Illinois Life & Health Insurance Council
EIN: 370896078 · Springfield, IL · NTEE: Y22C
Is Illinois Life & Health Insurance Council Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Illinois Life & Health Insurance Council
Illinois Life & Health Insurance Council (EIN: 370896078) is a nonprofit organization based in Springfield, IL, classified under NTEE code Y22C. The organization reported total revenue of $1.2M and total assets of $949K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Illinois Life & Health Insurance Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Illinois Life & Health Insurance Council is a mid-size nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$110K |
| Total Assets | $1.2M |
| Net Assets | $1.2M |
| Operating Margin | 9.6% |
| Months of Reserves | 13.7 months |
Financial Health Grade: A
In 2023, Illinois Life & Health Insurance Council reported a surplus of $110K with revenue exceeding expenses, holds 13.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Illinois Life & Health Insurance Council's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +45.4% | +5.8% | +10.3% |
| 2022 | -0.2% | +2.1% | -15.1% |
| 2021 | -3.7% | +14.8% | -38.2% |
| 2020 | +1.0% | -29.4% | -0.6% |
| 2019 | +1.0% | +68.6% | -14.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1967 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Illinois Life & Health Insurance Council has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Illinois Life & Health Insurance Council with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $110K, with revenue exceeding expenses.
Frequently Asked Questions about Illinois Life & Health Insurance Council
Is Illinois Life & Health Insurance Council a legitimate charity?
Based on AI analysis of IRS 990 filings, Illinois Life & Health Insurance Council (EIN: 370896078) insufficient data. 0 red flags identified, 0 strengths noted.
How does Illinois Life & Health Insurance Council spend its money?
Detailed spending breakdown data is not yet available for Illinois Life & Health Insurance Council. Check back for updated IRS 990 analysis.
Are donations to Illinois Life & Health Insurance Council tax-deductible?
Illinois Life & Health Insurance Council is registered as a tax-exempt nonprofit (EIN: 370896078). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Illinois Life & Health Insurance Council showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Illinois Life & Health Insurance Council's revenue has grown by 62%, moving from $707K to $1.1M. Total assets decreased by 35.5% over the same period, from $1.8M to $1.2M. Total functional expenses rose by 59.1%, from $650K to $1.0M. In its most recent filing year (2023), Illinois Life & Health Insurance Council reported a surplus of $110K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.0M | $1.2M | $0 | — | View 990 |
| 2022 | $788K | $978K | $1.1M | $0 | — | View 990 |
| 2021 | $789K | $958K | $1.3M | $0 | — | View 990 |
| 2020 | $819K | $834K | $2.0M | $611K | — | — |
| 2019 | $811K | $1.2M | $2.1M | $609K | — | View 990 |
| 2018 | $803K | $701K | $2.4M | $589K | — | View 990 |
| 2017 | $766K | $673K | $2.3M | $569K | — | View 990 |
| 2016 | $766K | $696K | $2.4M | $735K | — | View 990 |
| 2015 | $787K | $657K | $2.3M | $795K | — | View 990 |
| 2014 | $762K | $694K | $2.1M | $696K | — | View 990 |
| 2013 | $726K | $702K | $2.0M | $674K | — | View 990 |
| 2012 | $701K | $666K | $2.1M | $779K | — | View 990 |
| 2011 | $707K | $650K | $1.8M | $536K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.0M, and assets of $1.2M (revenue +45.4% year-over-year).
- 2022: Revenue of $788K, expenses of $978K, and assets of $1.1M (revenue -0.2% year-over-year).
- 2021: Revenue of $789K, expenses of $958K, and assets of $1.3M (revenue -3.7% year-over-year).
- 2020: Revenue of $819K, expenses of $834K, and assets of $2.0M (revenue +1.0% year-over-year).
- 2019: Revenue of $811K, expenses of $1.2M, and assets of $2.1M (revenue +1.0% year-over-year).
- 2018: Revenue of $803K, expenses of $701K, and assets of $2.4M (revenue +4.7% year-over-year).
- 2017: Revenue of $766K, expenses of $673K, and assets of $2.3M (revenue +0.0% year-over-year).
- 2016: Revenue of $766K, expenses of $696K, and assets of $2.4M (revenue -2.7% year-over-year).
- 2015: Revenue of $787K, expenses of $657K, and assets of $2.3M (revenue +3.3% year-over-year).
- 2014: Revenue of $762K, expenses of $694K, and assets of $2.1M (revenue +5.0% year-over-year).
- 2013: Revenue of $726K, expenses of $702K, and assets of $2.0M (revenue +3.6% year-over-year).
- 2012: Revenue of $701K, expenses of $666K, and assets of $2.1M (revenue -0.9% year-over-year).
- 2011: Revenue of $707K, expenses of $650K, and assets of $1.8M.
Data Sources and Methodology
This transparency report for Illinois Life & Health Insurance Council is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.