Abate of Illinois Inc (EIN 371217154) - 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

1987

Legal Domicile

Principal Officer

Paul Truax

Phone

3093436588

Tax Period

2023-01-01 to 2023-12-31

Abate of Illinois Inc, founded in 1987, is a small nonprofit that reported $221K in total revenue in fiscal year 2023.

Mission

Promote Motorcycle Safety

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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 $148,443

Program Service Revenue $880

Investment Income $6,567

Other Revenue $65,160

TOTAL REVENUE $221,050

Expense Breakdown

Grants Paid $13,669

Salaries & Benefits $32,221

Fundraising Expenses $0

Program Expenses $193,501

Other Expenses $162,921

TOTAL EXPENSES $231,140

Year-over-Year Comparison

	2023	2022	Change
Revenue	$221,050	$224,480	0.0%
Expenses	$231,140	$184,064	+0.3%
Net Income	$-10,090	$40,416	-1.2%

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

Volunteers

250

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
Paul Truax	Treasurer	5.00	Officer Director	$0	$0	$0
Bob Ellinger	President	2.00	Officer Director	$0	$0	$0
Scott Carter	Director	2.00	Officer Director	$0	$0	$0
Paula Ward	Director	2.00	Director	$0	$0	$0
Sharilyn Kibler-Russell	Director	2.00	Director	$0	$0	$0
Howard Nation	Director	2.00	Director	$0	$0	$0
William Mills	Director	2.00	Director	$0	$0	$0
John Anderson	Director	2.00	Director	$0	$0	$0
Bob Stout	Director	2.00	Director	$0	$0	$0
Martha Patterson	Director	2.00	Director	$0	$0	$0
Teri Smith	Secretary	2.00	Director	$0	$0	$0
Paulette Korte	Director	2.00	Director	$0	$0	$0
Sonya Link	Director	2.00	Director	$0	$0	$0
Chris Hansen	Director	2.00	Director	$0	$0	$0
Rich Gruner	Director	2.00	Director	$0	$0	$0
Robert Ruddell	Director	2.00	Officer Director	$0	$0	$0
Josh Witkowski	Director	2.00	Director	$0	$0	$0
Mark Werries	Director	2.00	Director	$0	$0	$0
Mad Maxx Meier	Director	2.00	Director	$0	$0	$0
Steve Norman	Director	2.00	Director	$0	$0	$0
Ryan Hubbard	Director	2.00	Director	$0	$0	$0
Mike Mahorney	Director	2.00	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
2023	$221,050	$231,140	$272,104	$-10,090
2022	$224,480	$184,064	$296,151	$40,416
2021	$236,962	$160,377	$258,201	$76,585
2020	$207,153	$178,435	$181,592	$28,718
2019	$229,454	$254,178	$155,776	$-24,724
2018	$196,802	$215,249	$182,332	$-18,447

Abate of Illinois Inc