ILLINOIS PROPANE GAS ASSOCIATION (EIN 370775965) - 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

1959

Legal Domicile

Principal Officer

BRAD BLAIR

Phone

2175258000

Tax Period

2023-01-01 to 2023-12-31

ILLINOIS PROPANE GAS ASSOCIATION, founded in 1959, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $357K, a strong 24% operating margin.

Mission

PROMOTE AND SPONSOR THE SAFE AND VARIED USES OF PROPANE AND TO SPONSOR EDUCATION AND SAFETY PROGRAMS.

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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 $1,117,479

Program Service Revenue $310,911

Investment Income $1,654

Other Revenue $32,624

TOTAL REVENUE $1,462,668

Expense Breakdown

Grants Paid $0

Salaries & Benefits $241,821

Fundraising Expenses $0

Other Expenses $863,494

TOTAL EXPENSES $1,105,315

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,462,668	$1,115,683	+0.3%
Expenses	$1,105,315	$1,229,036	-0.1%
Net Income	$357,353	$-113,353	-4.2%

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

Volunteers

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

$124,084

Total Directors

$89,273

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY BARNETT	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK GRESHAM	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
LOREN MEEKER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LOGAN LONG	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
BRAD BLAIR	EXECUTIVE DIRECTOR	1.00	Officer Director	$89,273	$0	$89,273
TODD MEYER	DIRECTOR	1.00	Officer Director	$0	$0	$0
ROD REED	DIRECTOR	1.00	Director	$0	$0	$0
CATHY HRNCIAR	DIRECTOR	1.00	Director	$0	$0	$0
MATT SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
JACK DIBBLE	DIRECTOR	1.00	Director	$0	$0	$0
TONY HAHN	DIRECTOR	1.00	Director	$0	$0	$0
ADIN TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
SHORTY DEVALL	DIRECTOR	1.00	Director	$0	$0	$0
TIM FULTON	DIRECTOR	1.00	Director	$0	$0	$0
SID HELLE	DIRECTOR	1.00	Director	$0	$0	$0
ED CARLE	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MILLER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
LARRY ONEAL	DIRECTOR	1.00	Director	$0	$0	$0
JIM KENNEY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN TIBBS THRU 0523	EDUCATION DIRECTOR	40.00	Officer	$34,811	$0	$34,811

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	$1,462,668	$1,105,315	$1,323,005	$357,353
2022	$1,115,683	$1,229,036	$908,011	$-113,353
2021	$1,303,672	$1,226,167	$1,052,415	$77,505
2020	$934,770	$881,043	$773,349	$53,727
2019	$1,025,242	$1,015,089	$740,722	$10,153
2018	$998,250	$1,048,000	$759,715	$-49,750

ILLINOIS PROPANE GAS ASSOCIATION