ILLINOIS POLICY INSTITUTE

EIN: 412057028 501(c)(3) Public & Societal Benefit

CHICAGO, IL

Total Revenue
$7,407,587
Total Expenses
$7,361,727
Total Assets
$2,638,119
Net Assets
$1,402,348
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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
IL
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.

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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%)

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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

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Governance

Voting Members
8
Independent Members
8
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
4
$397,121
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
5
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
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