Page 40 - 2022 Annual Report 2022 FINAL
P. 40
Progress towards Net Revenue Goal
$40 million Net Revenue by 2030
38,000,000
33,000,000
28,000,000
23,000,000 Actual
Budget
18,000,000
13,000,000
8,000,000
2018 2019 2020 2021 2022 2023
Increase Practice Area Diversity so no one Practice Area exceeds 30% of our total work by 2030
With the acquisition of LeMay Erickson Willcox Architects not only did we increase our revenues in the
Municipal and Faith Based practices, we added a seventh practice area, Multi-Family Mixed Use. While
PK-12 continues to thrive in Illinois, the largest practice area in the firm now accounts for 49% of net
revenue compared to 56% last year.
Net Revenue by Practice Area
FY 2018 - 2022
$30,000,000
$25,000,000 Multi-Fam
Corporate
$20,000,000
Faith Based
$15,000,000 Higher Education
Federal
$10,000,000
Municipal
$5,000,000 PK-12
$-
FYE 18 FYE 19 FYE 20 FYE 21 FYE 22
Page | 27 Treasurer’s Report
