ILLINOIS IBEW RENEWABLE ENERGY FUND INC (EIN 822641349) - 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

2017

Legal Domicile

Principal Officer

ROBERT HATTIER

Phone

3124541340

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS IBEW RENEWABLE ENERGY FUND INC, founded in 2017, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 102% from the prior year, signaling strong growth momentum.

Mission

THE ILLINOIS IBEW RENEWABLE ENERGY FUND (REF) PROMOTES THE SAFE, PRODUCTIVE AND SUSTAINABLE GROWTH OF RENEWABLE ENERGY SYSTEMS IN ILLINOIS THROUGH COMMUNITY PARTNERSHIPS, STAKEHOLDER ENGAGEMENT AND EDUCATIONAL SERVICES.

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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 $1,474,499

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,474,499

Expense Breakdown

Grants Paid $16,714

Salaries & Benefits $136,899

Fundraising Expenses $0

Program Expenses $1,482,027

Other Expenses $1,426,705

TOTAL EXPENSES $1,580,318

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,474,499	$731,175	+1.0%
Expenses	$1,580,318	$766,488	+1.1%
Net Income	$-105,819	$-35,313	+2.0%

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

$1,280,233

Total Directors

$1,023,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN CONNOLLY	VICE PRESIDENT	1.00	Officer Director	$0	$78,628	$243,155
TIM FITZGIBBONS	PRESIDENT	1.00	Officer Director	$0	$82,232	$285,532
BEATRICE THOMPSON	SECRETARY	1.00	Officer Director	$0	$82,232	$246,810
JOSEPH KILCOYNE	TREASURER	1.00	Officer Director	$0	$82,232	$247,603
ROBERT HATTIER	EXECUTIVE DIRECTOR	16.00	Officer	$0	$82,232	$257,133
TYLOR O'CONNOR	INSTRUCTOR AND SOCIAL MEDIA COORDINATOR	40.00	Highest	$108,127	$0	$108,127

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	$1,474,499	$1,580,318	$522,049	$-105,819
2023	$731,175	$766,488	$649,838	$-35,313
2022	$735,050	$1,046,007	$548,543	$-310,957
2021	No data	$441,878	$853,014	No data
2020	No data	$509,624	$1,270,483	No data
2019	No data	$821,026	$1,781,820	No data
2018	No data	$403,153	$2,609,571	No data

ILLINOIS IBEW RENEWABLE ENERGY FUND INC