ASSOCIATION OF ILLINOIS ELECTRIC COOPERATIVES

EIN: 370159736

SPRINGFIELD, IL

Total Revenue
$7,123,286
Total Expenses
$6,480,548
Total Assets
$4,532,885
Net Assets
$2,585,482
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1942
Legal Domicile
IL
Principal Officer
JENNIFER SOURS
Phone
2175295561
Tax Period
2023-07-01 to 2024-06-30

ASSOCIATION OF ILLINOIS ELECTRIC COOPERATIVES, founded in 1942, is a community nonprofit that reported $7.1M in total revenue in fiscal year 2023. Expenses of $6.5M left a modest 9% surplus.

Mission

TO PROMOTE AND DEVELOP THE ELECTRIC COOPERATIVE PROGRAM IN THE STATE OF ILLINOIS; AND TO FURTHER THE GENERAL WELFARE AND TO PROTECT THE INTERESTS OF ASSOCIATION MEMBERS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,022,662
Program Service Revenue $1,439,549
Investment Income $65,533
Other Revenue $2,595,542
TOTAL REVENUE $7,123,286

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,137,987
Fundraising Expenses $0
Other Expenses $3,342,561
TOTAL EXPENSES $6,480,548

Year-over-Year Comparison

2023 2022 Change
Revenue $7,123,286 $6,790,714 +0.0%
Expenses $6,480,548 $7,145,179 -0.1%
Net Income $642,738 $-354,465 -2.8%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
30
Independent Members
30
Employees
31
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
3
$514,798
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR 1.19
$3,200 $0 $3,200
N/A DIRECTOR 1.80
$3,600 $0 $3,600
N/A DIRECTOR 2.60
$3,600 $0 $3,600
N/A DIRECTOR 1.30
$2,800 $0 $2,800
N/A DIRECTOR 0.54
$1,600 $0 $1,600
N/A DIRECTOR 2.15
$3,600 $0 $3,600
N/A DIRECTOR 0.00
$2,400 $0 $2,400
N/A DIRECTOR 1.35
$3,200 $0 $3,200
N/A DIRECTOR 1.90
$3,600 $0 $3,600
N/A DIRECTOR 1.62
$3,600 $0 $3,600
N/A DIRECTOR 1.54
$3,600 $0 $3,600
N/A DIRECTOR 1.75
$3,200 $0 $3,200
N/A DIRECTOR 1.32
$3,200 $0 $3,200
N/A DIRECTOR 1.48
$3,600 $0 $3,600
N/A DIRECTOR 1.21
$3,600 $0 $3,600
N/A DIRECTOR 1.21
$2,800 $0 $2,800
N/A DIRECTOR 1.14
$2,800 $0 $2,800
N/A DIRECTOR 1.25
$3,200 $0 $3,200
N/A ALTERNATE DIRECTOR 0.25
$800 $0 $800
N/A DIRECTOR 2.08
$3,200 $0 $3,200
N/A DIRECTOR 0.62
$3,600 $0 $3,600
N/A DIRECTOR 1.29
$3,200 $0 $3,200
N/A DIRECTOR 0.50
$1,600 $0 $1,600
N/A ALTERNATE DIRECTOR 0.00
$400 $0 $400
N/A DIRECTOR 0.00
$2,800 $0 $2,800
N/A DIRECTOR 2.71
$3,600 $0 $3,600
N/A DIRECTOR 2.13
$3,600 $0 $3,600
N/A DIRECTOR 2.41
$3,600 $0 $3,600
N/A DIRECTOR 2.73
$3,600 $0 $3,600
N/A ALTERNATE DIRECTOR 0.10
$800 $0 $800
N/A DIRECTOR 0.00
$400 $0 $400
N/A DIRECTOR 3.51
$3,600 $0 $3,600
N/A ALTERNATE DIRECTOR 0.00
$400 $0 $400
CRAIG SONDGEROTH PRESIDENT/CEO 45.00
Officer
$216,461 $30,043 $246,504
DANIEL GERARD CTO 45.00
Officer
$118,755 $40,994 $159,749
JENNIFER SOURS CFO 45.00
Officer
$92,364 $16,181 $108,545
NICK REITZ VP OF LEGAL/GOVT RELATIONS 45.00
Highest
$149,686 $48,265 $197,951
JIM MILES VP OF TRAINING, SAFETY & LOSS CONTROL 45.00
Highest
$128,010 $62,495 $190,505
BRENDA CARTER VP OF REGULATORY COMPLIANCE 45.00
Highest
$112,756 $36,433 $149,189
THAD FRANCE LINEWORK MGR 45.00
Highest
$110,633 $51,707 $162,340
N DUANE NOLAND FORMER CEO/PRESIDENT 0.00
$130,012 $0 $130,012
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 $7,123,286 $6,480,548 $4,532,885 $642,738
2023 $6,790,714 $7,145,179 $3,573,467 $-354,465
2022 $7,211,170 $6,937,954 $4,402,865 $273,216
2021 $6,211,932 $6,175,177 $4,658,434 $36,755
2020 $6,078,354 $6,106,847 $4,223,610 $-28,493
2019 $6,518,835 $6,516,880 $4,713,983 $1,955
2018 $6,421,813 $6,176,723 $4,230,612 $245,090
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