CIRBN LLC (EIN 461304666) - 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

2012

Legal Domicile

Principal Officer

MARK DEKEERSGIETER

Phone

3098207321

Tax Period

2023-01-01 to 2023-12-31

CIRBN LLC, founded in 2012, is a community nonprofit in the Public & Societal Benefit sector that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $2.7M exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE SEAMLESS INTERNET AND INTRANET SERVICES TO K-12 SCHOOL DISTRICTS, HEALTHCARE ORGANIZATIONS, PUBLIC SAFETY, GOVERNMENT, COMMERCIAL AND NOT-FOR-PROFIT ORGANIZATIONS. TO MAINTAIN AND OVERSEE A NETWORK PROVIDING HIGH-SPEED LOW-COST INTERNET CONNECTIVITY TO COMMUNITIES THROUGHOUT CENTRAL 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 $0

Program Service Revenue $2,120,791

Investment Income $8,175

Other Revenue $0

TOTAL REVENUE $2,128,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,504,426

Other Expenses $2,681,050

TOTAL EXPENSES $2,681,050

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,128,966	$1,801,733	+0.2%
Expenses	$2,681,050	$2,481,212	+0.1%
Net Income	$-552,084	$-679,479	-0.2%

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
TIM GLEASON - BLOOMINGTON	PRESIDENT	1.00	Officer Director	$0	$0	$0
PAMELA REECE - NORMAL	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
JIM WOOLFORD - CITY OF PONTIAC	SECRETARY-TREASURER	0.50	Officer Director	$0	$0	$0
DOUG SCHNITTKER - ISU	DIRECTOR (BEG 12/23)	1.00	Director	$0	$0	$0
KEITH CORNILLE - HCC	DIRECTOR (BEG 11/23)	1.00	Director	$0	$0	$0
LETISHA TREPAC - HCC	SECRETARY (THRU 7/23)	1.00	Officer Director	$0	$0	$0
JUSTIN KNORR - HCC	DIRECTOR (7/23 - 10/23)	1.00	Director	$0	$0	$0
DAN STEPHENS - ISU	DIRECTOR (THRU 12/23)	1.00	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	No data	No data	No data	No data
2023	$2,128,966	$2,681,050	$8,787,015	$-552,084
2022	$1,801,733	$2,481,212	$9,347,699	$-679,479
2021	$1,720,774	$2,488,330	$10,050,779	$-767,556
2020	$2,536,910	$2,644,915	$10,556,765	$-108,005
2019	$1,812,088	$2,378,596	$11,325,669	$-566,508
2018	$1,766,112	$2,608,306	$11,322,944	$-842,194

CIRBN LLC