ILLINOIS BUSINESS INNOVATION SERVICES (EIN 383906070) - 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

KEVIN COOK

Phone

8472744643

Tax Period

2020-07-01 to 2020-12-31

ILLINOIS BUSINESS INNOVATION SERVICES, founded in 2013, is a small nonprofit that reported $655K in total revenue in fiscal year 2020. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $817K exceeded revenue, resulting in a 25% operating deficit.

Mission

PROVIDE SUPERIOR EDUCATIONAL TRAINING AND EDUCATION TO PROMOTE JOB CREATION AND RETENTION.

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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 (2020)

Revenue Breakdown

Contributions & Grants $150,766

Program Service Revenue $213,648

Investment Income $9,334

Other Revenue $281,001

TOTAL REVENUE $654,749

Expense Breakdown

Grants Paid $0

Salaries & Benefits $640,060

Fundraising Expenses $0

Program Expenses $271,494

Other Expenses $176,748

TOTAL EXPENSES $816,808

Year-over-Year Comparison

	2020	2019	Change
Revenue	$654,749	$1,901,014	-0.7%
Expenses	$816,808	$2,385,212	-0.7%
Net Income	$-162,059	$-484,198	-0.7%

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

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
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
ANDY KOTLARZ	DIRECTOR	2.00	Director	$0	$0	$0
CURT MALONE	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT RATH	DIRECTOR	2.00	Director	$0	$0	$0
FRANCENE PELMON	INSTRUCTOR	40.00	Highest	$117,929	$4,380	$122,309
STEVEN GILBERT	INSTRUCTOR	48.50	Highest	$107,244	$14,072	$121,316
MICHAEL MCCAULEY	INSTRUCTOR	55.98	Highest	$134,829	$6,721	$141,550
TODD STUKENBERG	FORMER PRESIDENT	40.00		$103,451	$0	$103,451
SHARON ANDERSOHN	FORMER SECRETARY	40.00		$135,500	$0	$135,500
SANDRA MALIKOWSKI	FORMER TREASURER	40.00		$136,185	$16,099	$152,284

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