From Former Quigley Supporter:
6th and 14th Congressional District Financials Summary — 2nd Quarter 2019
July 15 was the deadline for federal campaign committees to file their 2nd quarter disclosure reports with the Federal Elections Commission (FEC).
Back on June 23rd’s update here on McHenry County Blog, I predicted where the major 14th congressional Republican candidates would be with cash-on-hand, which is a key metric to determine how a campaign is doing. Here is what was published last month:
Here are the numbers, as obtained through FEC filings throughout the day on July 15:
As reported by Cal earlier in the day on Monday, Congressman Sean Casten far outraised Evelyn Sanguinetti, and has over 12 times more cash on hand than his Republican challenger.
Incumbent congressmen having a significant financial advantage at this stage is common.
It’s the power of incumbency.
Before discussing the 14th congressional district challengers, candidate Sue Rezin is not included on this grid since she did not announce her candidacy until July 9.
She will be filing a 3rd quarter report in October, which will report her first fundraising activity.
Since Allen Skillicorn at this point has not formally entered the race through filing FEC paperwork, he is not included either.
Candidate Anthony Catella is not counted, since he has yet to file FEC paperwork since his mid March announcement to the print media.
My prediction was nearly accurate for Ted Gradel, missing the $300,000 cash on hand threshold by a little over $10,000.
The prediction for Oberweis was off significantly, from the $500,000 cash on hand prediction.
ANALYSIS: While money is not everything in any campaign, to be successful in a high-profile race like Congress, you must have significant cash to purchase TV advertising and materials to support a campaign.
In the 14th, Republicans Jim Oberweis and Ted Gradel lead in fundraising.
Oberweis has loaned his campaign $200,000, honoring his commitment to match dollar-for-dollar contributions up to $1 million.
Since Ted Gradel has only loaned himself $30,000 since he launched his campaign on April 23, the Gradel campaign has actually raised more money from donors in the slightly more than 2 months since its launch.
Factoring out candidate loans, Gradel has raised nearly $275,000 compared with the $216,402 Oberweis has raised.
Very impressive for a first time candidate.
Since James Marter did not formally launch his 14th congressional bid until May 30, his campaign raising what it did is a good start for only a month.
He will clearly need to do better in order to compete with Oberweis and Gradel.
Please note, Marter ran for Congress in 2018 in the 16th district, which is why he had cash on hand at the end of 2018, and the end of March.
Finally, Danny Malouf, since his campaign’s launch in mid February, lags far behind.
He did not file an FEC report in April.
His filing today covers the period from his campaign’s launch through June 30.
Sue Rezin is a proven fundraiser since first running for office in 2010.
If she can show the same effective fundraising under federal rules as she has in her Illinois General Assembly campaigns, she should be able to be competitive with all of the primary opponents, and we should see evidence in the 3rd quarter filings.
It should take the FEC 2-3 days to process the detailed data which will enable anyone to query each candidates’ details to determine who the donors are, as well as where the candidates are spending their money.
Additional detailed analytics will be forthcoming when this additional data is available.