Illinois Broadcasters Association (EIN 376047595) - 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

1948

Legal Domicile

Principal Officer

Drew Horowitz

Phone

6189855555

Tax Period

2023-01-01 to 2023-12-31

Illinois Broadcasters Association, founded in 1948, is a small nonprofit that reported $363K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 182% operating deficit.

Mission

To be the leading advocate for the broadcast industry, to shape public policy and to create a positive legislative and regulatory environment for its members, assist its members in continuing industry education, legal support services, and public outreach.

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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 $234,299

Investment Income $128,595

Other Revenue $558

TOTAL REVENUE $363,452

Expense Breakdown

Grants Paid $68,215

Salaries & Benefits $381,475

Fundraising Expenses $0

Other Expenses $576,814

TOTAL EXPENSES $1,026,504

Year-over-Year Comparison

	2023	2022	Change
Revenue	$363,452	$932,992	-0.6%
Expenses	$1,026,504	$1,030,362	0.0%
Net Income	$-663,052	$-97,370	+5.8%

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

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

$304,600

Total Directors

$29,572

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matt Scarano	Chairman	1.00	Officer Director	$0	$0	$0
Paul Rennie	Immediate Past Chairman	1.00	Officer Director	$0	$0	$0
Kevin Cross	Chairman-Elect	1.00	Officer Director	$0	$0	$0
Sarah Shellhammer	Executive Vice-Chair	1.00	Officer Director	$0	$0	$0
Drew Horowitz	Treasurer	1.00	Officer Director	$0	$0	$0
Clay Koenig	Director	1.00	Director	$0	$0	$0
John Idler	Director	1.00	Director	$0	$0	$0
Fletcher Ford	Director	1.00	Director	$0	$0	$0
Mike Hulvey	Director	1.00	Director	$0	$0	$0
Jim Kizer	Director	1.00	Director	$0	$0	$0
Luis Godinez	Director	1.00	Director	$0	$0	$0
Jennifer Lyons	Vice-Chair TV	1.00	Director	$0	$0	$0
Tim Meyers	Director	1.00	Director	$0	$0	$0
Marv Nyren	Director	1.00	Director	$0	$0	$0
Shaun Newell	Director	1.00	Director	$0	$0	$0
Carlos Fernandez	Director	1.00	Director	$0	$0	$0
Dana Withers	Vice-Chair Radio	1.00	Director	$0	$0	$0
Don Craven	IBA Attorney	1.00	Director	$0	$0	$0
Scott Flick	IBA DC Attorney	1.00	Director	$0	$0	$0
Debra Gray	Marketing Director	40.00	Director	$29,572	$0	$29,572
Jim Grimes	IBAcademic Chair	1.00	Director	$0	$0	$0
Emily Barr	Director Emeritus	1.00	Director	$0	$0	$0
Mary Boyle	Director	1.00	Director	$0	$0	$0
Marv Dyson	Director	1.00	Director	$0	$0	$0
Charles Grisham	Director	1.00	Director	$0	$0	$0
Roger Lundeen	Director	1.00	Director	$0	$0	$0
Dennis Lyle	President & CEO	40.00	Officer	$304,600	$0	$304,600

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	$363,452	$1,026,504	$3,998,624	$-663,052
2022	$932,992	$1,030,362	$4,311,628	$-97,370
2021	$1,250,311	$877,496	$4,875,921	$372,815
2020	$1,363,860	$820,900	$4,158,058	$542,960
2019	$1,127,504	$1,072,660	$3,446,538	$54,844
2018	$1,417,477	$1,062,832	$3,137,910	$354,645

Illinois Broadcasters Association