Civic Intelligence

Life Services Network of Illinois

990 • Fiscal year 2020 • EIN 36-3512871

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 23, 2021

550 Warrenville Road No 102Lisle, IL 60532

(630) 325-6170

Siviq Scores

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

Liabilities / Assets

69th percentile

0.36x

Higher debt load relative to assets than 69% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

79th percentile

0.75x

Higher debt load relative to revenue than 79% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Net Margin

62nd percentile

9.0%

Higher net margin than 62% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

53rd percentile

$282,968

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 11.1% of source-year revenue.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Asset Growth

79th percentile

16%

Faster asset growth than 79% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

27th percentile

-21%

Faster revenue growth than 27% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$5,421,134

Up $764,286 (+16%) from 2019

Net Assets

Up

$3,492,456

Up $231,104 (+7.1%) from 2019

Liabilities

Up

$1,928,678

Up $533,182 (+38%) from 2019

Revenue

Down

$2,556,996

Down $683,105 (-21%) from 2019

Expenses

Down

$2,325,885

Down $651,025 (-22%) from 2019

Net Income

Down

$231,111

Down $32,080 (-12%) from 2019

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2017: $3,853,470Liabilities 2017: $1,549,559Net Assets 2017: $2,303,9112017Assets 2018: $3,740,068Liabilities 2018: $853,241Net Assets 2018: $2,886,8272018Assets 2019: $4,656,848Liabilities 2019: $1,395,496Net Assets 2019: $3,261,3522019Assets 2020: $5,421,134Liabilities 2020: $1,928,678Net Assets 2020: $3,492,4562020Assets 2021: $5,770,519Liabilities 2021: $1,713,740Net Assets 2021: $4,056,7792021Assets 2022: $5,752,590Liabilities 2022: $1,997,327Net Assets 2022: $3,755,2632022Assets 2023: $5,141,716Liabilities 2023: $910,406Net Assets 2023: $4,231,3102023Assets 2024: $6,856,092Liabilities 2024: $824,496Net Assets 2024: $6,031,5962024

Highlighted filing

2020

Assets$5,421,134
Liabilities$1,928,678
Net Assets$3,492,456

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2017: $2,981,255Expenses 2017: $2,166,787Net Income 2017: $814,4682017Revenue 2018: $3,517,027Expenses 2018: $2,831,002Net Income 2018: $686,0252018Revenue 2019: $3,240,101Expenses 2019: $2,976,910Net Income 2019: $263,1912019Revenue 2020: $2,556,996Expenses 2020: $2,325,885Net Income 2020: $231,1112020Revenue 2021: $2,312,886Expenses 2021: $1,978,482Net Income 2021: $334,4042021Revenue 2022: $2,466,669Expenses 2022: $2,227,414Net Income 2022: $239,2552022Revenue 2023: $2,518,353Expenses 2023: $2,373,140Net Income 2023: $145,2132023Revenue 2024: $4,334,628Expenses 2024: $2,844,313Net Income 2024: $1,490,3152024

Highlighted filing

2020

Revenue$2,556,996
Expenses$2,325,885
Net Income$231,111
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 23, 2021
Return Version
2020v4.1
Gross Receipts
$4,918,167
Mission and Program Overview

Mission

Advancing excellence and innovation in adult life services

Leadingage illinois' mission is to advance excellence and innovation in adult life services. Committed to advancing excellence, we advocate for quality services, promote innovative practices, and foster collaboration. We serve the full spectrum of providers including home and community based services (hcbs), senior housing, life plan communities (lpc)/continuing care retirement communities (ccrc), assisted living, supportive living, andskilled nursing/rehabilitation centers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,587,603$3,219,308▲ $631,705
Investments in Publicly Traded Securities$1,663,319$1,894,784▲ $231,465
Savings and Temporary Cash Investments$96,898--
Land, Buildings, and Equipment, Net$111,427$93,042▼ $18,385
Accounts Receivable$63,018$86,465▲ $23,447
Prepaid Expenses and Deferred Charges$70,119$68,646▼ $1,473
Total Assets$4,656,848$5,421,134▲ $764,286
Other Assets Total$64,464$58,889▼ $5,575
Liabilities
Deferred Revenue$881,032$1,342,363▲ $461,331
Other Liabilities$277,849$425,517▲ $147,668
Accounts Payable and Accrued Expenses$236,615$160,798▼ $75,817
Total Liabilities$1,395,496$1,928,678▲ $533,182
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,261,352$3,492,456▲ $231,104
Total Net Assets Fund Balance$3,261,352$3,492,456▲ $231,104
Total Liabilities and Net Assets / Fund Balance$4,656,848$5,421,134▲ $764,286

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$93,042$137,266$230,308
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen MesserPresident/CEOFT$235,475$47,493$282,968
Angela SchnepfExecutive VPFT$153,565$22,266$175,831
Ruta PrasauskasVP Health ServicesFT$134,866$3,571$138,437
Kirk RivaVP Public PolicyFT$115,251$15,243$130,494
Therese RominGpo AdvisorFT$100,629$13,506$114,135

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Cliftonlarsonallen LLPAccounting1301 W 22ND ST 1100, Oakbrook, IL 60523$196,934
Revenue and Support

Revenue Composition

Contributions and Grants
$48,189
Program Service Revenue
$1,703,227
Investment Income
$140,017
Other Revenue
$665,563
All Other Contributions
$48,189
Change in Net Assets
$231,111
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,413,780
Other Expenses$912,105
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$765,354
Current Officers, Directors, Trustees, and Key Employees---$471,932
Fees for Services Accounting---$191,278
Occupancy---$178,741
Conferences and Meetings---$155,163
Office Expenses---$135,229
Payroll Taxes---$84,427
Other Employee Benefits---$79,298
Fees for Services Other---$48,256
Depreciation Depletion---$40,401
Information Technology---$31,881
Pension Plan Contributions---$12,769
Insurance---$12,218
Other Expenses---$11,862
Advertising---$6,819
Fees for Service Investment Mgmnt Fees---$6,799
Travel---$6,070
All Other Expenses---$5,368
Interest---$4,442
Fees for Services Legal---$2,795
Total Functional Expenses$0$0$0$2,325,885
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to National Organization$344,610
Obligation Under Capital Lease$70,547
Accrued Rent$10,360
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Life services network is a membership organization with members that are providers of senior living, care, services and supports. Non-voting members are business members, associate members, affiliate members, student members and honorary members.

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

Cabinet chairs are elected by the cabinets and at-large members are elected by the executive committee.

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

The board reviews and approves the 990 prior to filing.

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

Officers, directors and key employees are required to sign a conflict of interest disclosure annually at the board meeting preceeding the annual conference when new board members are installed. In addition, board members are asked to outline any conflicts of interest they may have based on agenda items to be discussed.

Form 990, Part VI, Section B, Line 15

15a. The compensation of the president is determined by the board after reviewing executive compensation of like organizations. 15b. Key employees' salaries are reviewed by the president and are compared to salary surveys from association forum.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public on request.

Filing and Contact Details

Filer

Filer Name
Life Services Network of Illinois
EIN
36-3512871
Phone
6303256170
Address
550 WARRENVILLE ROAD NO 102, LISLE, IL 60532

Signing Officer

Name
Angela Schnepf
Title
President and CEO
Phone
6303256170
Signed
2021-09-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angela Schnepf
Formed
1986
Legal Domicile
Il
Voting Board Members
15
Independent Board Members
15
Employees
12
Volunteers
98

Preparer

Firm
Mann Weitz & Associates LLC
Address
111 DEER LAKE ROAD SUITE 125, DEERFIELD, IL 60015
Preparer
Marcy Steindler
Phone
8472673400
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. As of december 31, 2020, the organization had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIR ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE VP
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP HEALTH SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP PUBLIC POLICY
IRS990/Form990PartVIISectionAGrp/TitleTxt19GPO ADVISOR
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IRS990/MissionDesc0ADVANCING EXCELLENCE AND INNOVATION IN ADULT LIFE SERVICES
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IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATIONAL: LEADINGAGE ILLINOIS IS COMMITTED TO PROVIDING ITS MEMBERS WITH THE BEST LEARNING OPPORTUNITIES FOR THE MOST EFFECTIVE COSTS. WITH ITS COUNTLESS EDUCATIONAL SESSIONS, CONFERENCES, SEMINARS, AND WORKSHOPS, LEADINGAGE IL WORKS TO ADVANCE ITS MEMBERS' UNDERSTANDING OF THE MOST IMPORTANT ISSUES IN THE ADULT CARE INDUSTRY. THE ANNUAL EXPO AND MEETING WERE NOT HELD IN 2020 DUE TO THE COVID 19 PANDEMIC, HOWEVER, MANY LEARNING OPPORTUNITIES WERE HELD VIRTUALLY THROUGHOUT THE YEAR FOR MEMBERS.
IRS990/ProgSrvcAccomActy3Grp/Desc0MEMBERSHIP SERVICES: LEADINGAGE ILLINOIS IS A STATEWIDE ASSOCIATION DEDICATED TO REPRESENTING THE LEADING PROVIDERS OF THE COMPLETE CONTINUUM OF SERVICES FOR OLDER ADULTS, INCLUDING NURSING CARE, ASSISTED AND SUPPORTIVE LIVING, SENIOR HOUSING AND HOME AND COMMUNITY BASED SERVICES. LEADINGAGE ILLINOIS IS HIGHLY COMMITTED TO THE ADVANCEMENT OF QUALITY AND INNOVATION IN OLDER ADULT SERVICES.
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