INDEPENDENT INSURANCE AGENTS OF ILLINOIS (EIN 371301916) - 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

1992

Legal Domicile

Principal Officer

PHIL LACKMAN

Phone

2177936660

Tax Period

2024-10-01 to 2025-09-30

INDEPENDENT INSURANCE AGENTS OF ILLINOIS, founded in 1992, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE OUR MEMBERS WITH A SUSTAINABLE COMPETITIVE ADVANTAGE.

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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 $0

Program Service Revenue $1,800,414

Investment Income $844,265

Other Revenue $439,646

TOTAL REVENUE $3,084,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,237,482

Fundraising Expenses $0

Other Expenses $1,792,623

TOTAL EXPENSES $3,030,105

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,084,325	$2,518,600	+0.2%
Expenses	$3,030,105	$2,927,680	+0.0%
Net Income	$54,220	$-409,080	-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

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

$528,006

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DUSTIN PETERSON	CHAIRPERSON - GOVERNMENT R	2.00	Director	$0	$0	$0
BRIAN OGDEN	CHAIRPERSON - TECHNOLOGY	2.00	Director	$0	$0	$0
AMIRI CURRY	AT-LARGE BOARD MEMBER	2.00	Director	$0	$0	$0
JEFFREY MCMILLAN	AT-LARGE BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS LEMING	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
RAYMOND ROENTZ	REGION 2 DIRECTOR	2.00	Director	$0	$0	$0
NOELE TATLOCK	REGION 5 DIRECTOR	2.00	Director	$0	$0	$0
DAVID JENK	REGION 7 DIRECTOR	2.00	Director	$0	$0	$0
CHARLES HRUSKA IV	REGION 8 DIRECTOR	2.00	Director	$0	$0	$0
LINDSEY POLZIN	REGION 9 DIRECTOR	2.00	Director	$0	$0	$0
MOHAMMED ALI	REGION 10 DIRECTOR	2.00	Director	$0	$0	$0
LISA LUKENS	CHAIRPERSON - EDUCATION	2.00	Director	$0	$0	$0
THOMAS EVANS JR	PRESIDENT - ELECT	10.00	Officer Director	$0	$0	$0
NICK GUNN	CHAIRPERSON - PLANNING AND	2.00	Director	$0	$0	$0
STEVEN FOSTER	FARM AGENTS COUNCIL REPRES	2.00	Director	$0	$0	$0
CODY IMMING	CHAIRPERSON - YOUNG AGENTS	2.00	Director	$0	$0	$0
ALLYSON PADILLA	CHAIRPERSON	10.00	Officer Director	$0	$0	$0
PATRICK TAPHORN	PRESIDENT	10.00	Officer Director	$0	$0	$0
CYNTHIA JACKMAN	SECRETARY/TREASURER	10.00	Officer Director	$0	$0	$0
GEORGE DALY	STATE NATIONAL DIRECTOR -	10.00	Officer Director	$0	$0	$0
LUCAS SANDROCK	AT-LARGE BOARD MEMBER	2.00	Director	$0	$0	$0
PHIL LACKMAN	CEO	35.00	Officer	$293,655	$37,865	$331,520
MARK KUCHAR	CFO	35.00	Officer	$154,958	$41,528	$196,486
BRETT GERGER	DIRECTOR OF EDUCATION & AG	35.00	Highest	$151,367	$20,139	$171,506

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
2025	$3,084,325	$3,030,105	$6,463,941	$54,220
2024	$2,518,600	$2,927,680	$6,442,275	$-409,080
2023	$2,818,160	$2,720,176	$5,773,192	$97,984
2022	$2,746,070	$2,709,543	$5,680,229	$36,527
2021	$2,547,149	$2,374,335	$6,612,420	$172,814
2020	$2,464,347	$2,529,484	$5,772,678	$-65,137
2019	$2,691,466	$2,821,679	$5,905,612	$-130,213
2018	$2,882,617	$2,779,615	$6,056,254	$103,002

INDEPENDENT INSURANCE AGENTS OF ILLINOIS