EAST CENTRAL ILLINOIS OLDER AMERIC… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

RUTH ANN LIPIC

Phone

3098292065

Tax Period

2023-10-01 to 2024-09-30

EAST CENTRAL ILLINOIS OLDER AMERICANS RESOURCE CORPORATION, founded in 1984, is a micro nonprofit that reported $89K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $14K, a strong 15% operating margin.

Mission

EAST CENTRAL ILLINOIS OLDER AMERICANS RESOURCES CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR HOLDING TITLE TO REAL AND PERSONAL PROPERTY, COLLECTING INCOME THEREFROM, AND PAYING EXPENSES RELATED THERETO. THE CORPORATION LEASES SPACE TO THE EAST CENTRAL ILLINOIS AREA AGENCY ON AGING AND TO SARAH BUSH LINCOLN HEALTH CENTER.

Program Service Accomplishments

Program 1

EAST CENTRAL ILLINOIS OLDER AMERICANS RESOURCE CORPORATION LEASES REAL PROPERTY TO TWO NONPROFIT ORGANIZATIONS WHICH PROVIDE SERVICES TO OLDER AMERICANS.

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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 $89,155

Investment Income $9

Other Revenue $0

TOTAL REVENUE $89,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $75,488

TOTAL EXPENSES $75,488

Year-over-Year Comparison

	2023	2022	Change
Revenue	$89,164	$94,887	-0.1%
Expenses	$75,488	$83,204	-0.1%
Net Income	$13,676	$11,683	+0.2%

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

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
STEPHEN MELEGA	SECRETARY	0.50	Officer Director	$0	$0	$0
RUTH ANN LIPIC	PRESIDENT	0.50	Officer Director	$0	$0	$0
STEVE BRADY	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
SUSAN H REDMAN	TREASURER	0.50	Officer 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	$89,164	$75,488	$1,030,599	$13,676
2023	$94,887	$83,204	$845,185	$11,683
2022	$64,424	$51,516	$754,529	$12,908
2021	$54,079	$73,315	$848,539	$-19,236
2020	$52,499	$55,442	$744,711	$-2,943
2019	$46,814	$48,478	$714,506	$-1,664
2018	$52,429	$39,629	$698,502	$12,800

EAST CENTRAL ILLINOIS OLDER AMERICANS RESOURCE CORPORATION