ILLINOIS ECONOMIC POLICY INSTITUTE (EIN 463360695) - 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

2013

Legal Domicile

Principal Officer

JOSH WEGER

Phone

7083751002

Tax Period

2024-06-01 to 2025-05-31

ILLINOIS ECONOMIC POLICY INSTITUTE, founded in 2013, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $1.0M left a modest 7% surplus.

Mission

THE ILLINOIS ECONOMIC POLICY INSTITUTE (ILEPI) IS A NONPROFIT, NONPARTISAN RESEARCH ORGANIZATION DEDICATED TO DELIVERING ACTIONABLE RESEARCH AND EXPERT ANALYSIS ON PUBLIC POLICY ISSUES IMPACTING BUSINESSES, WORKING FAMILIES, AND TAXPAYERS.

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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 $850,000

Program Service Revenue $0

Investment Income $0

Other Revenue $248,951

TOTAL REVENUE $1,098,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $645,929

Fundraising Expenses $0

Program Expenses $640,743

Other Expenses $379,261

TOTAL EXPENSES $1,025,190

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,098,951	$1,189,252	-0.1%
Expenses	$1,025,190	$1,163,549	-0.1%
Net Income	$73,761	$25,703	+1.9%

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

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
JAMES SWEENEY	DIRECTOR	1.00	Director	$0	$0	$0
MARC POULOS	DIRECTOR	1.00	Director	$0	$0	$0
DESHANA FORNEY	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH BENSON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BRUNO	DIRECTOR	1.00	Director	$0	$0	$0
DAVE SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
KAREN KENT	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY GREY	DIRECTOR	1.00	Director	$0	$0	$0
CHYNNA HAMPTON	DIRECTOR	1.00	Director	$0	$0	$0
ANTONIO MUNOZ	DIRECTOR	1.00	Director	$0	$0	$0
FRANCIS P MANZO	PRIOR EXECUTIVE DIRECTOR	40.00	Highest	$150,786	$34,961	$185,747

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
2025	$1,098,951	$1,025,190	$627,554	$73,761
2024	$1,189,252	$1,163,549	$546,225	$25,703
2023	$880,013	$901,779	$520,522	$-21,766
2022	$872,817	$649,375	$542,288	$223,442
2021	$876,890	$628,255	$318,846	$248,635
2020	$682,749	$647,059	$70,208	$35,690
2019	$613,510	$636,629	$34,518	$-23,119
2018	$579,623	$603,718	$57,637	$-24,095

ILLINOIS ECONOMIC POLICY INSTITUTE