ILLINOIS MUNICIPAL UTILITIES ASSOCIATION (EIN 370907478) - 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

1968

Legal Domicile

Principal Officer

KEVIN M GADEN

Phone

2177894632

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS MUNICIPAL UTILITIES ASSOCIATION, founded in 1968, is a small nonprofit that reported $543K in total revenue in fiscal year 2018. Expenses of $499K left a modest 8% surplus.

Mission

PROMOTE MUNICIPALLY-OWNED UTILITIES & PROVIDE TRAINING TO INCREASE EFFICIENCY.

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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 $14,677

Program Service Revenue $670,379

Investment Income $32,477

Other Revenue $0

TOTAL REVENUE $717,533

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $531,566

Other Expenses $629,837

TOTAL EXPENSES $633,837

Year-over-Year Comparison

	2024	2023	Change
Revenue	$717,533	$724,106	0.0%
Expenses	$633,837	$630,428	+0.0%
Net Income	$83,696	$93,678	-0.1%

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

N/A

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
JOSH ECKART	DIRECTOR	1.00	Director	$0	$0	$0
JOHN TOLAN	FIRST VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
SHANNON RISLEY	DIRECTOR	1.00	Director	$0	$0	$0
ERIC ROWOLD	DIRECTOR	1.00	Director	$0	$0	$0
JAKE MCCOY	DIRECTOR	1.00	Director	$0	$0	$0
DAN COOK	IMMEDIATE PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
DOUG BROWN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JEFF FIEGENSCHUH	DIRECTOR	1.00	Director	$0	$0	$0
JEFFERY MANGRICH	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
TROY FODOR	ASST. SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JESSE CARLTON	DIRECTOR	1.00	Director	$0	$0	$0
BRAD MYERS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN GROTH	SECOND VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
PETER SUHR	DIRECTOR	1.00	Director	$0	$0	$0
SUE MCLAUGHLIN	DIRECTOR	1.00	Director	$0	$0	$0
JASON DEERING	DIRECTOR	1.00	Director	$0	$0	$0
MIKE RYDER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GENTRY	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN GADEN	CEO	5.00	Officer	$0	$0	$0
CHRISTOPHER WISE	CFO	5.00	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
2024	$717,533	$633,837	$711,153	$83,696
2023	$724,106	$630,428	$627,457	$93,678
2022	$599,229	$580,793	$533,779	$18,436
2021	$525,596	$521,961	$515,343	$3,635
2020	$509,203	$483,118	$511,708	$26,085
2019	$561,775	$496,950	$485,623	$64,825
2018	$542,682	$498,724	$420,798	$43,958

ILLINOIS MUNICIPAL UTILITIES ASSOCIATION