Illinois State Bar Association

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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

1877

Legal Domicile

Principal Officer

Dennis J Archer

Phone

2175251760

Tax Period

2022-07-01 to 2023-06-30

Illinois State Bar Association, founded in 1877, is a community nonprofit that reported $8.6M in total revenue in fiscal year 2022.

Mission

Trade Association for Attorneys

Program Service Accomplishments

Program 1

Expenses: $329,945

Section Support. Sections of the Illinois State Bar Association provide publication of newsletters, legislative research and advice, and development and sponsorship of continuing legal education...

Section Support. Sections of the Illinois State Bar Association provide publication of newsletters, legislative research and advice, and development and sponsorship of continuing legal education programs.

Program 2

Expenses: $562,707

Committees support to investigate specific areas of interest which are currently relevant within the legal profession

Program 3

Expenses: $1,505,480

Conferences and meetings - held various times throughout the year to inform the general membership of the current issues which the Association is confronting.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,735,203

Investment Income $233,583

Other Revenue $628,150

TOTAL REVENUE $8,596,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,499,363

Fundraising Expenses $0

Program Expenses $6,122,196

Other Expenses $4,040,892

TOTAL EXPENSES $8,540,255

Year-over-Year Comparison

	2022	2021	Change
Revenue	$8,596,936	$8,321,304	+0.0%
Expenses	$8,540,255	$7,389,144	+0.2%
Net Income	$56,681	$932,160	-0.9%

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

2000

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

$516,928

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rory T Weiler	President	1.00	Officer Director	$0	$0	$0
Anna P Krolikowska	Past President	1.00	Officer Director	$0	$0	$0
Shawn S Kasserman	President Elect	1.00	Officer Director	$0	$0	$0
Sonni Williams	2nd Vice President	1.00	Officer Director	$0	$0	$0
Bridget C Duignan	3rd Vice Persident	1.00	Officer Director	$0	$0	$0
Wesley A Gozia	Secretary	1.00	Officer Director	$0	$0	$0
Sarah E Toney	Treasurer	1.00	Officer Director	$0	$0	$0
Chloe G Pedersen	Member	1.00	Director	$0	$0	$0
Bianca B Brown	Member	1.00	Director	$0	$0	$0
Nicholas Joseph Feda	Member	1.00	Director	$0	$0	$0
J Matthew Pfeiffer	Member	1.00	Director	$0	$0	$0
Ava M George Stewart	Member	1.00	Director	$0	$0	$0
Jennifer Anne Haase	Member	1.00	Director	$0	$0	$0
Amanda G Highlander	Member	1.00	Director	$0	$0	$0
Julie A Johnson	Member	1.00	Director	$0	$0	$0
Mark L Karno	Member	1.00	Director	$0	$0	$0
Stephen M Komie	Member	1.00	Director	$0	$0	$0
Heather A McPherson	Member	1.00	Director	$0	$0	$0
Emily N Masalski	Member	1.00	Director	$0	$0	$0
Mark C Palmer	Member	1.00	Director	$0	$0	$0
Mary L Milano	Member	1.00	Director	$0	$0	$0
Marcos A Resendiz	Member	1.00	Director	$0	$0	$0
J David Sanders	Member	1.00	Director	$0	$0	$0
Diana Christine Servos	Member	1.00	Director	$0	$0	$0
Hon Tamika R Walker	Member	1.00	Director	$0	$0	$0
Michael G Bergmann	Member	1.00	Director	$0	$0	$0
J Randall Cox	Member	1.00	Director	$0	$0	$0
Robert E Craghead	Executive Director	35.00	Officer	$289,216	$32,187	$321,403
Dennis J Archer	Director of Finance/Admin	31.00	Officer	$171,602	$23,923	$195,525
James R Covington	Director of Legislation	33.00	Highest	$152,218	$21,912	$174,130
Tim Slating	Assistant Executive Direct	35.00	Highest	$133,439	$20,504	$153,943
Charles Northrup	General Counsel	35.00	Highest	$167,777	$25,049	$192,826
Jeanne B Heaton	Director of CLE	35.00	Highest	$125,117	$19,880	$144,997
Stacey Hacker Meehan	IL Bar Foundation - ED	0.00	Highest	$133,438	$20,504	$153,942

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	No data	No data	No data	No data
2023	$8,596,936	$8,540,255	$20,546,745	$56,681
2022	$8,321,304	$7,389,144	$19,962,857	$932,160
2021	$8,740,125	$7,094,022	$19,242,841	$1,646,103
2020	$8,744,042	$7,572,332	$14,911,084	$1,171,710
2019	$8,817,017	$8,300,114	$15,750,549	$516,903
2018	$8,971,423	$8,534,017	$15,139,932	$437,406