LET IT BE US (EIN 471237093) - 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

2014

Legal Domicile

Principal Officer

SUSAN MCCONNELL

Phone

8477645428

Tax Period

2023-01-01 to 2023-12-31

LET IT BE US, founded in 2014, is a small nonprofit in the Human Services sector that reported $583K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 89% operating deficit.

Mission

THE ORGANIZATION SEEKS TO INSPIRE FOSTER CARE AND ADOPTION IN ILLINOIS. IT SEEKS TO RECRUIT FOSTER AND ADOPTIVE PARENTS IN ILLINOIS AND PROVIDE DIRECT ASSISTANCE TO CHILDREN IN FOSTER CARE.

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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 $416,941

Program Service Revenue $17,864

Investment Income $21,955

Other Revenue $126,475

TOTAL REVENUE $583,235

Expense Breakdown

Grants Paid $0

Salaries & Benefits $519,544

Fundraising Expenses $167,178

Program Expenses $721,777

Other Expenses $581,508

TOTAL EXPENSES $1,101,052

Year-over-Year Comparison

	2023	2022	Change
Revenue	$583,235	$880,418	-0.3%
Expenses	$1,101,052	$829,136	+0.3%
Net Income	$-517,817	$51,282	-11.1%

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

$94,013

Total Directors

$94,013

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN MCCONNELL	FOUNDER/EXEC	6.00	Officer Director	$94,013	$0	$94,013
JESSICA CANNING	BOARD MEMBER	2.00	Director	$0	$0	$0
KAYCEE COLES	BOARD MEMBER	2.00	Director	$0	$0	$0
ELIZABETH FELICE	SECRETARY	1.00	Officer Director	$0	$0	$0
VINCE FOGLIA	BOARD CHAIR	2.00	Director	$0	$0	$0
VINNIE FOGLIA	VICE CHAIR	2.00	Director	$0	$0	$0
MATT HOWER	TREASURER	3.00	Director	$0	$0	$0
DOUG LOCKE	BOARD MEMBER	4.00	Officer Director	$0	$0	$0
CAROLYNE OSTERHUES	BOARD MEMBER	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$583,235	$1,101,052	$603,563	$-517,817
2022	$880,418	$829,136	$1,202,598	$51,282
2021	$700,631	$507,617	$799,759	$193,014
2020	$850,799	$423,606	$584,788	$427,193
2019	$346,435	$332,533	$166,581	$13,902
2018	$213,240	$184,334	$153,690	$28,906

LET IT BE US