CUT ILLINOIS TAXES NOW INC

EIN: 843382838

ROLLING MEADOWS, IL

Total Revenue
N/A
Total Expenses
$1,111
Total Assets
$6,304
Net Assets
$6,304
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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
IL
Principal Officer
S DAVID MCSWEENEY
Phone
8472415757
Tax Period
2023-01-01 to 2023-12-31

Mission

Educating the citizens of Illinois about the impact of state and local tax policy and advocating for sensible tax policies in Illinois.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $445
Other Expenses $1,111
TOTAL EXPENSES $1,111

Year-over-Year Comparison

2023 2022 Change
Revenue N/A $20,000 -1.0%
Expenses $1,111 $19,111 -0.9%
Net Income N/A $889 N/A
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
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David McSweeney President 2.00
Officer Director
$0 $0 $0
Margaret McSweeney Secretary 2.00
Officer Director
$0 $0 $0
Bryan Luczkiw Treasurer 1.00
Officer 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 No data No data No data No data
2023 No data $1,111 $6,304 No data
2022 $20,000 $19,111 $7,415 $889
2021 $60,005 $86,487 $6,525 $-26,482
2020 $115,063 $261,541 $33,007 $-146,478
2019 $200,010 $20,525 $179,484 $179,485
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