CHICAGOLAND CHAMBER OF COMMERCE FOUNDATION (EIN 237334589) - Form 990 Financial Analysis & Trantor Score

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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

1972

Legal Domicile

Principal Officer

JOHN LAVIN

Phone

3124946700

Tax Period

2022-07-01 to 2023-06-30

CHICAGOLAND CHAMBER OF COMMERCE FOUNDATION, founded in 1972, is a small nonprofit that reported $234K in total revenue in fiscal year 2022. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $307K exceeded revenue, resulting in a 31% operating deficit.

Mission

THE CHAMBER FOUNDATION COORDINATES EDUCATIONAL RESOURCES, PROGRAMS, AND RESEARCH TO ADVANCE THE ACTIVITIES OF THE CHAMBER.

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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 (2022)

Revenue Breakdown

Contributions & Grants $319,347

Program Service Revenue $0

Investment Income $3

Other Revenue $-85,533

TOTAL REVENUE $233,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $168,346

Fundraising Expenses $13,381

Program Expenses $200,474

Other Expenses $138,303

TOTAL EXPENSES $306,649

Year-over-Year Comparison

	2022	2021	Change
Revenue	$233,817	$336,733	-0.3%
Expenses	$306,649	$339,863	-0.1%
Net Income	$-72,832	$-3,130	+22.3%

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

N/A

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

$399,222

Total Directors

$399,222

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jack Lavin	President & CEO	0.1	Officer Director	$0	$16,564	$399,222
Matthew Summy	Vice President	0.1	Officer Director	$0	$0	$0
Rich Gamble	DIRECTOR	0.1	Officer Director	$0	$0	$0
Jessica Smith	DIRECTOR	0.1	Officer Director	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$233,817	$306,649	$179,337	$-72,832
2022	$336,733	$339,863	$121,967	$-3,130
2021	$387,196	$753,225	$212,261	$-366,029
2020	$422,930	$352,069	$522,919	$70,861
2019	$980,273	$980,229	$422,695	$44
2018	$1,137,380	$1,231,892	$446,895	$-94,512

CHICAGOLAND CHAMBER OF COMMERCE FOUNDATION