Illinois Coalition for Independent Work Inc (EIN 854165879) - 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

2020

Legal Domicile

Principal Officer

Darrin Lim

Phone

4159032800

Tax Period

2021-01-01 to 2021-12-31

Illinois Coalition for Independent Work Inc, founded in 2020, is a small nonprofit that reported $626K in total revenue in fiscal year 2021. Revenue surged 296% from the prior year, signaling strong growth momentum.

Mission

Educate the public, legislators, and regulatory entities about existing and proposed laws and policies in Illinois that impact the business climate and economic opportunities of independent drivers to earn income in the transportation network and delivery network industries in a manner that is consistent with the antitrust laws.

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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 (2021)

Revenue Breakdown

Contributions & Grants $626,125

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $626,125

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $640,894

Other Expenses $630,894

TOTAL EXPENSES $640,894

Year-over-Year Comparison

	2021	2020	Change
Revenue	$626,125	$158,000	+3.0%
Expenses	$640,894	$104,780	+5.1%
Net Income	$-14,769	$53,220	-1.3%

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
Clayton Harris III	Chair	1.00	Director	$0	$0	$0
Alexi Madon	Director	1.00	Director	$0	$0	$0
Kelley Foxx	Secretary	1.00	Director	$0	$0	$0
Robert Kellman	Director	1.00	Director	$0	$0	$0
Darrin Lim	Treasurer	1.00	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
2021	$626,125	$640,894	$38,451	$-14,769

Illinois Coalition for Independent Work Inc