Illinois Retired Teachers Association Inc
EIN: 370892878 · Springfield, IL · NTEE: Y33Z
Is Illinois Retired Teachers Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Illinois Retired Teachers Association Inc
Illinois Retired Teachers Association Inc (EIN: 370892878) is a nonprofit organization based in Springfield, IL, classified under NTEE code Y33Z. The organization reported total revenue of $3.2M and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Illinois Retired Teachers Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Illinois Retired Teachers Association Inc is a mid-size nonprofit that has been operating for 60 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$141K |
| Total Assets | $4.0M |
| Total Liabilities | $2K |
| Net Assets | $4.0M |
| Operating Margin | 9.4% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 35.5 months |
Financial Health Grade: A
In 2023, Illinois Retired Teachers Association Inc reported a surplus of $141K with revenue exceeding expenses, holds 35.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Illinois Retired Teachers Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.8% | -11.4% | +3.7% |
| 2022 | -24.0% | +29.0% | -4.4% |
| 2021 | +33.6% | -4.2% | +13.5% |
| 2020 | +0.4% | +16.4% | +5.9% |
| 2019 | +0.2% | -7.6% | +8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1966 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Illinois Retired Teachers Association Inc 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 Retired Teachers Association Inc 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 $141K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Illinois Retired Teachers Association Inc
Is Illinois Retired Teachers Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Illinois Retired Teachers Association Inc (EIN: 370892878) insufficient data. 0 red flags identified, 0 strengths noted.
How does Illinois Retired Teachers Association Inc spend its money?
Detailed spending breakdown data is not yet available for Illinois Retired Teachers Association Inc. Check back for updated IRS 990 analysis.
Are donations to Illinois Retired Teachers Association Inc tax-deductible?
Illinois Retired Teachers Association Inc is registered as a tax-exempt nonprofit (EIN: 370892878). 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 Retired Teachers Association Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Illinois Retired Teachers Association Inc's revenue has grown by 81.7%, moving from $825K to $1.5M. Total assets increased by 134.8% over the same period, from $1.7M to $4.0M. Total functional expenses rose by 85.3%, from $733K to $1.4M. In its most recent filing year (2023), Illinois Retired Teachers Association Inc reported a surplus of $141K, with revenue exceeding expenses. The organization holds $2K in liabilities against $4.0M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.4M | $4.0M | $2K | — | View 990 |
| 2022 | $1.4M | $1.5M | $3.9M | $1K | — | View 990 |
| 2021 | $1.8M | $1.2M | $4.1M | $2K | — | — |
| 2020 | $1.3M | $1.2M | $3.6M | $113K | — | — |
| 2019 | $1.3M | $1.1M | $3.4M | $8K | — | View 990 |
| 2018 | $1.3M | $1.2M | $3.1M | $12K | — | View 990 |
| 2017 | $1.3M | $1.1M | $3.0M | $20K | — | View 990 |
| 2015 | $1.5M | $1.2M | $2.7M | $31K | — | View 990 |
| 2013 | $1.2M | $845K | $2.3M | $5K | — | View 990 |
| 2012 | $942K | $772K | $1.9M | $1K | — | View 990 |
| 2011 | $825K | $733K | $1.7M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.4M, and assets of $4.0M (revenue +10.8% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.5M, and assets of $3.9M (revenue -24.0% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.2M, and assets of $4.1M (revenue +33.6% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.2M, and assets of $3.6M (revenue +0.4% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.1M, and assets of $3.4M (revenue +0.2% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.2M, and assets of $3.1M (revenue -1.3% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.1M, and assets of $3.0M (revenue -7.6% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.2M, and assets of $2.7M (revenue +18.3% year-over-year).
- 2013: Revenue of $1.2M, expenses of $845K, and assets of $2.3M (revenue +30.4% year-over-year).
- 2012: Revenue of $942K, expenses of $772K, and assets of $1.9M (revenue +14.2% year-over-year).
- 2011: Revenue of $825K, expenses of $733K, and assets of $1.7M.
Data Sources and Methodology
This transparency report for Illinois Retired Teachers Association Inc 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.