ILLINOIS BUSINESS EDUCATION ASSOCIATION

EIN: 376057589 501(c)(3) Education

JOLIET, IL

Total Revenue
$89,339
Total Expenses
$58,589
Total Assets
$1,159,887
Net Assets
$1,159,887
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
IL
Principal Officer
KATHLEEN DAUGHERTY
Phone
8156343237
Tax Period
2018-07-01 to 2019-06-30

ILLINOIS BUSINESS EDUCATION ASSOCIATION, founded in 1941, is a micro nonprofit in the Education sector that reported $89K in total revenue in fiscal year 2018. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $31K, a strong 34% operating margin.

Mission

PROMOTING THE BUSINESS EDUCATION PROFESSION AND PROVIDING THE ENVIRONMENT AND ENCOURAGEMENT TO IMPROVE PROFESSIONAL ENDEAVORS THROUGH CONFERENCES, PUBLICATIONS AND SCHOLARSHIPS.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $8,068
Program Service Revenue $35,849
Investment Income $45,422
Other Revenue $0
TOTAL REVENUE $89,339

Expense Breakdown

Grants Paid $8,700
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $56,763
Other Expenses $49,889
TOTAL EXPENSES $58,589

Year-over-Year Comparison

2018 2017 Change
Revenue $89,339 $105,179 -0.2%
Expenses $58,589 $70,208 -0.2%
Net Income $30,750 $34,971 -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

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Governance

Voting Members
25
Independent Members
25
Employees
N/A
Volunteers
30

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
8
$800
Total Directors
29
$1,100
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIANE MAHINDA PRESIDENT 5.00
Officer Director
$0 $0 $0
KATHLEEN DAUGHERTY PRESIDENT 5.00
Officer Director
$0 $0 $0
PATRICE BOYLES FIRST VP 5.00
Officer Director
$0 $0 $0
CAROL BROOKS SECOND VP 5.00
Officer Director
$0 $0 $0
BETSY MEHLBERG SECRETARY 5.00
Officer Director
$0 $0 $0
DARCY JEFFRIES TREASURER 5.00
Officer Director
$300 $0 $300
CHRISTIE HOVEY IMMED. PAST 5.00
Officer Director
$0 $0 $0
JOHN MADDEN CABEA 5.00
Director
$0 $0 $0
KYE-ANNE WILBORN CBEA 5.00
Director
$0 $0 $0
AMY BAILEY CIBEA 5.00
Director
$0 $0 $0
JON LEBOLD EIBEA 5.00
Director
$0 $0 $0
JESSIE ERVIN MIBEA 5.00
Director
$0 $0 $0
CONNIE CAMPBELL NIBEA 5.00
Director
$0 $0 $0
JOSH EBBERT PABEA 5.00
Director
$0 $0 $0
KENDRA WOFFORD SIBEA 5.00
Director
$0 $0 $0
LORI KUITHE SWABEA 5.00
Director
$0 $0 $0
JODEE WERKHEISER WIABEA 5.00
Director
$0 $0 $0
JEAN CORNELL STUDENT REP 5.00
Director
$0 $0 $0
HEIDI EATON NCBEA 5.00
Director
$0 $0 $0
TAMMY DAVIS MEMBER-AT-LA 5.00
Director
$0 $0 $0
DEENA POWELL MEMBER-AT-LA 5.00
Director
$0 $0 $0
BRANDON OATES MEMBER-AT-LA 5.00
Director
$0 $0 $0
KAREN SKAGGS MEMBER-AT-LA 5.00
Director
$0 $0 $0
KAREN DRAGE MEMBER-AT-LA 5.00
Director
$0 $0 $0
SUSAN TIMM MEMBER-AT-LA 5.00
Director
$0 $0 $0
LACY BUGIELSKI REPORTS EDIT 5.00
Director
$0 $0 $0
JOHN DEWEESE ISBE LIASION 5.00
Director
$0 $0 $0
DAVID CALKINS WEBMASTER 5.00
Director
$300 $0 $300
GARY HUTCHINSON EXECUTIVE DI 5.00
Officer Director
$500 $0 $500
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
2019 $89,339 $58,589 $1,159,887 $30,750
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