GREATER O'HARE ASSOCIATION OF INDU… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

SHIRLANNE LEMM

Phone

6307732944

Tax Period

2025-01-01 to 2025-12-31

GREATER O'HARE ASSOCIATION OF INDUSTRY & COMMERCE, founded in 1994, is a small nonprofit that reported $444K in total revenue in fiscal year 2025. Revenue decreased 13% compared to the prior year. Expenses of $429K left a modest 3% surplus.

Mission

OUR FOCUS IS TO PROVIDE MEMBERS WITH UNIQUE BUSINESS AND PERSONAL DEVELOPMENT THROUGH NETWORKING, EDUCATION AND MARKETING OPPORTUNITIES. WE ARE COMMITTED TO GROWING AND SUSTAINING A STRONG REGIONAL COMMUNITY BY PROVIDING BUSINESS ADVOCACY FOR OUR MEMBER COMPANIES.

Program Service Accomplishments

Program 1

PROVIDE MEETINGS FOR MEMBERS TO PROMOTE THE IMPROVEMENT OF BUSINESS CONDITIONS IN THE LOCAL AREA AND TO DISSEMINATE INFORMATION TO MEMBERS

Program 2

PROVIDE SEMINARS TO MEMBERS TO PROVIDE INFORMATION RELEVANT TO THE IMPROVEMENT OF LOCAL BUSINESS CONDITIONS

Program 3

PROVIDE DATA ON LOCAL AREA BUSINESS CONDITIONS THROUGH SURVEY INFORMATION AND NEWSLETTERS

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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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $231,324

Program Service Revenue $153,871

Investment Income $1,155

Other Revenue $57,572

TOTAL REVENUE $443,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $259,908

Fundraising Expenses $0

Other Expenses $168,602

TOTAL EXPENSES $428,510

Year-over-Year Comparison

	2025	2024	Change
Revenue	$443,922	$508,742	-0.1%
Expenses	$428,510	$479,187	-0.1%
Net Income	$15,412	$29,555	-0.5%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$102,350

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY BECKER	PAST CHAIR	1.00	Officer Director	$0	$0	$0
ANTONINO BONDI	TREASURER	1.00	Officer Director	$0	$0	$0
E JASON TREMBLAY	OF COUNSEL	1.00	Director	$0	$0	$0
HARRY CHANNON	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW HARROLD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
STEVEN ANDREWS	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
NINA NIELSEN	DIRECTOR	1.00	Director	$0	$0	$0
PAUL GENNUSO	DIRECTOR	1.00	Director	$0	$0	$0
CATERINA AIELLO	DIRECTOR	1.00	Director	$0	$0	$0
JORGE CERVANTES	DIRECTOR	1.00	Director	$0	$0	$0
VINCE MICELI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL-ANNE PECK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LISA GREGOR	DIRECTOR	1.00	Director	$0	$0	$0
LORI URBANIEC	DIRECTOR	1.00	Director	$0	$0	$0
KELLY CARBON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KOSAK	DIRECTOR	1.00	Director	$0	$0	$0
NATE WINNECKE	DIRECTOR	1.00	Director	$0	$0	$0
AMIE GRANGER	DIRECTOR	1.00	Director	$0	$0	$0
WENDY BECKER	DIRECTOR	1.00	Director	$0	$0	$0
KARI-ANN RYAN	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN URBAN	DIRECTOR	1.00	Director	$0	$0	$0
PREM JOSHI	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY JORDAN	DIRECTOR	1.00	Director	$0	$0	$0
SHIRLANNE LEMM	SECRETARY	40.00	Officer	$102,350	$0	$102,350

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
2025	$443,922	$428,510	$174,219	$15,412
2024	No data	No data	No data	No data
2023	$441,211	$461,815	$129,542	$-20,604
2022	$364,177	$457,548	$150,122	$-93,371
2021	$343,548	$333,408	$203,412	$10,140
2020	$382,749	$257,400	$268,221	$125,349
2019	$487,444	$475,593	$67,988	$11,851
2018	$487,662	$485,647	$52,249	$2,015

GREATER O'HARE ASSOCIATION OF INDUSTRY & COMMERCE