LIBERTYVILLE BUSINESS PARK ASSOCIATION INC (EIN 832577945) - 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

2018

Legal Domicile

Principal Officer

JOHN SEXTON

Phone

8473725769

Tax Period

2023-01-01 to 2023-12-31

LIBERTYVILLE BUSINESS PARK ASSOCIATION INC, founded in 2018, is a micro nonprofit in the Public & Societal Benefit sector that reported $60K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $72K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE PURPOSE OF THE ASSOCIATION IS TO DEVELOP LIBERTYVILLE BUSINESS PARK AS A RESEARCH, OFFICE AND INDUSTRIAL COMPLEX PURSUANT TO THE DEVELOPMENT AGREEMENT AND THE DEVELOPMENT ORDINANCE, TO PROVIDE FOR THE PRESERVATION OF THE VALUES AND AMENITIES FOR THE BENEFIT OF THE REAL ESTATE, TO CREATE CERTAIN EASEMENTS, AND TO PROVIDE FOR USE, MAINTENANCE, AND REPAIRS FOR OWNERS.

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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 $60,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $60,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,275

Other Expenses $72,282

TOTAL EXPENSES $72,282

Year-over-Year Comparison

	2023	2022	Change
Revenue	$60,000	$70,000	-0.1%
Expenses	$72,282	$55,632	+0.3%
Net Income	$-12,282	$14,368	-1.9%

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

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
JOHN SEXTON	DIRECTOR - PRESIDENT	1.00	Officer	$0	$0	$0
JOHN NELSON	DIRECTOR - SECRETARY	0.50	Officer	$0	$0	$0
JASON DHALIWAL	DIRECTOR - TREASURER	0.50	Officer	$0	$0	$0
ROB ROMANELLI	DIRECTOR	0.50	Officer	$0	$0	$0
TONY STANG	DIRECTOR	0.50	Officer	$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
2024	No data	No data	No data	No data
2023	$60,000	$72,282	$52,056	$-12,282
2022	$70,000	$55,632	$74,338	$14,368
2021	$160,001	$156,524	$50,168	$3,477
2020	$60,007	$55,275	$50,545	$4,732
2019	$80,222	$86,656	$50,759	$-6,434
2018	$12,000	$13,807	$62,000	$-1,807

LIBERTYVILLE BUSINESS PARK ASSOCIATION INC