Illinois Retired Teachers Association (EIN 370892878) - 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

1975

Legal Domicile

Principal Officer

Jessica Newbold Hoselton

Phone

2175238488

Tax Period

2024-01-01 to 2024-12-31

Illinois Retired Teachers Association, founded in 1975, is a community nonprofit in the Mutual Benefit sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $664K, a strong 35% operating margin.

Mission

To promote the economic, social and professional status of retired teachers and the exchange of

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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 $68,828

Program Service Revenue $1,284,775

Investment Income $347,407

Other Revenue $183,056

TOTAL REVENUE $1,884,066

Expense Breakdown

Grants Paid $0

Salaries & Benefits $730,347

Fundraising Expenses $0

Program Expenses $849,225

Other Expenses $489,789

TOTAL EXPENSES $1,220,136

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,884,066	$1,498,740	+0.3%
Expenses	$1,220,136	$1,358,000	-0.1%
Net Income	$663,930	$140,740	+3.7%

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

$324,039

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carolyn Godby	Director	1.00	Director	$0	$0	$0
David Davison	Past President	1.00	Director	$0	$0	$0
Deloris Turner	Director	1.00	Director	$0	$0	$0
Dixie Wheeler	Director	1.00	Director	$0	$0	$0
Marilyn Myers	Director	1.00	Director	$0	$0	$0
William Kurth	Director	1.00	Director	$0	$0	$0
James Earl Barr	Director	1.00	Director	$0	$0	$0
Janice Varner	Director	1.00	Director	$0	$0	$0
LaVonne Chaney	Secretary	1.00	Officer Director	$0	$0	$0
Evelyn Deimel	Director	1.00	Director	$0	$0	$0
Phylis Marie Cox	Director	1.00	Director	$0	$0	$0
Larry Thompson	Director	1.00	Director	$0	$0	$0
Mary May	Director	1.00	Director	$0	$0	$0
William Funkhouser	Director	1.00	Director	$0	$0	$0
Donnie Ostrom	Treasurer	1.00	Officer Director	$0	$0	$0
Patricia Bringaze	Director	1.00	Director	$0	$0	$0
Marcia Allen	Director	1.00	Director	$0	$0	$0
Lois Shartiag	Director	1.00	Director	$0	$0	$0
Wendy Wiegers	Director	1.00	Director	$0	$0	$0
Robert Lyons	Director	1.00	Director	$0	$0	$0
Bob Kaplan	Director	1.00	Director	$0	$0	$0
Rainy Kaplan	Vice President	1.00	Officer Director	$0	$0	$0
Charles Hlavaty	Director	1.00	Director	$0	$0	$0
Marjorie Sucansky	Director	1.00	Director	$0	$0	$0
Margaret Safarik	Director	1.00	Director	$0	$0	$0
Janis Vinson	Director	1.00	Director	$0	$0	$0
Donna Engel	Director	1.00	Director	$0	$0	$0
Jo Anne Nelson	Director	1.00	Director	$0	$0	$0
Joseph Vermeire	Director	1.00	Director	$0	$0	$0
Michael Schmidt	President	1.00	Officer Director	$0	$0	$0
Angela Van Brooker	Director	1.00	Director	$0	$0	$0
Erica Pinkley	Comptroller	37.50	Officer	$94,713	$18,947	$113,660
Jessica Newbold Hoselton	Executive Director	37.50	Officer	$173,036	$37,343	$210,379

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	$1,884,066	$1,220,136	$4,679,929	$663,930
2023	$1,498,740	$1,358,000	$4,016,194	$140,740
2022	$1,353,048	$1,532,162	$3,874,757	$-179,114
2021	$1,780,001	$1,187,263	$4,054,420	$592,738
2020	$1,332,691	$1,238,991	$3,572,925	$93,700
2019	$1,326,840	$1,064,552	$3,373,928	$262,288
2018	$1,324,821	$1,151,963	$3,116,266	$172,858

Illinois Retired Teachers Association