Civic Intelligence

Illinois Academy of Family Physicians

EIN 36-2150319 • 501(c)6 • Bolingbrook, IL

View Organization Page

Profile

To promote excellence in the health and well-being of people of illinois through support and education of family physicians and the families and communities they serve.

747 E Boughton Road 253Bolingbrook, IL 60440

www.iafp.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

48th percentile

0.14x

Higher debt load relative to assets than 48% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.18x

Higher debt load relative to revenue than 52% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

70th percentile

12%

Higher net margin than 70% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

85th percentile

$279,275

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

88th percentile

27%

Faster asset growth than 88% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

36th percentile

1.1%

Faster revenue growth than 36% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets48th percentile

Assets

Up

$3,745,003

Up $801,356 (+27%) from 2023

Liabilities

Up

$506,829

Up $125,133 (+33%) from 2023

Net Assets

Up

$3,238,174

Up $676,223 (+26%) from 2023

Operations
Liabilities / Revenue52nd percentileNet Margin70th percentile

Revenue

Up

$2,877,043

Up $32,488 (+1.1%) from 2023

Expenses

Up

$2,538,765

Up $354,177 (+16%) from 2023

Net Income

Down

$338,278

Down $321,689 (-49%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth88th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $1,434,498Liabilities 2014: $642,587Net Assets 2014: $791,9112014Assets 2015: $1,285,748Liabilities 2015: $571,341Net Assets 2015: $714,4072015Assets 2018: $1,015,839Liabilities 2018: $566,541Net Assets 2018: $449,2982018Assets 2019: $992,713Liabilities 2019: $744,423Net Assets 2019: $248,2902019Assets 2020: $1,023,153Liabilities 2020: $670,127Net Assets 2020: $353,0262020Assets 2021: $1,541,936Liabilities 2021: $584,523Net Assets 2021: $957,4132021Assets 2022: $2,029,305Liabilities 2022: $382,983Net Assets 2022: $1,646,3222022Assets 2023: $2,943,647Liabilities 2023: $381,696Net Assets 2023: $2,561,9512023Assets 2024: $3,745,003Liabilities 2024: $506,829Net Assets 2024: $3,238,1742024

Highlighted filing

2024

Assets$3,745,003
Liabilities$506,829
Net Assets$3,238,174
Open 2024 Filing

Operations Trend

Revenue Growth36th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $2,017,962Expenses 2014: $2,124,724Net Income 2014: -$106,7622014Revenue 2015: $1,984,068Expenses 2015: $2,061,572Net Income 2015: -$77,5042015Revenue 2018: $1,949,562Expenses 2018: $2,099,101Net Income 2018: -$149,5392018Revenue 2019: $1,740,446Expenses 2019: $1,899,664Net Income 2019: -$159,2182019Revenue 2020: $1,571,618Expenses 2020: $1,472,855Net Income 2020: $98,7632020Revenue 2021: $2,396,544Expenses 2021: $1,762,613Net Income 2021: $633,9312021Revenue 2022: $3,210,965Expenses 2022: $2,292,596Net Income 2022: $918,3692022Revenue 2023: $2,844,555Expenses 2023: $2,184,588Net Income 2023: $659,9672023Revenue 2024: $2,877,043Expenses 2024: $2,538,765Net Income 2024: $338,2782024

Highlighted filing

2024

Revenue$2,877,043
Expenses$2,538,765
Net Income$338,278
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,745,003
Liabilities
$506,829
Net assets
$3,238,174
Revenue
$2,877,043
Expenses
$2,538,765
Net income
$338,278
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.75$0.51$3.24$2.88$2.54$0.34
2023Detailed filing. Detailed filing data is available for this year.$2.94$0.38$2.56$2.84$2.18$0.66
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.03$0.38$1.65$3.21$2.29$0.92
2021Detailed filing. Detailed filing data is available for this year.$1.54$0.58$0.96$2.40$1.76$0.63
2020Detailed filing. Detailed filing data is available for this year.$1.02$0.67$0.35$1.57$1.47$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.99$0.74$0.25$1.74$1.90$0.16
2018Detailed filing. Detailed filing data is available for this year.$1.02$0.57$0.45$1.95$2.10$0.15
2015Detailed filing. Detailed filing data is available for this year.$1.29$0.57$0.71$1.98$2.06$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.43$0.64$0.79$2.02$2.12$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jun 18, 2025
Return Version
2023v6.0
Gross Receipts
$3,785,784
Mission and Program Overview

Mission

To promote excellence in the health and well-being of people of illinois through support and education of family physicians and the families and communities they serve.

To promote excellence in the health and well-being of people of illinois

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,916,284$2,919,869▲ $1,003,585
Savings and Temporary Cash Investments$9,984$596,619▲ $586,635
Cash and Non-Interest-Bearing Accounts$495,730$25,994▼ $469,736
Pledges and Grants Receivable$230,909$14,333▼ $216,576
Prepaid Expenses and Deferred Charges$7,010$133▼ $6,877
Total Assets$2,943,647$3,745,003▲ $801,356
Other Assets Total$283,730$188,055▼ $95,675
Liabilities
Deferred Revenue$240,441$269,960▲ $29,519
Accounts Payable and Accrued Expenses$122,898$217,811▲ $94,913
Other Liabilities$18,357$19,058▲ $701
Total Liabilities$381,696$506,829▲ $125,133
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,561,951$3,188,174▲ $626,223
Net Assets With Donor Restrictions-$50,000-
Total Net Assets Fund Balance$2,561,951$3,238,174▲ $676,223
Total Liabilities and Net Assets / Fund Balance$2,943,647$3,745,003▲ $801,356

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$24,316--
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gordana KrkicCo-CEO CAOFT$224,167$55,108$279,275
JENNIFER O'LEARYCo-CEO CFOFT$232,507$45,971$278,478
Kathleen ValentineVice President of EducationFT$126,880$37,466$164,346
Virginia FlynnVice President of CommunicationFT$129,445$26,483$155,928
Corinne KohlerPresident Elect-$8,050-$8,050
Christina WellsTreasurer-$7,681-$7,681
Kathleen RowlandPresident-$4,875-$4,875
Safiya Mcneese RuffinDirector-$2,400-$2,400
Mustafa AlaviSecond Vice President-$2,100-$2,100
Satina WheatFirst Vice President-$1,500-$1,500
Aaron NewcombDirector-$1,500-$1,500

Board Members and Trustees

NameTitle
Emma DaisyChair
Alexa MartinDirector
Ashley SchaferDirector
Avinash ManthaDirector
Christopher VealDirector
Eric SullivanDirector
Eukesh RanjitDirector
Jennifer ThomasDirector
Natalie SmileyDirector
Rebecca MaddrellDirector
Stephani BeardDirector
Sydney DoeDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$867,190
Program Service Revenue
$1,876,193
Investment Income
$128,293
Other Revenue
$5,367
All Other Contributions
$867,190
Change in Net Assets
$338,278

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,846,995
Revenue Not Reported on Financial Statements
$30,048
Revenue Not Reported on Form 990
$337,945
Total Revenue per Audited Statements
$3,184,940
Total Revenue per Form 990
$2,877,043
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,394,810
Salaries, Compensation, and Employee Benefits$1,010,036
Professional Fundraising Fees$133,919
Grants and Similar Amounts Paid$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$585,859
Other Salaries and Wages---$296,781
Fees for Services Professional Fundraising---$133,919
Travel---$111,347
Fees for Services Accounting---$88,482
Fees for Services Lobbying---$74,375
Payroll Taxes---$68,031
Office Expenses---$47,436
Pension Plan Contributions---$36,849
Fees for Service Investment Mgmnt Fees---$30,048
Information Technology---$28,344
Other Employee Benefits---$22,516
Conferences and Meetings---$18,016
Advertising---$12,364
Insurance---$8,517
Fees for Services Legal---$2,861
Fees for Services Other---$2,500
Other Expenses---$1,959
Total Functional Expenses$0$0$0$2,538,765

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,538,765
Expenses per Audited Statements$2,508,717
Total Expenses per Audited Statements$2,508,717
Expenses Not Reported on Financial Statements$30,048
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$133,919
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$74,375
Total Nondeductible Lobbying and Political Cost$74,375
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Amounts Held for Member Interest Groups$19,058
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Family physicians in illinois that are members of the american academy of family physicians also belong to the illinois academy of family physicians.”

Form 990, Part VI, Section A, Line 7A

“Members elect other members to the governing body as stated in the bylaws. Leadership development committee qualifies candidates for the membership to vote on. A ballot is sent to each member either electronically or through the u.s. Mail. Each member has the opportunity to vote and the winning candidates are sworn in at the annual meeting. Those members then sit on the board of directors.”

Form 990, Part VI, Section B, Line 11B

“A copy of the 990 is reviewed by the ceo/cfo and the ceo/cao. The 990 is then reviewed by the audit and tax committee. Once all have reviewed and all items are corrected, it is signed by the ceo/cfo and mailed.”

Form 990, Part VI, Section B, Line 12C

“Each board member has to complete the conflict of interest statement annually and the results are reviewed at each board meeting. Members must complete a new one if there are any changes.”

Form 990, Part VI, Section B, Line 15

“Using comparability data through the association forum of chicagoland yearly compensation and benefit surevey, the association determines employees compensation. Independent persons are not used. The board does a yearly review of the ceo which goes into executive session annually to review and approve ceo's compensation.”

Form 990, Part VI, Section C, Line 19

“All governing documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Illinois Academy of Family Physicians
EIN
36-2150319
Phone
6304350257
Address
747 E BOUGHTON ROAD 253, BOLINGBROOK, IL 60440

Signing Officer

Name
JENNIFER O'LEARY
Title
Co-CEO CFO
Phone
6304350257
Signed
2025-06-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
JENNIFER O'LEARY
Formed
1951
Legal Domicile
Il
Voting Board Members
19
Independent Board Members
19
Employees
5
Volunteers
26

Preparer

Firm
DUGAN & LOPATKA CPA'S PC
Address
4320 WINFIELD ROAD SUITE 450, WARRENVILLE, IL 60555-4036
Preparer
Ron Marklund
Phone
6306654440
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Academic partner dues 2,500.”

FORM 990, PART XII, LINE 2C:

“No changes from prior year”

Financial Statement Notes

PART X, LINE 2:

“Accounting principles generally accepted in the united states of america require management to evaluate tax positions by the academy and recognize a tax liability (or asset) if the academy has taken an uncertain tax position that more likely than not would be sustained upon examination by the internal revenue service. Management has analyzed the tax positions taken by the academy, and has concluded that as of september 30, 2024, there are no uncertain tax positions taken, or expected to be taken, that require adjustments to, or disclosure in, the financial statements. The academy is no longer subject to income tax examinations by federal, state, or local authorities for fiscal years before 2021.”

Raw XML AppendixShowing 400 of 594 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT ELECT
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IRS990/Form990PartVIISectionAGrp/TitleTxt4SECOND VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19CO-CEO CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt20CO-CEO CAO
IRS990/Form990PartVIISectionAGrp/TitleTxt21VICE PRESIDENT OF EDUCATION
IRS990/Form990PartVIISectionAGrp/TitleTxt22VICE PRESIDENT OF COMMUNICATION
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IRS990/ProgSrvcAccomActy3Grp/Desc0EDUCATION-VARIOUS COURSES OFFERED THROUGHOUT THE YEAR WHICH PROVIDE EDUCATIONAL GUIDELINES FOR FAMILY PHYSICIANS AND PRACTICES ADMINISTRATIONS.
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