Seventh Circuit Bar Association (EIN 396063424) - 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

Legal Domicile

Phone

3124351050

Tax Period

2018-07-01 to 2019-06-30

Seventh Circuit Bar Association is a small nonprofit that reported $277K in total revenue in fiscal year 2018. Revenue decreased 16% compared to the prior year. Expenses of $355K exceeded revenue, resulting in a 28% operating deficit.

Mission

Foster communication within 7th Circuit Court through annual meetings held in collaboration with annual judicial council meetings of U.S. Court of Appeals for 7th Circuit as well as communication through website.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $277,457

Investment Income $27

Other Revenue $0

TOTAL REVENUE $277,484

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,442

Fundraising Expenses $0

Program Expenses $355,161

Other Expenses $306,719

TOTAL EXPENSES $355,161

Year-over-Year Comparison

	2018	2017	Change
Revenue	$277,484	$328,654	-0.2%
Expenses	$355,161	$523,141	-0.3%
Net Income	$-77,677	$-194,487	-0.6%

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

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
Elizabeth Herrington	President	1.00	Officer	$0	$0	$0
Randall D Crocker	Vice President	1.00	Officer	$0	$0	$0
Michael A Scodro	Vice President	1.00	Officer	$0	$0	$0
Howard L Adelman	Treasurer	1.00	Officer	$0	$0	$0
Thomas McQueen	Secretary	1.00	Officer	$0	$0	$0

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
2019	$277,484	$355,161	$257,494	$-77,677
2018	$328,654	$523,141	$344,616	$-194,487

Seventh Circuit Bar Association