NAIFA Illinois

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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

1946

Legal Domicile

Principal Officer

Sara Decatoire

Phone

2175290126

Tax Period

2024-01-01 to 2024-12-31

NAIFA Illinois, founded in 1946, is a small nonprofit that reported $237K in total revenue in fiscal year 2024. Expenses of $223K left a modest 6% surplus.

Mission

To advocate legislative awareness and involvement, facilitate professional growth, and provide leadership development opportunities to licensed providers of financial products and services.

Program Service Accomplishments

Program 1

Expenses: $175,230 Revenue: $37,686

Expenses related to the education and professional development of the Association's 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $179,586

Program Service Revenue $36,897

Investment Income $19,580

Other Revenue $789

TOTAL REVENUE $236,852

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $175,230

Other Expenses $222,513

TOTAL EXPENSES $222,513

Year-over-Year Comparison

	2024	2023	Change
Revenue	$236,852	$221,825	+0.1%
Expenses	$222,513	$217,283	+0.0%
Net Income	$14,339	$4,542	+2.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eric Essex	President	1.00	Officer Director	$0	$0	$0
David Kikoen	President Elect	1.00	Officer Director	$0	$0	$0
Kyler Spencer	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Dennis Dean	Immediate Past President	1.00	Director	$0	$0	$0
Laurie Adams	Senior Counsel	1.00	Director	$0	$0	$0
Pierre Pajak	Liaison to NAIFA Chicagola	1.00	Director	$0	$0	$0
Lisa Bickus	IFAPAC/ GR Director	1.00	Director	$0	$0	$0
Thao Huynh	APIC/GR Director/Diversity	1.00	Director	$0	$0	$0
Gabriella Reyna	Membership/Marketing Direc	1.00	Director	$0	$0	$0
Robert Burd	Membership/Marketing Direc	1.00	Director	$0	$0	$0
Ray Shimizu	Professional Dev. & Progra	1.00	Director	$0	$0	$0
Santiago Rodriguez	Professional Dev. & Progra	1.00	Director	$0	$0	$0
Sara Decatoire	Executive Director	40.00	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
2024	$236,852	$222,513	$498,584	$14,339
2023	$221,825	$217,283	$479,983	$4,542
2022	$241,163	$208,647	$482,755	$32,516
2021	$221,487	$205,193	$459,679	$16,294
2020	$240,551	$231,427	$440,501	$9,124
2019	$473,596	$255,402	$471,702	$218,194