State Universities Annuitants

Nonprofit profile at a glance

EIN
364134208
IRS 990 coverage
2011–2012
Forms available
Form 990 2012
Location
Springfield, IL, USA
Phone
2175234040
Rating confidence
Limited

Official website

Reported finances

Revenue
$162,266
Expenses
$155,031
Assets
$372,057
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.

Leadership & pay

1 person listed

Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

State universities annuitants association (suaa), composed of 15,000+ members, is a voluntary member association of annuitants and active employees of the state universities retirement system of Illinois (surs). Suaa advocates a strong and secure public employee pension and health benefit system with continuous tracking of benefit issues and state funding levels for the 135,000 participants of the surs pension system and the state employee health insurance plan. Suaa works with its members and government officials to enhance benefits for all annuitants and to ensure appropriate funding for those programs. Suaa publishes a monthly newsletter and conducts an annual meeting for its members. Suaa chapters are in every public university and community college campus in Illinois.

What it reported doing in 2012

The association of approximately 15,000 members promote the individual and collective interests and welfare of its members who are participants in the state universities retirement system of Illinois. Members receive newsletters and flyers keeping them informed of issues affecting annuitants. Also conducts an annual meeting for members.

Operating model

Revenue model
Earned-program. 97% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 75
  • Accountability: 30
  • Sustainability: 64
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 87.5%; rating input score 88; 4th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 66.2%; rating input score 66; 40th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: Limited
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 4.5%; rating input score 56; 56th percentile among comparable filings
  • Total-asset coverage ratio: 2.4; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 87; 87th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 74; 74th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 17.1% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 1.8% per year; rating input score 100; 51st percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $155K in reported program spending
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 14 of 15 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules · includes grants
  • Filing history: 2 filing years from 2011 to 2012
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Operating margin scored 56/100.