CANNABIS BUSINESS ASSOCIATION OF IL (EIN 473897838) - 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

2015

Legal Domicile

Principal Officer

TIFFANY INGRAM

Phone

2175441003

Tax Period

2023-01-01 to 2023-12-31

CANNABIS BUSINESS ASSOCIATION OF IL, founded in 2015, is a small nonprofit that reported $593K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $552K left a modest 7% surplus.

Mission

CBAI ADVOCATES FOR THE ADVANCEMENT OF MEDICAL CANNABIS AND IS DEDICATED TO WORKING WITH STATE AGENCY REGULATORS TO PROMOTE THE INTEGRITY OF THE EMERGING CANNABIS INDUSTRY.

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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 $458,560

Program Service Revenue $139,597

Investment Income $0

Other Revenue $-5,249

TOTAL REVENUE $592,908

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,613

Fundraising Expenses $0

Other Expenses $462,783

TOTAL EXPENSES $552,396

Year-over-Year Comparison

	2023	2022	Change
Revenue	$592,908	$737,577	-0.2%
Expenses	$552,396	$584,780	-0.1%
Net Income	$40,512	$152,797	-0.7%

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
JEREMY UNRUH	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DON WILLIAMS	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
TIM O'HERN	1ST VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
PORTIA MITTONS	TREASURER	1.00	Officer Director	$0	$0	$0
LAURA JARAMILLO-BERNAL	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT GOLDEN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SULLIVAN	IMMEDIATE PAST CHAIRMAN	1.00	Director	$0	$0	$0
THEODORE BRUNSVOLD	DIRECTOR	1.00	Director	$0	$0	$0
AMBROSE JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
NGISTE ABEBE	DIRECTOR	1.00	Director	$0	$0	$0
TERRY PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES LEVENTIS	SECRETARY	1.00	Officer Director	$0	$0	$0
GABE MENDOZA	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY CHAPPELL INGRAM	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$0	$0
ROBERT KARR	MANAGING DIRECTOR	8.00	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	$592,908	$552,396	$654,213	$40,512
2022	$737,577	$584,780	$610,523	$152,797
2021	$718,257	$523,378	$457,726	$194,879
2020	$555,640	$443,744	$262,847	$111,896

CANNABIS BUSINESS ASSOCIATION OF IL