ILLINOIS PROPANE EDUCATION AND RESEARCH COUNCIL (EIN 371367221) - 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

1998

Legal Domicile

Principal Officer

DAN PANNIER

Phone

2175258000

Tax Period

2023-01-01 to 2023-12-31

ILLINOIS PROPANE EDUCATION AND RESEARCH COUNCIL, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 6% surplus.

Mission

IPERC IS MANDATED BY LAW TO ESTABLISH PROGRAMS FOR THE ADVANCEMENT OF ILLINOIS' PROPANE INDUSTRY IN THE AREAS OF CONSUMER AND EMPLOYEE SAFETY AND TRAINING, PUBLIC INFORMATION AND EDUCATION ABOUT SAFETY AND OTHER ISSUES WITH THE USE OF PROPANE, AND RESEARCH AND DEVELOPMENT OF CLEAN, SAFE AND EFFICIENT PROPANE UTILIZATION EQUIPMENT.

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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 $381,938

Program Service Revenue $698,755

Investment Income $10,692

Other Revenue $0

TOTAL REVENUE $1,091,385

Expense Breakdown

Grants Paid $935,494

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $935,494

Other Expenses $91,082

TOTAL EXPENSES $1,026,576

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,091,385	$767,673	+0.4%
Expenses	$1,026,576	$1,152,935	-0.1%
Net Income	$64,809	$-385,262	-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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN PANNIER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JEFF THOMPSON	TREASURER	1.00	Officer Director	$0	$0	$0
RON KAUFMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
GORDON WILLIAMS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHUCK CAWLEY	PUBLIC MEMBER	1.00	Director	$0	$0	$0
BRAD JACOBSON	PUBLIC MEMBER	1.00	Director	$0	$0	$0
GARRETT SAVAGE	RETAIL MARKETER MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$1,091,385	$1,026,576	$1,598,460	$64,809
2022	$767,673	$1,152,935	$1,420,018	$-385,262
2021	$1,080,109	$1,132,375	$1,595,596	$-52,266
2020	$1,159,620	$754,995	$1,615,222	$404,625
2019	$1,281,174	$825,659	$1,175,495	$455,515
2018	$1,114,941	$775,775	$719,771	$339,166

ILLINOIS PROPANE EDUCATION AND RESEARCH COUNCIL