ILLINOIS LABORERS-EMPLOYERS COOPERATION AND EDUCATION TRUST (EIN 376304539) - 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

1997

Legal Domicile

Principal Officer

DAVID FRYE

Phone

2175223381

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS LABORERS-EMPLOYERS COOPERATION AND EDUCATION TRUST, founded in 1997, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $797K, a strong 30% operating margin.

Mission

ADDRESS LABOR-MANAGEMENT NEEDS IN THE STATE OF ILLINOIS

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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 $1,908,820

Investment Income $191,108

Other Revenue $554,400

TOTAL REVENUE $2,654,328

Expense Breakdown

Grants Paid $32,265

Salaries & Benefits $630,166

Fundraising Expenses $0

Other Expenses $1,194,441

TOTAL EXPENSES $1,856,872

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,654,328	$2,180,652	+0.2%
Expenses	$1,856,872	$1,536,124	+0.2%
Net Income	$797,456	$644,528	+0.2%

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

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

$38,579

Total Directors

$33,230

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY PENN	TRUSTEE	1.00	Director	$0	$0	$0
GLYN RAMAGE	TRUSTEE	1.00	Director	$0	$7,470	$33,230
BRUCE HOLLAND	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN BOYD	TRUSTEE	1.00	Director	$0	$0	$0
JOE LAMB	TRUSTEE	1.00	Director	$0	$0	$0
JIM MEEK	TRUSTEE	1.00	Director	$0	$0	$0
JIM BRUNER	TRUSTEE	1.00	Director	$0	$0	$0
MATT SMITH	TRUSTEE	1.00	Director	$0	$0	$0
DAVID FRYE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RON PAUL	TRUSTEE	1.00	Director	$0	$0	$0
RANDY HARRIS	DIRECTOR	20.00	Officer	$30,000	$8,579	$38,579
MELANIE MATHEWSON	COMPTROLLER	8.00	Highest	$122,021	$90,242	$212,263
SEAN STOTT	POLITICAL DIRECTOR	1.00	Highest	$0	$139,724	$329,674
JEFFREY PENN	MROC DIRECTOR	1.00	Highest	$0	$104,647	$229,130
KURT FORNESS	DIRECTOR OF COMMUNICATIONS	1.00	Highest	$0	$69,208	$186,964
TIM ROSEBERRY	DIRECTOR OF COMMUNICATIONS	1.00	Highest	$0	$77,520	$192,769

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	$2,654,328	$1,856,872	$3,506,146	$797,456
2023	$2,180,652	$1,536,124	$2,691,619	$644,528
2022	$1,751,181	$1,483,812	$1,959,123	$267,369
2021	$1,787,094	$1,748,351	$1,984,731	$38,743
2020	$1,573,774	$1,365,158	$2,035,054	$208,616

ILLINOIS LABORERS-EMPLOYERS COOPERATION AND EDUCATION TRUST