ILLINOIS PSYCHOLOGICAL ASSOCIATION (EIN 366109267) - 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

1936

Legal Domicile

Principal Officer

LITESA WALLACE

Phone

3123727610

Tax Period

2023-07-01 to 2024-06-30

ILLINOIS PSYCHOLOGICAL ASSOCIATION, founded in 1936, is a small nonprofit that reported $565K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $102K, a strong 18% operating margin.

Mission

PROFESSIONAL BUSINESS ASSOCIATION FOR PSYCHOLOGISTS

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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 $341,045

Program Service Revenue $216,792

Investment Income $6,925

Other Revenue $0

TOTAL REVENUE $564,762

Expense Breakdown

Grants Paid $0

Salaries & Benefits $203,191

Fundraising Expenses $0

Other Expenses $259,512

TOTAL EXPENSES $462,703

Year-over-Year Comparison

	2023	2022	Change
Revenue	$564,762	$454,083	+0.2%
Expenses	$462,703	$375,264	+0.2%
Net Income	$102,059	$78,819	+0.3%

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

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

$137,690

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA FAYNOR-CIHA PHD	APA COUNCIL REPRESENTATIVE	2.00	Director	$0	$0	$0
THERESA M SCHULTZ PHD	TREASURER	2.00	Officer Director	$0	$0	$0
COLIN ENNIS PSYD	PRESIDENT	3.00	Officer Director	$0	$0	$0
DEREK PHILLIPS PSYD	PAST PRESIDENT	2.00	Director	$0	$0	$0
SUE BAE PHD	PRESIDENT ELECT	2.00	Director	$0	$0	$0
MARGO JACQUOT PSYD	SECRETARY	2.00	Officer Director	$0	$0	$0
MANISH DAYAL PSYD	ACADEMIC SECTION	0.50	Director	$0	$0	$0
JENINE CHILES PHD	CLINICAL PRACTICE SECTION	0.50	Director	$0	$0	$0
STEVEN ROTHKE PHD ABPP	ORGANIZATIONAL & BUSINESS	0.50	Director	$0	$0	$0
LAURA PAPPA PHD	EARLY CAREER PSYCHOLOGISTS	0.50	Director	$0	$0	$0
MEGHAN KENNEDY PSYD	BEHAVIORAL PSYCHOLOGY & NE	0.50	Director	$0	$0	$0
ELIZABETH MALKIN	IPAGS	0.50	Director	$0	$0	$0
ANDREA GRAVES PSYD	MILITARY PSYCHOLOGY SECTIO	0.50	Director	$0	$0	$0
HAYLEYBETH VANSERKE PSYD	SEXUAL ORIENTATION AND GEN	0.50	Director	$0	$0	$0
HOLLY HOUSTON PHD	SOCIAL RESPONSIBILITY SECT	0.50	Director	$0	$0	$0
KIMBERLY BAKER PSYD	WOMEN'S ISSUES SECTION	0.50	Director	$0	$0	$0
JEFFREY KELLOGG PSYD	SOUTH REGION	0.50	Director	$0	$0	$0
KEITH BUESCHER PHD	SOUTH CENTRAL REGION	0.50	Director	$0	$0	$0
LYNDA BEHRENDT PSYD	METROPOLITAN REGION	0.50	Director	$0	$0	$0
CLIFF SAPERPHD	METROPOLITAN REGION	0.50	Director	$0	$0	$0
JESSICA PUNZO PSYD	METROPOLITAN REGION	0.50	Director	$0	$0	$0
BRANDI BOAN PSYD	NORTH REGION	0.50	Director	$0	$0	$0
BLAIR BROWN PSYD	NORTH CENTRAL REGION	0.50	Director	$0	$0	$0
ERIN ALEXANDER PSYD	SECTION ON ETHNIC MINORITY	0.50	Director	$0	$0	$0
SUSAN O'GRADY PSYD	DIRECTOR OF PROFESSIONAL A	12.00	Director	$0	$0	$0
MARSHA KAREY	FORMER EXECUTIVE DIRECTOR	40.00	Officer	$79,640	$0	$79,640
TERRENCE KOLLER PHD ABPP	LEGISLATIVE LIASON	24.00	Officer	$58,050	$0	$58,050

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	No data	No data	No data	No data
2024	$564,762	$462,703	$1,041,417	$102,059
2023	$454,083	$375,264	$938,834	$78,819
2022	$482,005	$316,175	$857,030	$165,830
2021	$426,441	$320,606	$693,725	$105,835
2018	$473,071	$458,270	$399,751	$14,801

ILLINOIS PSYCHOLOGICAL ASSOCIATION