IRC INDEPENDENT REPRESENTATIVE COUNCIL

EIN: 820571225 Community Improvement

ROCKFORD, IL

Total Revenue
$295,436
Total Expenses
$345,000
Total Assets
$232,875
Net Assets
$232,875
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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

Principal Officer
PAUL REUTER
Phone
8153162375
Tax Period
2024-01-01 to 2024-12-31

IRC INDEPENDENT REPRESENTATIVE COUNCIL is a small nonprofit in the Community Improvement sector that reported $295K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $345K exceeded revenue, resulting in a 17% operating deficit.

Mission

DISSEMINATION OF KNOWLEDGE AND PROMOTION OF INDEPENDENT REPRESENTATIVES

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $286,379
Investment Income $9,057
Other Revenue $0
TOTAL REVENUE $295,436

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $345,000
TOTAL EXPENSES $345,000

Year-over-Year Comparison

2024 2023 Change
Revenue $295,436 $254,975 +0.2%
Expenses $345,000 $319,404 +0.1%
Net Income $-49,564 $-64,429 -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

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Governance

Voting Members
7
Independent Members
7
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
0
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENT JAMES PRESIDENT 2.00
Director
$0 $0 $0
DANNY DAVIES VICE PRESIDE 2.00
Director
$0 $0 $0
JASON KEYES SECRETARY 2.00
Director
$0 $0 $0
PAUL REUTER TREASURER 2.00
Director
$0 $0 $0
BRENT BERNARDI COMMITTEE CH 2.00
Director
$0 $0 $0
BUD SMITH BOARD MEMBER 2.00
Director
$0 $0 $0
GREG KOETZ BOARD MEMBER 2.00
Director
$0 $0 $0
JOEL KARSTETTER NONVOTING PA 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 $295,436 $345,000 $232,875 $-49,564
2023 $254,975 $319,404 $282,439 $-64,429
2022 $202,169 $255,596 $346,868 $-53,427
2021 $116,486 $125,320 $400,295 $-8,834
2020 $97,617 $90,020 $409,129 $7,597
2019 $212,798 $273,236 $401,532 $-60,438
2018 $254,822 $249,353 $461,970 $5,469
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