ILLINOIS PROPERTY TAX LAWYER'S ASSOC (EIN 731671882) - 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

2003

Legal Domicile

Principal Officer

JERRY BROWN

Phone

3123680091

Tax Period

2025-01-01 to 2025-12-31

ILLINOIS PROPERTY TAX LAWYER'S ASSOC, founded in 2003, is a micro nonprofit in the Community Improvement sector that reported $80K in total revenue in fiscal year 2025. The organization ran a surplus of $13K, a strong 16% operating margin.

Mission

PROMOTE AND DEVELOP PROPERTY TAX INITIATIVES, POLICIES, AND PRACTICES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $79,750

Program Service Revenue $0

Investment Income $4

Other Revenue $0

TOTAL REVENUE $79,754

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $66,817

TOTAL EXPENSES $66,817

Year-over-Year Comparison

	2025	2024	Change
Revenue	$79,754	$79,588	+0.0%
Expenses	$66,817	$63,536	+0.1%
Net Income	$12,937	$16,052	-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
JERRY BROWN	PRESIDENT	5.00	Director	$0	$0	$0
JENNIFER BP TRUONG	VICE PRESIDENT	5.00	Director	$0	$0	$0
STEVEN KANDELMAN	TREASURER	5.00	Director	$0	$0	$0
DANIEL J HEYWARD	SECRETARY	5.00	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	$79,754	$66,817	$69,115	$12,937
2024	$79,588	$63,536	$91,961	$16,052
2023	$70,508	$60,681	$75,953	$9,827
2022	$74,520	$60,518	$66,124	$14,002
2021	$79,250	$60,538	$52,122	$18,712
2020	$47,500	$60,500	$33,370	$-13,000

ILLINOIS PROPERTY TAX LAWYER'S ASSOC