ILLINOIS PODIATRIC MEDICAL ASSOCIATION (EIN 366168815) - 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

1915

Legal Domicile

Principal Officer

PATRICE COOPER

Phone

3124275810

Tax Period

2024-10-01 to 2025-05-31

ILLINOIS PODIATRIC MEDICAL ASSOCIATION, founded in 1915, is a small nonprofit that reported $308K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $110K, a strong 36% operating margin.

Mission

TO ENHANCE PUBLIC ACCESS TO PODIATRIC MEDICAL SERVICES.

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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 $0

Program Service Revenue $214,012

Investment Income $93,603

Other Revenue $474

TOTAL REVENUE $308,089

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,234

Fundraising Expenses $0

Other Expenses $123,379

TOTAL EXPENSES $197,613

Year-over-Year Comparison

	2024	2023	Change
Revenue	$308,089	$381,309	-0.2%
Expenses	$197,613	$354,341	-0.4%
Net Income	$110,476	$26,968	+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

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

$61,111

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLEN COHN	PRESIDENT	1.00	Officer Director	$0	$0	$0
DEEP SHAH	SECRETARY	1.00	Officer Director	$0	$0	$0
RIMI STATKUS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CORY JACOBY	TREASURER	1.00	Officer Director	$0	$0	$0
MARY DEGROOT	DIRECTOR	1.00	Director	$0	$0	$0
NATASH BHAGAT	DIRECTOR	1.00	Director	$0	$0	$0
NATHANIEL GEORGE	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN YORATH	DIRECTOR	1.00	Director	$0	$0	$0
SPENCER KEANE	DIRECTOR	1.00	Director	$0	$0	$0
JONDELLE JENKINS	DIRECTOR	1.00	Director	$0	$0	$0
PATRICE COOPER	EXECUTIVE DIRECTOR	40.00	Officer	$53,333	$7,778	$61,111

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	$308,089	$197,613	$2,023,593	$110,476
2024	$381,309	$354,341	$2,041,637	$26,968
2023	$573,614	$530,779	$1,790,627	$42,835
2022	$644,332	$568,312	$1,767,520	$76,020
2021	$547,777	$553,265	$2,097,209	$-5,488
2020	$727,221	$809,849	$1,954,469	$-82,628
2019	$857,614	$892,101	$2,053,400	$-34,487
2018	$1,009,816	$1,014,980	$2,009,903	$-5,164

ILLINOIS PODIATRIC MEDICAL ASSOCIATION