Illinois Is Broke (EIN 453617415) - 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

2011

Legal Domicile

Principal Officer

CORDELIA C MEYER

Phone

3128531200

Tax Period

2018-07-01 to 2019-06-30

Illinois Is Broke, founded in 2011, is a micro nonprofit that reported $79K in total revenue in fiscal year 2018. Revenue fell 58% from the prior year — a significant decline worth monitoring.

Mission

ILLINOIS IS BROKE (IIB), WORKS TO EDUCATE THE PUBLIC ABOUT ILLINOIS' TROUBLED JOBS CLIMATE & FINANCIAL CONDITION, THE NEED FOR BUDGET & TAX REFORM, & TO SUPPORT LEGISLATION.

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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 $78,636

Investment Income $0

Other Revenue $0

TOTAL REVENUE $78,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,490

Fundraising Expenses $0

Program Expenses $58,490

Other Expenses $20,146

TOTAL EXPENSES $78,636

Year-over-Year Comparison

	2018	2017	Change
Revenue	$78,636	$188,172	-0.6%
Expenses	$78,636	$188,172	-0.6%
Net Income	$0	N/A	N/A

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

$490,258

Total Directors

$490,258

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kelly R Welsh	Director/President	2.0	Officer Director	$23,105	$28,172	$490,258
E Scott Santi	Director/Chairman	1.0	Officer Director	$0	$0	$0
Frederick H Waddell	Director/Vice Chairman	1.0	Director	$0	$0	$0
Scott Swanson	Director/Treasurer	1.0	Officer	$0	$0	$0
Jay L Henderson	Secretary	1.0	Officer	$0	$0	$0
Cordelia C Meyer	Executive Vice President	2.0	Highest	$17,669	$33,131	$386,498
Kristen Carroll	VP, Public Policy	1.0	Highest	$6,511	$40,638	$238,810

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	$78,636	$78,636	$125	No data

Illinois Is Broke