ILLINOIS HEALTH CARE ASSOCIATION (EIN 370857327) - 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

1950

Legal Domicile

Principal Officer

ASHLEY SNAVELY

Phone

2175286455

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS HEALTH CARE ASSOCIATION, founded in 1950, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Expenses of $2.4M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE VARIOUS SERVICES TO ITS MEMBERS, PRIMARILY LONG-TERM HEALTH CARE FACILITIES IN THE STATE

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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 $0

Program Service Revenue $1,960,165

Investment Income $31,861

Other Revenue $104,422

TOTAL REVENUE $2,096,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,054,730

Fundraising Expenses $180,883

Other Expenses $1,315,671

TOTAL EXPENSES $2,370,401

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,096,448	$2,048,767	+0.0%
Expenses	$2,370,401	$2,197,336	+0.1%
Net Income	$-273,953	$-148,569	+0.8%

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

$135,602

Total Directors

Key Employees

$322,034

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT HARTMAN	PAST EXECUTI	37.00	Key Emp	$286,436	$35,598	$322,034
ASHLEY SNAVELY	PRESIDENT AN	37.00	Officer	$121,312	$14,290	$135,602
THOMAS ANNARELLA	PRESIDENT	2.00	Director	$0	$0	$0
MICHAEL BIBO	ID/DD REPRES	2.00	Director	$0	$0	$0
NEVILLE BILIMORIA	GENERAL COUN	2.00	Director	$0	$0	$0
TIM BLYTHE	MULTI-FACILI	2.00	Director	$0	$0	$0
ANDREW CUTLER	ASSOC/IND ME	2.00	Director	$0	$0	$0
LISA FUNFSINN	ASSISTED LIV	2.00	Director	$0	$0	$0
DOUGLAS POSTLEWAIT	NOT-FOR-PROF	2.00	Director	$0	$0	$0
SCOTT STOUT	NF INDEPENDE	2.00	Director	$0	$0	$0
MICHELLE STUERCKE	LTCNA REPRES	2.00	Director	$0	$0	$0
SAM THOMPSON	TREASURER	2.00	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
2024	$2,096,448	$2,370,401	$2,353,849	$-273,953
2023	$2,048,767	$2,197,336	$3,252,295	$-148,569
2022	$2,078,457	$2,346,072	$3,232,411	$-267,615
2021	$2,409,685	$2,347,899	$3,509,916	$61,786
2020	$2,215,922	$2,190,395	$2,981,399	$25,527
2019	$2,345,335	$2,281,620	$2,867,166	$63,715
2018	$2,512,658	$2,539,359	$2,681,597	$-26,701

ILLINOIS HEALTH CARE ASSOCIATION