Civic Intelligence

Illinois Regional Insulation Contractors Association

990 • Fiscal year 2018 • EIN 36-2655851

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 06, 2019

Organization ProfileWWW.INSULATION.COM
1515 E Woodfield Road Suite 118Schaumburg, IL 60173

(847) 619-9582

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

35th percentile

0.01x

Higher debt load relative to assets than 35% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

42nd percentile

0.03x

Higher debt load relative to revenue than 42% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Net Margin

12th percentile

-12%

Higher net margin than 12% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

45th percentile

$31,875

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 12.9% of source-year revenue.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Asset Growth

16th percentile

-11%

Faster asset growth than 16% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

22nd percentile

-6.4%

Faster revenue growth than 22% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets35th percentile

Assets

Down

$543,234

Down $70,197 (-11%) from 2017

Net Assets

Down

$535,636

Down $73,922 (-12%) from 2017

Liabilities

Up

$7,598

Up $3,725 (+96%) from 2017

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin12th percentile

Revenue

Down

$247,556

Down $16,908 (-6.4%) from 2017

Expenses

Up

$276,405

Up $8,042 (+3.0%) from 2017

Net Income

Down

-$28,849

Down $24,950 (-640%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2010: $281,584Liabilities 2010: $603Net Assets 2010: $280,9812010Assets 2011: $257,588Liabilities 2011: $1,901Net Assets 2011: $255,6872011Assets 2012: $295,447Liabilities 2012: $3,443Net Assets 2012: $292,0042012Assets 2013: $496,714Liabilities 2013: $3,560Net Assets 2013: $493,1542013Assets 2014: $534,866Liabilities 2014: $10,576Net Assets 2014: $524,2902014Assets 2015: $578,819Liabilities 2015: $3,504Net Assets 2015: $575,3152015Assets 2016: $590,855Liabilities 2016: $1,212Net Assets 2016: $589,6432016Assets 2017: $613,431Liabilities 2017: $3,873Net Assets 2017: $609,5582017Assets 2018: $543,234Liabilities 2018: $7,598Net Assets 2018: $535,6362018Assets 2019: $551,046Liabilities 2019: $906Net Assets 2019: $550,1402019Assets 2020: $595,430Liabilities 2020: $2,140Net Assets 2020: $593,2902020Assets 2021: $621,034Liabilities 2021: $2,056Net Assets 2021: $618,9782021Assets 2022: $498,279Liabilities 2022: $2,984Net Assets 2022: $495,2952022Assets 2023: $456,197Liabilities 2023: $2,203Net Assets 2023: $453,9942023Assets 2024: $525,060Liabilities 2024: $0Net Assets 2024: $525,0602024

Highlighted filing

2018

Assets$543,234
Liabilities$7,598
Net Assets$535,636
Open 2018 Filing

Operations Trend

Revenue Growth22nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $262,3842010Expenses 2011: $302,3672011Expenses 2012: $289,3042012Revenue 2013: $494,889Expenses 2013: $297,483Net Income 2013: $197,4062013Revenue 2014: $269,227Expenses 2014: $233,147Net Income 2014: $36,0802014Revenue 2015: $311,954Expenses 2015: $237,515Net Income 2015: $74,4392015Revenue 2016: $270,180Expenses 2016: $250,574Net Income 2016: $19,6062016Revenue 2017: $264,464Expenses 2017: $268,363Net Income 2017: -$3,8992017Revenue 2018: $247,556Expenses 2018: $276,405Net Income 2018: -$28,8492018Revenue 2019: $227,682Expenses 2019: $257,243Net Income 2019: -$29,5612019Revenue 2020: $223,085Expenses 2020: $216,346Net Income 2020: $6,7392020Revenue 2021: $213,003Expenses 2021: $188,692Net Income 2021: $24,3112021Revenue 2022: $264,374Expenses 2022: $293,033Net Income 2022: -$28,6592022Revenue 2023: $228,514Expenses 2023: $304,596Net Income 2023: -$76,0822023Revenue 2024: $238,845Expenses 2024: $178,842Net Income 2024: $60,0032024

Highlighted filing

2018

Revenue$247,556
Expenses$276,405
Net Income-$28,849
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 6, 2019
Return Version
2018v3.1
Gross Receipts
$247,556
Mission and Program Overview

Mission

An educational resource to promote mechanical insulation and firestopping, and further educate union employees. The association conducts workshops, conferences and seminars, as well as issuing various newsletters throughout the year.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$467,395$441,098▼ $26,297
Accounts Receivable$37,256$46,367▲ $9,111
Cash and Non-Interest-Bearing Accounts$98,712$41,605▼ $57,107
Prepaid Expenses and Deferred Charges$8,568$12,664▲ $4,096
Total Assets$613,431$543,234▼ $70,197
Other Assets Total$1,500$1,500→ $0
Liabilities
Accounts Payable and Accrued Expenses$3,873$7,598▲ $3,725
Total Liabilities$3,873$7,598▲ $3,725
Net Assets / Fund Balance
Unrestricted Net Assets$609,558$535,636▼ $73,922
Total Net Assets Fund Balance$609,558$535,636▼ $73,922
Total Liabilities and Net Assets / Fund Balance$613,431$543,234▼ $70,197

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$36,923$36,923
Leasehold Improvements-$8,742$8,742
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jeff CorradoExecutive DiPT$31,875$31,875

Board Members and Trustees

NameTitle
Peter CastellarinPresident
Dan KraemerDirector
Ed StevensDirector
Gerry StolarzDirector
John LenosDirector
Kevin CusackDirector
Kevin DohertyDirector
Mike DettmannDirector
Paul OttolinoDirector
Steve LuseDirector
Bruce BittnerSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$221,384
Program Service Revenue
$0
Investment Income
$22,410
Other Revenue
$3,762
Change in Net Assets
$-28,849
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$140,810
Salaries, Compensation, and Employee Benefits$135,595
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$93,700
Advertising---$40,514
Current Officers, Directors, Trustees, and Key Employees---$31,875
Occupancy---$17,676
Conferences and Meetings---$13,062
Travel---$12,126
Payroll Taxes---$10,020
Insurance---$9,493
Information Technology---$7,073
Fees for Services Accounting---$6,880
Other Expenses---$3,861
Fees for Service Investment Mgmnt Fees---$3,670
All Other Expenses---$2,966
Office Expenses---$702
Total Functional Expenses$0$0$0$276,405
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The form 990 is reviewed with the executive director and the treasurer of the association.”

Form 990, Page 6, Part VI, Line 15A

“The board of directors reviews and approves compensation for the executive director and all employees annually.”

Form 990, Page 6, Part VI, Line 15B

“The board of directors reviews and approves compensation for the executive director and all employees annually.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Illinois Regional Insulation
EIN
36-2655851
Phone
8476199582
Address
1515 E WOODFIELD ROAD SUITE 118, SCHAUMBURG, IL 60173

Signing Officer

Name
Jeff Corrado
Title
Executive Director
Phone
8476199528
Signed
2019-06-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Corrado
Formed
1929
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
3

Preparer

Firm
Eric J Fernandez & Co
Address
1S443 SUMMIT AVE STE 302, OAKBROOK TERRACE, IL 60181
Preparer
Jeffrey Kociak
Phone
6309324880
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“An educational resource to promote mechanical insulation and firestopping, and further educate union employees. The association conducts workshops, conferences and seminars, as well as issuing various newsletters throughout the year.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization has adopted fasb asc 740-10-25, accounting for uncertainty in income taxes. The organization will record a liability for uncertain tax positions when it is more likely than not that a tax position would not be sustained if examined by a taxing authority. The organization continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. The organization's evaluation on december 31, 2018 revealed no uncertain tax positions that would have a material impact on the financial statements. The 2015 through 2017 tax years remain subject to examination by the irs. The organization does not believe that any reasonably possible changes will occur within the next twelve months that will have a material impact on the financial statements.”

Raw XML Appendix343 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED FASB ASC 740-10-25, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ORGANIZATION WILL RECORD A LIABILITY FOR UNCERTAIN TAX POSITIONS WHEN IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WOULD NOT BE SUSTAINED IF EXAMINED BY A TAXING AUTHORITY. THE ORGANIZATION CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE ORGANIZATION'S EVALUATION ON DECEMBER 31, 2018 REVEALED NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. THE 2015 THROUGH 2017 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE IRS. THE ORGANIZATION DOES NOT BELIEVE THAT ANY REASONABLY POSSIBLE CHANGES WILL OCCUR WITHIN THE NEXT TWELVE MONTHS THAT WILL HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AN EDUCATIONAL RESOURCE TO PROMOTE MECHANICAL INSULATION AND FIRESTOPPING, AND FURTHER EDUCATE UNION EMPLOYEES. THE ASSOCIATION CONDUCTS WORKSHOPS, CONFERENCES AND SEMINARS, AS WELL AS ISSUING VARIOUS NEWSLETTERS THROUGHOUT THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED WITH THE EXECUTIVE DIRECTOR AND THE TREASURER OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION FOR THE EXECUTIVE DIRECTOR AND ALL EMPLOYEES ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION FOR THE EXECUTIVE DIRECTOR AND ALL EMPLOYEES ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03762
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt0609558
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0535636
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IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.INSULATION.COM
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ReturnHeader/BusinessOfficerGrp/PersonNm0JEFF CORRADO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08476199528
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-06-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ILLINOIS REGIONAL INSULATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CONTRACTORS ASSOCIATION
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.145.172.124
ReturnHeader/FilingSecurityInformation/IPDt02019-07-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm016:36:21
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363141842
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ERIC J FERNANDEZ & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01S443 SUMMIT AVE STE 302
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OAKBROOK TERRACE
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ReturnHeader/PreparerPersonGrp/PreparationDt02019-07-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY KOCIAK
ReturnHeader/ReturnTs02019-07-09T16:36:21-05:00
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ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$543,234
Liabilities
$7,598
Net assets
$535,636
Revenue
$247,556
Expenses
$276,405
Net income
-$28,849
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.25$0.00$5.25$2.39$1.79$0.60
2023Detailed filing. Detailed filing data is available for this year.$4.56$0.02$4.54$2.29$3.05$0.76
2022Detailed filing. Detailed filing data is available for this year.$4.98$0.03$4.95$2.64$2.93$0.29
2021Detailed filing. Detailed filing data is available for this year.$6.21$0.02$6.19$2.13$1.89$0.24
2020Detailed filing. Detailed filing data is available for this year.$5.95$0.02$5.93$2.23$2.16$0.07
2019Detailed filing. Detailed filing data is available for this year.$5.51$0.01$5.50$2.28$2.57$0.30
2018Detailed filing. Detailed filing data is available for this year.$5.43$0.08$5.36$2.48$2.76$0.29
2017Detailed filing. Detailed filing data is available for this year.$6.13$0.04$6.10$2.64$2.68$0.04
2016Detailed filing. Detailed filing data is available for this year.$5.91$0.01$5.90$2.70$2.51$0.20
2015Detailed filing. Detailed filing data is available for this year.$5.79$0.04$5.75$3.12$2.38$0.74
2014Detailed filing. Detailed filing data is available for this year.$5.35$0.11$5.24$2.69$2.33$0.36
2013Detailed filing. Detailed filing data is available for this year.$4.97$0.04$4.93$4.95$2.97$1.97
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.95$0.03$2.92$2.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.58$0.02$2.56$3.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.82$0.01$2.81$2.62