ILLINOIS ELKS ASSOCIATION CHARITABLE TRUST (EIN 367040393) - 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

1993

Legal Domicile

Phone

6182377776

Tax Period

2024-05-01 to 2025-04-30

ILLINOIS ELKS ASSOCIATION CHARITABLE TRUST, founded in 1993, is a small nonprofit that reported $376K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $557K exceeded revenue, resulting in a 48% operating deficit.

Mission

THE ILLINOIS ELKS ASSOCIATION CHARITABLE TRUST IS A NONPROFIT ORGANIZATION ESTABLISHED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND HEALTH PURPOSES.

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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 $367,540

Program Service Revenue $0

Investment Income $8,202

Other Revenue $500

TOTAL REVENUE $376,242

Expense Breakdown

Grants Paid $64,800

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $589,615

Other Expenses $492,696

TOTAL EXPENSES $557,496

Year-over-Year Comparison

	2024	2023	Change
Revenue	$376,242	$611,454	-0.4%
Expenses	$557,496	$381,141	+0.5%
Net Income	$-181,254	$230,313	-1.8%

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

500

Independent Members

500

Employees

N/A

Volunteers

6800

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER QUINN	PAST PRESIDENT	10.00	Officer	$0	$0	$0
DAVID NEEL	President	10.00	Officer	$0	$0	$0
JEFF JOHNSON	1ST VICE PRES	10.00	Officer	$0	$0	$0
JEFF STERR	2ND VICE PRES	10.00	Officer	$0	$0	$0
JOE RAY	Secretary	20.00	Officer	$0	$0	$0
JEFF RODIER	Treasurer	30.00	Officer	$0	$0	$0
CHRIS ORD	3RD VICE PRES	10.00	Officer	$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	$376,242	$557,496	$952,008	$-181,254
2024	$611,454	$381,141	$1,137,032	$230,313
2023	$352,261	$393,282	$906,568	$-41,021
2022	$383,426	$286,403	$946,942	$97,023
2021	$372,037	$326,325	$847,215	$45,712
2020	$365,854	$372,244	$801,503	$-6,390
2019	$365,423	$340,728	$807,893	$24,695
2018	$360,891	$309,193	$783,199	$51,698

ILLINOIS ELKS ASSOCIATION CHARITABLE TRUST