ILLINOIS ASSOCIATION OF ASSET MANAGERS (EIN 823638380) - 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

MICHAEL RUEMMLER

Phone

6182041405

Tax Period

2023-01-01 to 2023-12-31

ILLINOIS ASSOCIATION OF ASSET MANAGERS, founded in 2017, is a micro nonprofit in the Community Improvement sector that reported $1 in total revenue in fiscal year 2023. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $3K exceeded revenue, resulting in a 280100% operating deficit.

Mission

TO PROMOTE AND MAINTAIN AN ORGANIZATION FOR THE MUTUAL ADVANCEMENT AND WELFARE OF ITS MEMBERS AND OF THE ASSET MANAGEMENT INDUSTRY BY ALL PROPER, SUITABLE AND LAWFUL MEANS.

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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 $0

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $1

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,802

TOTAL EXPENSES $2,802

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1	$9	-0.9%
Expenses	$2,802	$2,786	+0.0%
Net Income	$-2,801	$-2,777	+0.0%

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

Employees

N/A

Volunteers

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
MICHAEL RUEMMLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
WILL COUSINEAU	DIRECTOR	1.00	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
2023	$1	$2,802	$94,454	$-2,801
2022	$9	$2,786	$97,255	$-2,777
2021	$1	$7,013	$100,032	$-7,012
2020	$1	$3,534	$107,044	$-3,533
2019	$170,000	$190,632	$110,577	$-20,632
2018	$500,244	$469,035	$131,209	$31,209

ILLINOIS ASSOCIATION OF ASSET MANAGERS