ILLINOIS ASSOCIATION OF MEDICAID HEALTH PLANS (EIN 383904312) - 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

2013

Legal Domicile

Principal Officer

JILL HAYDEN

Phone

2173414720

Tax Period

2023-01-01 to 2023-12-31

ILLINOIS ASSOCIATION OF MEDICAID HEALTH PLANS, founded in 2013, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2018. Revenue surged 70% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 11% surplus.

Mission

TO ASSIST HEALTH PLANS, THE STATE AND HEALTHCARE PROVIDERS IN THE TRANSITION FROM A FEE-FOR-SERVICE MEDICAID PROGRAM TO A COORDINATED SYSTEM.

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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 $2,071,879

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,071,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $506,094

Fundraising Expenses $0

Other Expenses $1,046,993

TOTAL EXPENSES $1,553,087

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,071,879	$1,614,329	+0.3%
Expenses	$1,553,087	$1,489,434	+0.0%
Net Income	$518,792	$124,895	+3.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON GALEENER	TREASURER	1.00	Officer Director	$0	$0	$0
RUSHIL DESAI	SECRETARY	1.00	Officer Director	$0	$0	$0
MATT WOLF	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEB DUKE	DIRECTOR	1.00	Director	$0	$0	$0
CRISTAL GARY	DIRECTOR	1.00	Director	$0	$0	$0
NANCY WOHLHART	DIRECTOR	1.00	Director	$0	$0	$0
SAMANTHA OLDS FREY	FORMER EXECUTIVE DIRECTOR	40.00		$253,044	$18,123	$271,167

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	$2,071,879	$1,553,087	$1,264,063	$518,792
2022	$1,614,329	$1,489,434	$540,611	$124,895
2021	$1,343,510	$1,325,992	$586,271	$17,518
2020	$1,282,078	$1,430,053	$142,618	$-147,975
2019	$1,233,971	$1,449,529	$279,028	$-215,558
2018	$1,311,170	$1,162,669	$393,989	$148,501

ILLINOIS ASSOCIATION OF MEDICAID HEALTH PLANS