BLACK CHAMBER OF LAKE COUNTY INC

EIN: 205628258

WAUKEGAN, IL

Total Revenue
$291,262
Total Expenses
$332,610
Total Assets
$240,086
Net Assets
$200,230
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
IL
Principal Officer
LYDIA LEWIS
Phone
8475999510
Tax Period
2021-01-01 to 2021-12-31

BLACK CHAMBER OF LAKE COUNTY INC, founded in 2009, is a small nonprofit that reported $291K in total revenue in fiscal year 2021. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $333K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO ENHANCE THE ECONOMY SOCIO ECONOMIC HEALTH THROUGH DIFFERENT PROGRAMS SUCH AS PRE APPRENTICESHIP CONSTRUCTION TRAINING ACADEMY AND SMALL BUSINESS TRAINING

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $291,262
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $291,262

Expense Breakdown

Grants Paid $62,500
Salaries & Benefits $229,205
Fundraising Expenses $0
Other Expenses $40,905
TOTAL EXPENSES $332,610

Year-over-Year Comparison

2021 2020 Change
Revenue $291,262 $395,374 -0.3%
Expenses $332,610 $413,757 -0.2%
Net Income $-41,348 $-18,383 +1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
N/A
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$112,215
Total Directors
0
$0
Key Employees
1
$112,215
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYDIA LEWIS PROGRAM DIRECTOR 040.00
Officer Key Emp
$112,215 $0 $112,215
DAN DAVIS TREASURE 010.00
Officer
$0 $0 $0
LINDA ARTEBERIE ACCOUNTANT 002.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $291,262 $332,610 $240,086 $-41,348
2020 $334,314 $434,007 $438,889 $-99,693
2020 $334,314 $434,007 $438,889 $-99,693
2019 $395,374 $413,757 $488,181 $-18,383
2018 $250,491 $271,080 $330,265 $-20,589
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