ILLINOIS LUMBER AND MATERIAL DEALERS INSURANCE TRUST (EIN 371238314) - 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

1988

Legal Domicile

Principal Officer

SARA DECATOIRE

Phone

2175445405

Tax Period

2023-03-01 to 2024-02-29

ILLINOIS LUMBER AND MATERIAL DEALERS INSURANCE TRUST, founded in 1988, is a micro nonprofit that reported $10K in total revenue in fiscal year 2023. Revenue surged 115% from the prior year, signaling strong growth momentum. Expenses of $86K exceeded revenue, resulting in a 719% operating deficit.

Mission

PROVIDE TRAINING AND EDUCATION BENEFITS TO THE PARTICIPANTS OF THE TRUST

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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 $0

Investment Income $6,157

Other Revenue $4,300

TOTAL REVENUE $10,457

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $43,664

TOTAL EXPENSES $85,664

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,457	$4,871	+1.1%
Expenses	$85,664	$86,175	0.0%
Net Income	$-75,207	$-81,304	-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	Role	Reportable Comp	Other Comp	Total
DAN WELTY	CHAIRMAN	Officer Director	$0	$0	$0
MAURICE NETEMEYER	TRUSTEE	Director	$0	$0	$0
BOB METTE	TRUSTEE	Director	$0	$0	$0
LESTER GRAY	TRUSTEE	Director	$0	$0	$0
DOUG WHITE	TRUSTEE	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	$4,633	$75,329	No data	$-70,696
2024	$10,457	$85,664	$70,696	$-75,207
2023	$4,871	$86,175	$148,360	$-81,304
2022	$30,351	$84,086	$241,220	$-53,735
2021	$26,754	$83,829	$307,075	$-57,075
2020	$91,188	$87,364	$335,778	$3,824
2019	$35,218	$143,706	$402,069	$-108,488

ILLINOIS LUMBER AND MATERIAL DEALERS INSURANCE TRUST