ILLINOIS NUTRIENT RESEARCH & EDUCATION COUNCIL

EIN: 472045976 Food, Agriculture & Nutrition

SPRINGFIELD, IL

Total Revenue
$4,225,175
Total Expenses
$4,729,083
Total Assets
$2,910,039
Net Assets
$2,910,039
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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
IL
Principal Officer
JULIE ARMSTRONG
Phone
3092120047
Tax Period
2023-10-01 to 2024-09-30

ILLINOIS NUTRIENT RESEARCH & EDUCATION COUNCIL, founded in 2012, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $4.2M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $4.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO ORGANIZE AND COORDINATE AGRICULTURAL RESEARCH AND EDUCATION PROGRAMS WITH CERTIFIED CROP ADVISORS, CROP PRODUCTION PROFESSIONALS, AGRICULTURAL PRODUCERS AND OTHER INDIVIDUALS ASSOCIATED WITH AGRICULTURE AND AGRIBUSINESS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $4,110,249
Investment Income $30,243
Other Revenue $84,683
TOTAL REVENUE $4,225,175

Expense Breakdown

Grants Paid $4,311,509
Salaries & Benefits $259,872
Fundraising Expenses $0
Other Expenses $157,702
TOTAL EXPENSES $4,729,083

Year-over-Year Comparison

2023 2022 Change
Revenue $4,225,175 $3,331,496 +0.3%
Expenses $4,729,083 $4,374,633 +0.1%
Net Income $-503,908 $-1,043,137 -0.5%
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

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Governance

Voting Members
13
Independent Members
13
Employees
2
Volunteers
13

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
6
$218,828
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRENT POLLARD SECRETARY 0.50
Officer Director
$0 $0 $0
SCOTT LAGGER VICE CHAIRMAN 0.50
Officer Director
$0 $0 $0
CHUCK CAWLEY COUNCIL MEMBER 0.50
Director
$0 $0 $0
DON GUINNIP CHAIRMAN 0.50
Officer Director
$0 $0 $0
JAKE VOSSENKEMPER COUNCIL MEMBER 0.50
Director
$0 $0 $0
ERIC WINANS COUNCIL MEMBER 0.50
Director
$0 $0 $0
ALLEN STENWALL COUNCIL MEMBER 0.50
Director
$0 $0 $0
TIM LAATSCH COUNCIL MEMBER 0.50
Director
$0 $0 $0
RONALDO MAGHIRANG COUNCIL MEMBER 0.50
Director
$0 $0 $0
TREVOR SAMPLE COUNCIL MEMBER 0.50
Director
$0 $0 $0
KATIE GARVEY COUNCIL MEMBER 0.50
Director
$0 $0 $0
CHRISTINE FAVILLA COUNCIL MEMBER 0.50
Director
$0 $0 $0
DAVID WESSEL TREASURER 0.50
Officer Director
$0 $0 $0
JULIE HEWITT EXECUTIVE DIRECTOR 40.00
Officer
$122,592 $0 $122,592
SHANI GOLOVAY RESEARCH MANAGER 40.00
Officer
$96,236 $0 $96,236
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 $4,225,175 $4,729,083 $2,910,039 $-503,908
2023 $3,331,496 $4,374,633 $3,413,947 $-1,043,137
2022 $5,583,884 $4,165,691 $4,457,084 $1,418,193
2021 $3,506,512 $4,297,649 $3,038,891 $-791,137
2019 $3,025,935 $4,372,184 $4,046,039 $-1,346,249
2018 $4,088,522 $4,039,466 $5,387,813 $49,056
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