,723

Year-over-Year Comparison

	2025	2024	Change
Revenue	$377,448	$385,124	0.0%
Expenses	$381,723	$366,764	+0.0%
Net Income	$-4,275	$18,360	-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

N/A

Employees

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

$181,227

Total Directors

$181,227

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM BUTLER	EXECUTIVE DI	40.00	Officer Director	$181,227	$0	$181,227
JOEL CORNFELD	BOARD MEMBER	N/A	Director	$0	$0	$0
ED DEVRIES	BOARD MEMBER	N/A	Director	$0	$0	$0
KEVIN DONAHUE	BOARD MEMBER	N/A	Director	$0	$0	$0
TOM EVENSON	BOARD MEMBER	N/A	Director	$0	$0	$0
TOM LIVINGSTON	BOARD MEMBER	N/A	Director	$0	$0	$0
RYAN NONNEMAKER	BOARD MEMBER	N/A	Director	$0	$0	$0
PETER SKOSEY	BD MEMBER-VI	N/A	Director	$0	$0	$0
HERBERT SMITH	BOARD MEMBER	N/A	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
2025	$377,448	$381,723	$227,264	$-4,275
2024	$385,124	$366,764	$235,770	$18,360
2023	$384,091	$357,457	$214,093	$26,634
2022	$377,219	$219,866	$181,786	$157,353
2021	$606,500	$638,029	$29,399	$-31,529
2020	$463,179	$470,723	$55,941	$-7,544
2019	$463,369	$469,086	$63,485	$-5,717
2018	$420,760	$457,485	$69,202	$-36,725

ILLINOIS RAILROAD ASSOCIATION