Illinois Retired Teachers Association
Nonprofit profile at a glance
- EIN
- 370892878
- IRS 990 coverage
- 2013–2025
- Forms available
- Form 990 2025, Form 990-N 2019
- Location
- Springfield, IL, USA
- Phone
- 2175238488
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Teachers Retirement Fund Association
Reported finances
- Revenue
- $2,145,247
- Expenses
- $1,293,924
- Assets
- $5,530,210
- Liabilities
- $808
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
32 people listed
Executive titles in this filing
- Michael Schmidt (President Chair)
- Rainy Kaplan (Vice President)
- Jessica Newbold Hoselton (Executive Director)
Highest reported compensation
- Jessica Newbold Hoselton (Executive Director): $236,900 total reported compensation
- Erica Pinkley (Comptroller): $112,424 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Illinois Retired Teachers Association is a not-for-profit, non-partisan organization of retired educators. The Association serves the needs and interests of its members through advocacy, education, cooperation and socialization in a flexible organizational structure.
What it reported doing in 2025
Support to local chapters of retired teachers organizations through publications, counseling on rights and benefits and program assistance. Currently serving approximately 38,000 members.
Operating model
- Revenue model
- Earned-program. 72% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - Most voting board members are independent and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 46
- Transparency & Controls: 66
- Accountability: 100
- Sustainability: 76
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 41.8%; rating input score 42
- Program expense ratio: 69%; rating input score 69
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 39.7%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 4.27; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 27%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 1.6% per year; rating input score 100; 18th percentile among comparable filings
- Revenue growth: 3.6% per year; rating input score 100; 27th percentile among comparable filings
- Asset growth: 6.7% per year; rating input score 100; 43rd percentile among comparable filings
Details
- Where the money goes: 41.8% of revenue deployed · 69% of spending went to programs
- Governance: 30 of 30 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $893K in reported program spending
- Leadership: top reported pay $237K · 32 people listed · 1 of 6 pay-setting controls reported
- Consistency: 31 of 31 current checks pass
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 13 filing years from 2013 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 42/100.
- High — Sustainability: Officer compensation ratio scored 10/100.