ILLINOIS SECURITY PROFESSIONALS ASSOCIATION (EIN 833210474) - 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

2019

Legal Domicile

Principal Officer

DENNIS GANO

Phone

2243331622

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS SECURITY PROFESSIONALS ASSOCIATION, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $147K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $133K left a modest 10% surplus.

Mission

THE ILLINOIS SECURITY PROFESSIONALS ASSOCIATION IS THE VOICE IN ILLINOIS REPRESENTING THE PRIVATE SECURITY INDUSTRY. BESIDES BEING THE ASSOCIATION ADVOCATE AT THE STATE LEVEL, WE ADVANCE KNOWLEDGE AND LEVEL OF EXPERTISE OF MEMBER INVOLVED IN THE PRIVATE SECURITY INDUSTRY. WE ACCOMPLISH THIS STRATEGIC OBJECTIVE BY OFFERING A HIGH LEVEL OF CONTINUING PROFESSIONAL EDUCATION AND ADVANCED LEVEL PROGROMMNG TO ADDRESS THE EVER-CHANGING INDUSTRY. AS AN ORGANIZATION, WE ARE COMMITTED TO DELIVER A WELL-DEFINED "MEMBER VALUE PROPOSITION."

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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 $162,373

Program Service Revenue $32,435

Investment Income $0

Other Revenue $-47,480

TOTAL REVENUE $147,328

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $132,606

Other Expenses $132,606

TOTAL EXPENSES $132,606

Year-over-Year Comparison

	2024	2023	Change
Revenue	$147,328	$96,515	+0.5%
Expenses	$132,606	$109,104	+0.2%
Net Income	$14,722	$-12,589	-2.2%

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

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
LAWRENCE DORIA	CHAIRMAN	2.00	Officer Director	$0	$0	$0
MICHAEL POTTER	PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVE VITALE	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
SUZANNE MONREAL	FIRST VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
G MICHAEL VERDEN	SECOND VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ELENA MOSTOVOY	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
PARIS BURTS	DIRECTOR	1.00	Director	$0	$0	$0
LUKE HUTSELL	DIRECTOR	1.00	Director	$0	$0	$0
SEAN KEATING	DIRECTOR	1.00	Director	$0	$0	$0
ERNIE KUHNKE	DIRECTOR	1.00	Director	$0	$0	$0
MARC MATON	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL MCDEVITT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN O'MALLEY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID PACK	DIRECTOR	1.00	Director	$0	$0	$0
DINELIA SMILES	DIRECTOR	1.00	Director	$0	$0	$0
VALDIMIR TALLEY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES TAFF	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY VARCHETTO	DIRECTOR	1.00	Director	$0	$0	$0
RONALD VASSER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN WEBBER	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
2025	No data	No data	No data	No data
2024	$147,328	$132,606	$90,383	$14,722
2023	$96,515	$109,104	$70,354	$-12,589
2022	$128,250	$103,578	$64,517	$24,672
2021	$120,296	$86,163	$55,715	$34,133

ILLINOIS SECURITY PROFESSIONALS ASSOCIATION