TAXPAYERS' FEDERATION OF ILLINOIS (EIN 370545737) - 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

1940

Legal Domicile

Principal Officer

CAROL S PORTMAN

Phone

2175226818

Tax Period

2023-01-01 to 2023-12-31

TAXPAYERS' FEDERATION OF ILLINOIS, founded in 1940, is a small nonprofit in the Community Improvement sector that reported $529K in total revenue in fiscal year 2023. Expenses of $612K exceeded revenue, resulting in a 16% operating deficit.

Mission

RESEARCH AND RECOMMENDATIONS ON TAX AND SPENDING ISSUES

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $506,657

Investment Income $7,383

Other Revenue $15,000

TOTAL REVENUE $529,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $408,224

Fundraising Expenses $60,663

Program Expenses $485,384

Other Expenses $203,855

TOTAL EXPENSES $612,079

Year-over-Year Comparison

	2023	2022	Change
Revenue	$529,040	$546,041	0.0%
Expenses	$612,079	$605,388	+0.0%
Net Income	$-83,039	$-59,347	+0.4%

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

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
CAROL S PORTMAN	PRESIDENT FO	50.00	Highest	$182,548	$12,778	$195,326
J ROBERT BARR	TRUSTEE	1.00	Director	$0	$0	$0
CATE BATTIN	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD BODNUM	TRUSTEE	1.00	Director	$0	$0	$0
HARRY D BOND	TRUSTEE	1.00	Director	$0	$0	$0
TED BOTS	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL M BROWN	TRUSTEE	1.00	Director	$0	$0	$0
CRYSTAL BUGG	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK BUTLER	TRUSTEE	1.00	Director	$0	$0	$0
TIM CHMIELEWSKI	TRUSTEE	1.00	Director	$0	$0	$0
RON COOK	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH COUGHLIN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID DORNER	TRUSTEE	1.00	Director	$0	$0	$0
JIM EADS	TRUSTEE	1.00	Director	$0	$0	$0
JESSIE EISENMENGER	TRUSTEE	1.00	Director	$0	$0	$0
OWEN EVANS	TRUSTEE	1.00	Director	$0	$0	$0
ERIC FADER	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT J HEYMAN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID HUGHES	TRUSTEE	1.00	Director	$0	$0	$0
JOANNE HUGHES	TRUSTEE	1.00	Director	$0	$0	$0
JEFF HUMMEL	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY HYLA	TRUSTEE	1.00	Director	$0	$0	$0
DEREK JONES	TRUSTEE	1.00	Director	$0	$0	$0
SHAWN M KANE	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW KIM	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN KULER	TRUSTEE	1.00	Director	$0	$0	$0
DAVID KUPIEC	TRUSTEE	1.00	Director	$0	$0	$0
GREG MASTRI	TRUSTEE	1.00	Director	$0	$0	$0
CARRIE MERICKEL	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN MURPHY	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW OLSON	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY PASTORE	TRUSTEE	1.00	Director	$0	$0	$0
LARRY POCIASK	TRUSTEE	1.00	Director	$0	$0	$0
JASON POLLAK	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS POWERS	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK QUIST	TRUSTEE	1.00	Director	$0	$0	$0
ALANA REIMER	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL RUBINO	TRUSTEE	1.00	Director	$0	$0	$0
BREEN SCHILLER	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN SEMLOW	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY SEXTON	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK M SHANAHAN	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY SIEBERS	TRUSTEE	1.00	Director	$0	$0	$0
ALLYSON SLOBOTSKI	TRUSTEE	1.00	Director	$0	$0	$0
DAVID UPHAUS	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN WALSH	TRUSTEE	1.00	Director	$0	$0	$0
ARCHANA WARNER	TRUSTEE	1.00	Director	$0	$0	$0
CAROL WUERFFEL	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL J WYNNE	TRUSTEE	1.00	Director	$0	$0	$0
MAURICE SCHOLTEN	PRESIDENT	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	No data	No data	No data	No data
2023	$529,040	$612,079	$559,942	$-83,039
2022	$546,041	$605,388	$584,629	$-59,347
2021	$595,133	$553,318	$647,586	$41,815
2020	$542,687	$529,229	$533,750	$13,458
2019	$585,207	$602,518	$602,289	$-17,311
2018	$545,107	$598,013	$588,787	$-52,906

TAXPAYERS' FEDERATION OF ILLINOIS