ILLINOIS VALLEY ECONOMIC DEVELOPMENT CORPORATION (EIN 376059503) - 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

1966

Legal Domicile

Principal Officer

STEPHANIE STAHLHUT

Phone

2178394431

Tax Period

2024-07-01 to 2025-06-30

ILLINOIS VALLEY ECONOMIC DEVELOPMENT CORPORATION, founded in 1966, is a mid-sized nonprofit in the Human Services sector that reported $13.5M in total revenue in fiscal year 2024. Expenses of $11.9M left a modest 12% surplus.

Mission

IVEDC RUNS PROGRAMS TO ASSIST LOW-INCOME, DISABLED, ELDERLY, AND INDIVIDUALS AND FAMILIES IN NEED.

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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 $10,612,182

Program Service Revenue $2,677,335

Investment Income $97,448

Other Revenue $103,913

TOTAL REVENUE $13,490,878

Expense Breakdown

Grants Paid $3,714,339

Salaries & Benefits $5,955,790

Fundraising Expenses $0

Program Expenses $10,580,948

Other Expenses $2,250,070

TOTAL EXPENSES $11,920,199

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,490,878	$12,940,516	+0.0%
Expenses	$11,920,199	$12,345,548	0.0%
Net Income	$1,570,679	$594,968	+1.6%

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

277

Volunteers

191

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

$221,157

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA DAVIDSON	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
BECKY SHIPLEY	VICE BOARD CHAIR	2.00	Officer Director	$0	$0	$0
JOYCE CLARK	TREASURER	2.00	Officer Director	$0	$0	$0
SHAWNA POE	SECRETARY	2.00	Officer Director	$0	$0	$0
JACOB COPPLE	DIRECTOR	2.00	Director	$0	$0	$0
DANA YOWELL	DIRECTOR	2.00	Director	$0	$0	$0
LARRY SCHMIDT	DIRECTOR	2.00	Director	$0	$0	$0
CAROL SCHAFFNER	DIRECTOR	2.00	Director	$0	$0	$0
CINDY COFFMAN	DIRECTOR	2.00	Director	$0	$0	$0
SARAH WORKMAN	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD LOTT	DIRECTOR	2.00	Director	$0	$0	$0
GARY KRUEGER	DIRECTOR	2.00	Director	$0	$0	$0
LYNN ROBINSON	DIRECTOR	2.00	Director	$0	$0	$0
KATHY ROGERS	DIRECTOR	2.00	Director	$0	$0	$0
BETH TRIPLETT	DIRECTOR	2.00	Director	$0	$0	$0
AMBER NASH	DIRECTOR	2.00	Director	$0	$0	$0
KATIE ABBEY	DIRECTOR	2.00	Director	$0	$0	$0
LISA SMITH	DIRECTOR	2.00	Director	$0	$0	$0
ANGELA ALLEN	DIRECTOR	2.00	Director	$0	$0	$0
SANDY TEICHMANN	DIRECTOR	2.00	Director	$0	$0	$0
JESSICA BAZE	DIRECTOR	2.00	Director	$0	$0	$0
LYNN PETRELLI	CFO	40.00	Officer	$92,970	$16,710	$109,680
STEPHANIE STAHLHUT	EXECUTIVE DIRECTOR	40.00	Officer	$96,196	$15,281	$111,477

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	$13,490,878	$11,920,199	$13,108,858	$1,570,679
2024	$12,940,516	$12,345,548	$11,582,215	$594,968
2023	$14,462,276	$13,825,549	$10,874,718	$636,727
2022	$12,871,586	$12,666,759	$10,213,117	$204,827
2021	$12,352,802	$11,405,196	$10,337,143	$947,606
2020	$9,027,042	$8,800,561	$9,647,456	$226,481
2019	$8,900,819	$8,699,740	$8,335,328	$201,079

ILLINOIS VALLEY ECONOMIC DEVELOPMENT CORPORATION