ILLINOIS BUSINESS FINANCIAL SERVICES (EIN 371100487) - 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

1981

Legal Domicile

Principal Officer

EUGENE D GATHERS

Tax Period

2023-10-01 to 2024-09-30

ILLINOIS BUSINESS FINANCIAL SERVICES, founded in 1981, is a small nonprofit that reported $367K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring.

Mission

PROMOTE ECONOMIC AND SOCIAL WELFARE THROUGH ADMINISTRATION OF SBA LOAN PROGRAMS AND ESTABLISHMENT OF SPACE FOR A BUSINESS INCUBATION PROGRAM.

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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 $0

Program Service Revenue $366,894

Investment Income $9

Other Revenue $0

TOTAL REVENUE $366,903

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,042

Fundraising Expenses $0

Program Expenses $331,209

Other Expenses $313,740

TOTAL EXPENSES $362,782

Year-over-Year Comparison

	2023	2022	Change
Revenue	$366,903	$513,500	-0.3%
Expenses	$362,782	$544,474	-0.3%
Net Income	$4,121	$-30,974	-1.1%

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

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

$75,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIK READER	PRESIDENTCEO FORMER	40.00	Officer	$75,000	$0	$75,000
RACHAEL PARKER	DIRECTOR	0.50	Director	$0	$0	$0
DONALD JACKSON	DIRECTOR FORMER	0.50	Director	$0	$0	$0
KIMBERLEY RICHARDSON	DIRECTOR	0.50	Director	$0	$0	$0
JAMES TILLMAN	SECRETARY FORMER	0.50	Officer Director	$0	$0	$0
JOSH GRABER	TREASURER	1.00	Officer Director	$0	$0	$0
CORRY HARRIS	CHAIRPERSON FORMER	1.00	Officer Director	$0	$0	$0
LARAINE BRYSON	VICE CHAIRPERSON	0.50	Officer Director	$0	$0	$0
CHARLES RANDLE	AT-LARGE EXECUTIVE	1.00	Officer Director	$0	$0	$0
ALLEN KILGORE	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
EUGENE D GATHERS	PRESIDENTCEO	40.00	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	$366,903	$362,782	$388,874	$4,121
2023	$513,500	$544,474	$376,756	$-30,974
2022	$473,829	$260,434	$382,958	$213,395
2021	$260,879	$236,128	$153,119	$24,751
2020	$320,267	$292,041	$121,690	$28,226
2019	$369,425	$380,075	$102,675	$-10,650

ILLINOIS BUSINESS FINANCIAL SERVICES