ILLINOIS POLICY INSTITUTE

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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

2002

Legal Domicile

Principal Officer

MATTHEW PAPROCKI

Phone

3123465700

Tax Period

2023-01-01 to 2023-12-31

ILLINOIS POLICY INSTITUTE, founded in 2002, is a community nonprofit in the Public & Societal Benefit sector that reported $7.4M in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum.

Mission

THE INSTITUTE IS A FREE MARKET ORIENTED THINK TANK DEDICATED TO GATHERING, DISSEMINATING, AND EDUCATING ILLINOIS CONSTITUENTS ON LOCAL, STATE, AND FEDERAL PUBLIC POLICY ISSUES FACING ILLINOIS.

Program Service Accomplishments

Program 1

Expenses: $5,236,368

ILLINOIS POLICY INSTITUTE CONDUCTS RESEARCH ON A VARIETY OF ISSUES, INCLUDING FISCAL MATTERS, EDUCATION POLICY, AND GOVERNMENT REFORM. THE INSTITUTE SHARES ITS FINDINGS WITH RELEVANT AUDIENCES VIA...

ILLINOIS POLICY INSTITUTE CONDUCTS RESEARCH ON A VARIETY OF ISSUES, INCLUDING FISCAL MATTERS, EDUCATION POLICY, AND GOVERNMENT REFORM. THE INSTITUTE SHARES ITS FINDINGS WITH RELEVANT AUDIENCES VIA POLICY PAPERS, MEDIA APPEARANCES, SPEAKING ENGAGEMENTS, AND OTHER PUBLIC FORUMS. ALL OF HE INSTITUTE'S RESEARCH IS DESIGNED TO BETTER EDUCATE AND BENEFIT ILLINOIS RESIDENTS, TAXPAYERS, MEDIA, AND GOVERNMENT OFFICIALS ON THE POLICIES CONFRONTING 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 (2023)

Revenue Breakdown

Contributions & Grants $7,359,133

Program Service Revenue $0

Investment Income $27,613

Other Revenue $20,841

TOTAL REVENUE $7,407,587

Expense Breakdown

Grants Paid $505,299

Salaries & Benefits $2,357,515

Fundraising Expenses $1,310,986

Program Expenses $5,236,368

Other Expenses $4,498,913

TOTAL EXPENSES $7,361,727

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,407,587	$5,289,743	+0.4%
Expenses	$7,361,727	$7,796,504	-0.1%
Net Income	$45,860	$-2,506,761	-1.0%

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

N/A

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

$397,121

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN TILLMAN	CHAIRMAN	5.00	Officer Director	$0	$0	$0
MARK MILLER	SECRETARY	1.00	Officer Director	$0	$0	$0
ART MARGULIS	TREASURER	1.00	Officer Director	$0	$0	$0
SHERRY STREET	DIRECTOR	1.00	Director	$0	$0	$0
SARA ALBRECHT	DIRECTOR	1.00	Director	$0	$0	$0
ED BACHRACH	VICE CHAIRMAN	1.00	Director	$0	$0	$0
RICHARD WEISS	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG MANSKE	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW PAPROCKI	PRESIDENT	28.00	Officer	$258,178	$26,489	$397,121
MAILEE SMITH	STAFF ATTORNEY	30.00	Highest	$76,263	$19,906	$121,590
AMY KORTE	EXECUTIVE VP	30.00	Highest	$127,594	$6,157	$176,282
JAMES LONG	VP OF GOVERNMENT AFF	24.00	Highest	$82,762	$22,864	$160,801
CHRISTOPHER ANDRIESEN	VP OPERATIONS	28.00	Highest	$83,823	$22,139	$141,886
HILARY YELVINGTON	VP OF COMMUNICATIONS	30.00	Highest	$107,000	$5,567	$148,234

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	$7,407,587	$7,361,727	$2,638,119	$45,860
2022	$5,289,743	$7,796,504	$2,835,179	$-2,506,761
2021	$9,912,518	$9,612,672	$6,879,470	$299,846
2020	$7,500,535	$7,293,409	$3,766,978	$207,126
2020	$7,500,535	$7,293,409	$3,766,978	$207,126
2019	$7,910,648	$7,092,105	$3,652,250	$818,543
2018	$7,757,101	$5,871,517	$2,814,263	$1,885,584