JB Inauguration Committee 2023

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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

2022

Legal Domicile

Principal Officer

Mike Ollen

Phone

2025520221

Tax Period

2022-11-01 to 2023-10-31

JB Inauguration Committee 2023, founded in 2022, is a mid-sized nonprofit that reported $11.0M in total revenue in fiscal year 2022.

Mission

Supporting all activities around the 2023 IL Governor's Inauguration.

Program Service Accomplishments

Program 1

Expenses: $10,929,617

Held the 2023 IL Governor's Inauguration and provided grants to IL charitable organizations.

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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 (2022)

Revenue Breakdown

Contributions & Grants $11,035,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $11,035,000

Expense Breakdown

Grants Paid $1,701,883

Salaries & Benefits $0

Fundraising Expenses $24,417

Program Expenses $10,929,617

Other Expenses $9,313,117

TOTAL EXPENSES $11,035,000

Year-over-Year Comparison

	2022	2021	Change
Revenue	$11,035,000	N/A	N/A
Expenses	$11,035,000	N/A	N/A
Net Income	$0	N/A	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

Governance

Voting Members

Independent Members

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
Mike Ollen	President	1.00	Officer Director	$0	$0	$0
Linda Johnson Rice	Secretary	1.00	Officer Director	$0	$0	$0
Jesse Ruiz	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
2023	$11,035,000	$11,035,000	No data	No data