ILLINOIS HEALTH CARE 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

1950

Legal Domicile

Principal Officer

ASHLEY SNAVELY

Phone

2175286455

Tax Period

2025-01-01 to 2025-12-31

ILLINOIS HEALTH CARE ASSOCIATION, founded in 1950, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2025. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $1.4M left a modest 13% surplus.

Mission

TO LEAD IN ADVOCACY AND EDUCATION FOR OUR MEMBERS IN ILLINOIS. SERVICES INCLUDE ANNUAL CONVENTION, EDUCATIONAL SEMINARS, VARIOUS INDUSTRY NEWSLETTERS, AND OTHER SERVICES.

Program Service Accomplishments

Program 1

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

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,502,741

Investment Income $51,732

Other Revenue $54,222

TOTAL REVENUE $1,608,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $738,686

Fundraising Expenses $35,092

Other Expenses $661,706

TOTAL EXPENSES $1,400,392

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,608,695	$2,096,448	-0.2%
Expenses	$1,400,392	$2,370,401	-0.4%
Net Income	$208,303	$-273,953	-1.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BIBO	PRESIDENT	N/A	Director	$0	$0	$0
NEVILLE BILIMORIA	GENERAL COUN	N/A	Director	$0	$0	$0
TIM BLYTHE	SECRETARY	N/A	Director	$0	$0	$0
LISA FUNFSINN	ASSISTED LIV	N/A	Director	$0	$0	$0
LAWRENCE MASON	ID/DD REPRES	N/A	Director	$0	$0	$0
PETE MCDOWELL	ASSOC/IND ME	N/A	Director	$0	$0	$0
HOLGEIR OKSNEVAD	TREASURER	N/A	Director	$0	$0	$0
MICHELLE STUERCKE	LTCNA REPRES	N/A	Director	$0	$0	$0
ASHLEY SNAVELY	PRESIDENT AN	N/A	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
2025	$1,608,695	$1,400,392	$2,615,707	$208,303
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