ILLINOIS BUSINESS INNOVATION SERVI… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

KEVIN COOK

Phone

8472744643

Tax Period

2019-07-01 to 2020-06-30

ILLINOIS BUSINESS INNOVATION SERVICES, founded in 2013, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2019. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 25% operating deficit.

Mission

PROVIDE SUPERIOR EDUCATIONAL TRAINING TO PROMOTE A THRIVING U.S. ECONOMIC BASE BY PROVIDING EXCEPTIONAL HIGH QUALITY EDUCATION IN NUMEROUS DISCIPLINES THAT CREATE AND RETAIN JOBS.

Program Service Accomplishments

Program 1

Expenses: $1,815,744 Revenue: $1,730,927

PROVIDE SUPERIOR EDUCATIONAL TRAINING TO PROMOTE A THRIVING U.S. ECONOMIC BASE BY PROVIDING EXCEPTIONAL HIGH QUALITY EDUCATION IN NUMEROUS DISCIPLINES THAT CREATE AND RETAIN JOBS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $166,918

Program Service Revenue $1,730,927

Investment Income $3,169

Other Revenue $0

TOTAL REVENUE $1,901,014

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,744,131

Fundraising Expenses $17,441

Program Expenses $1,815,744

Other Expenses $641,081

TOTAL EXPENSES $2,385,212

Year-over-Year Comparison

	2019	2018	Change
Revenue	$1,901,014	$2,456,173	-0.2%
Expenses	$2,385,212	$2,870,995	-0.2%
Net Income	$-484,198	$-414,822	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$482,732

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC C BLACKMAN	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN COOK	DIRECTOR	2.00	Director	$0	$0	$0
RICK DELAWDER	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT RATH	DIRECTOR	2.00	Director	$0	$0	$0
CURT MALONE	DIRECTOR	2.00	Director	$0	$0	$0
ANDY KOTLARZ	DIRECTOR	2.00	Director	$0	$0	$0
MARY ROSE HENNESSY	PRESIDENT EMERITUS	40.00	Officer	$27,800	$0	$27,800
KEVIN HOGAN	VICE PRESIDENT	40.00	Officer	$115,000	$0	$115,000
TODD STUKENBERG	PRESIDENT	40.00	Officer	$112,500	$0	$112,500
SHARON ANDERSOHN	SECRETARY	40.00	Officer	$108,415	$0	$108,415
SANDRA MALIKOWSKI	TREASURER	40.00	Officer	$104,861	$14,156	$119,017
CHARLES LIEDTKE	INSTRUCTOR	52.98	Highest	$160,974	$0	$160,974
MICHAEL POP	INSTRUCTOR	59.96	Highest	$159,569	$19,930	$179,499
FRANCENE PELMON	INSTRUCTOR	40.84	Highest	$120,543	$4,619	$125,162
STEVEN GILBERT	INSTRUCTOR	82.42	Highest	$182,411	$15,692	$198,103
MICHAEL MCCAULEY	INSTRUCTOR	61.04	Highest	$144,473	$10,252	$154,725

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
2020	$1,901,014	$2,385,212	$883,752	$-484,198
2020	$654,749	$816,808	No data	$-162,059
2019	$2,456,173	$2,870,995	$1,189,518	$-414,822

ILLINOIS BUSINESS INNOVATION SERVICES