Illinois Insurance Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 782,737 | 770,523 | 12,214 | 16.5 | 58% |
| 2021 | 771,601 | 850,325 | −78,724 | 13.8 | 53% |
| 2022 | 853,409 | 841,593 | 11,816 | 14.1 | 51% |
| 2023 | 944,228 | 908,371 | 35,857 | 13.5 | 51% |
In its most recent public year (2023), this organization brought in $35,857 more than it spent. Its reserves stood at about 13.5 months of spending, down from 16.5 in 2020. Staff pay was 51% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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