ILLINOIS BUSINESS AND ECONOMIC DEVELOPMENT CORP DBA ILLINOIS ECONOMIC D (EIN 811265157) - 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

2016

Legal Domicile

Principal Officer

CHRISTY GEORGE

Phone

3126676010

Tax Period

2024-07-01 to 2025-06-30

ILLINOIS BUSINESS AND ECONOMIC DEVELOPMENT CORP DBA ILLINOIS ECONOMIC D, founded in 2016, is a community nonprofit in the Community Improvement sector that reported $8.2M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.6M, a strong 20% operating margin.

Mission

BUSINESS DEVELOPMENT FOR THE STATE OF ILLINOIS.

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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 $8,164,131

Program Service Revenue $0

Investment Income $89

Other Revenue $0

TOTAL REVENUE $8,164,220

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,222,539

Fundraising Expenses $363,390

Program Expenses $3,385,263

Other Expenses $3,333,166

TOTAL EXPENSES $6,555,705

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,164,220	$7,343,561	+0.1%
Expenses	$6,555,705	$6,500,889	+0.0%
Net Income	$1,608,515	$842,672	+0.9%

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

N/A

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

$275,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUAN LUCIANO	DIRECTOR	10.00	Director	$0	$0	$0
JAMES REYNOLDS JR	DIRECTOR	10.00	Director	$0	$0	$0
CARMEN ROSSI	DIRECTOR	10.00	Director	$0	$0	$0
ROBERT SEHRING	DIRECTOR	10.00	Director	$0	$0	$0
JAMES LEONARD	DIRECTOR	10.00	Director	$0	$0	$0
LENNY SINGH	DIRECTOR	10.00	Director	$0	$0	$0
JEFFREY BAKER	DIRECTOR	10.00	Director	$0	$0	$0
DAVID BOULAY	DIRECTOR	10.00	Director	$0	$0	$0
DAVID REIFMAN	DIRECTOR	10.00	Director	$0	$0	$0
JOHN ATKINSON	CHAIRMAN	10.00	Director	$0	$0	$0
MARIA BOCANEGRA	DIRECTOR	10.00	Director	$0	$0	$0
CHIP JORSTAD	DIRECTOR	10.00	Director	$0	$0	$0
REBECCA LOSLI	DIRECTOR	10.00	Director	$0	$0	$0
JOE DOMINGUEZ	DIRECTOR	10.00	Director	$0	$0	$0
CURT BAILEY	DIRECTOR	10.00	Director	$0	$0	$0
MICHAEL FASSNACHT	DIRECTOR	10.00	Director	$0	$0	$0
MARK DENZLER	DIRECTOR	10.00	Director	$0	$0	$0
JOHN LYONS	DIRECTOR	10.00	Director	$0	$0	$0
ZALDWAYNAKA Z SCOTT ESQ	DIRECTOR	10.00	Director	$0	$0	$0
JACK LAVIN	DIRECTOR	10.00	Director	$0	$0	$0
BRAD HENDERSON	DIRECTOR	10.00	Director	$0	$0	$0
PIN NI	DIRECTOR	10.00	Director	$0	$0	$0
KEVIN WARREN	DIRECTOR	10.00	Director	$0	$0	$0
MICHAEL SACKS	DIRECTOR	10.00	Director	$0	$0	$0
SMITA N SHAH	DIRECTOR	10.00	Director	$0	$0	$0
WENDELL DALLAS	DIRECTOR	10.00	Director	$0	$0	$0
GIL QUINIONES	DIRECTOR	10.00	Director	$0	$0	$0
TIM KILLEEN	DIRECTOR	10.00	Director	$0	$0	$0
CHRIS SMITH	DIRECTOR	10.00	Director	$0	$0	$0
MARTIN CABRERA	DIRECTOR	10.00	Director	$0	$0	$0
ELIZABETH BUCHANAN	DIRECTOR	10.00	Director	$0	$0	$0
RICHARD DEMIRJIAN	DIRECTOR	10.00	Director	$0	$0	$0
MICHAEL REINSDORF	DIRECTOR	10.00	Director	$0	$0	$0
EILEEN MITCHELL	DIRECTOR	10.00	Director	$0	$0	$0
JEREMY O'BRIEN	DIRECTOR	10.00	Director	$0	$0	$0
KRISTOF TERRYN	DIRECTOR	10.00	Director	$0	$0	$0
PAUL ALIVISATOS	DIRECTOR	10.00	Director	$0	$0	$0
BRETT HART	DIRECTOR	10.00	Director	$0	$0	$0
DAN MAHONEY	DIRECTOR	10.00	Director	$0	$0	$0
MICHELLE CARR	DIRECTOR	10.00	Director	$0	$0	$0
BRIAN D WOLFE	DIRECTOR	10.00	Director	$0	$0	$0
MICHAEL SCHILL	DIRECTOR	10.00	Director	$0	$0	$0
KATE WAIMEY TIMMERMAN	DIRECTOR	10.00	Director	$0	$0	$0
RICHARD PRICE	DIRECTOR	10.00	Director	$0	$0	$0
GREGORY CASE	DIRECTOR	10.00	Director	$0	$0	$0
KIRK DILLARD	DIRECTOR	10.00	Director	$0	$0	$0
CHRIS GLADWIN	DIRECTOR	10.00	Director	$0	$0	$0
DAVID NAMKUNG	DIRECTOR	10.00	Director	$0	$0	$0
MICHAEL JACOBSON	DIRECTOR	10.00	Director	$0	$0	$0
RASHOD JOHNSON	DIRECTOR	10.00	Director	$0	$0	$0
LISA FREEMAN	DIRECTOR	10.00	Director	$0	$0	$0
JOHN HOLMES	DIRECTOR	10.00	Director	$0	$0	$0
SHEILA QUIRK-BAILEY	DIRECTOR	10.00	Director	$0	$0	$0
HARDIK BHATT	DIRECTOR	10.00	Director	$0	$0	$0
CHRISTY GEORGE	CHIEF EXECEUTIVE OFFICER	40.00	Officer	$275,000	$0	$275,000
PAULINA SAN MILIAN	SENIOR VP BUSINESS DEVELOPMENT	40.00	Highest	$170,025	$0	$170,025
PREETI CHALSANI	CHIEF SENIOR VP QUANTUM	40.00	Highest	$150,519	$0	$150,519
ROBERT STEPHAN	FORMER VP OF COMMUNITY RELATIONS/DEVELOPMENT	40.00	Highest	$140,218	$0	$140,218
KAITLYN MCDERMOTT	VICE PRESIDENT, ADMIN/OPERATING	40.00	Highest	$124,280	$0	$124,280
DANIEL SEALS	FORMER CHIEF EXECUTIVE OFFICER	40.00		$171,793	$0	$171,793

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	$8,164,220	$6,555,705	$4,917,684	$1,608,515
2024	$7,343,561	$6,500,889	$3,073,205	$842,672
2023	$4,048,933	$4,227,953	$1,841,889	$-179,020
2022	$3,788,084	$3,039,367	$1,596,602	$748,717
2021	$1,743,434	$1,467,235	$1,437,626	$276,199
2020	$1,407,861	$1,641,970	$699,937	$-234,109
2019	$1,384,388	$2,061,624	$872,827	$-677,236

ILLINOIS BUSINESS AND ECONOMIC DEVELOPMENT CORP DBA ILLINOIS ECONOMIC D