ILLINOIS FARMERS UNION INC

EIN: 370715122

ALTAMONT, IL

Total Revenue
$162,776
Total Expenses
$6,653
Total Assets
$269,817
Net Assets
$269,817
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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
1966
Legal Domicile
IL
Principal Officer
ROBERT DAVIES
Phone
6184835574
Tax Period
2023-01-01 to 2023-12-31

ILLINOIS FARMERS UNION INC, founded in 1966, is a small nonprofit that reported $163K in total revenue in fiscal year 2023. The organization ran a surplus of $156K, a strong 96% operating margin.

Mission

SUSTAIN AND STRENGTHEN FAMILY FARM & RANCH AGRICULTURE

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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 $0
Program Service Revenue $8,719
Investment Income $169,171
Other Revenue $-15,114
TOTAL REVENUE $162,776

Expense Breakdown

Grants Paid $50
Salaries & Benefits $2,503
Fundraising Expenses $0
Other Expenses $4,100
TOTAL EXPENSES $6,653

Year-over-Year Comparison

2023 2022 Change
Revenue $162,776 N/A N/A
Expenses $6,653 N/A N/A
Net Income $156,123 $0 N/A
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

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Governance

Voting Members
10
Independent Members
10
Employees
1
Volunteers
10

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
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT DAVIES PRESIDENT 16.00
Officer Director
$0 $0 $0
LARRY LIEB VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
LYNN TAPPENDORF SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
NORBERT BRAUER TRUSTEE 1.00
Director
$0 $0 $0
JIM LARKIN TRUSTEE 1.00
Director
$0 $0 $0
STANTON STINE TRUSTEE 1.00
Director
$0 $0 $0
DAVID RAMSEY TRUSTEE 1.00
Director
$0 $0 $0
RAY WATSON TRUSTEE 1.00
Director
$0 $0 $0
JIM FRANCIS TRUSTEE 1.00
Director
$0 $0 $0
DONALD BAUER TRUSTEE 1.00
Director
$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
2023 $162,776 $6,653 $269,817 $156,123
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