ILLINOIS INDEPENDENT TELEPHONE ASSO (EIN 437600842) - 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

1971

Legal Domicile

Principal Officer

ERIC SCHMIDT

Phone

2178735211

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS INDEPENDENT TELEPHONE ASSO, founded in 1971, is a small nonprofit that reported $365K in total revenue in fiscal year 2024. Expenses of $334K left a modest 8% surplus.

Mission

REPRESENTATION OF SMALL TELECOMMUNICATION ENTITY INTERESTS BEFORE LEGISLATIVE AND REGULATORY BODIES IN THE STATE OF 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 (2024)

Revenue Breakdown

Contributions & Grants $356,267

Program Service Revenue $0

Investment Income $8,303

Other Revenue $0

TOTAL REVENUE $364,570

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $334,388

TOTAL EXPENSES $334,388

Year-over-Year Comparison

	2024	2023	Change
Revenue	$364,570	$352,032	+0.0%
Expenses	$334,388	$375,967	-0.1%
Net Income	$30,182	$-23,935	-2.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC SCHMIDT	CHAIRMAN/DIR	N/A	Officer Director	$0	$0	$0
MIKE GRISHAM	VICE CHAIR/D	N/A	Officer Director	$0	$0	$0
MIKE REYNOLDS	TREASURER D	N/A	Officer Director	$0	$0	$0
JIM BROEMMER	DIRECTOR	N/A	Director	$0	$0	$0
MARK IRISH	DIRECTOR	N/A	Director	$0	$0	$0
MARY J SCHWARTZ WESTERHOLD	SECRETARY/DI	N/A	Officer Director	$0	$0	$0
ANN DICKERSON	DIRECTOR	N/A	Director	$0	$0	$0
JAY GRISWOLD	DIRECTOR	N/A	Director	$0	$0	$0
CRAIG HERN	DIRECTOR	N/A	Director	$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
2024	$364,570	$334,388	$537,154	$30,182
2023	$352,032	$375,967	$506,972	$-23,935
2022	$356,272	$361,571	$530,907	$-5,299
2021	$324,459	$308,993	$536,206	$15,466
2020	$338,043	$305,679	$520,740	$32,364
2019	$378,921	$266,168	$488,376	$112,753
2018	$392,893	$258,651	$375,623	$134,242

ILLINOIS INDEPENDENT TELEPHONE ASSO