CHICAGOLAND CHAMBER OF COMMERCE FOUNDATION

EIN: 237334589 501(c)(3)

CHICAGO, IL

Total Revenue
$233,817
Total Expenses
$306,649
Total Assets
$179,337
Net Assets
$3,986
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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
IL
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 AFFECTS CHANGE BY RESEARCHING KEY ISSUES, FORMULATING ARGUMENTS AND INITIATIVES, DEVELOPING OPTIONS AND INFORMING THE COLLECTIVE THINKING OF BUSINESS, GOVERNMENT, AND CIVIC LEADERS.

Program Service Accomplishments

Program 1
Expenses: $102,849

SMALL BUSINESS DEVELOPMENT CENTER: GRANT TO HELP SMALL BUSINESSES START, GROW, OR EXPAND THEIR BUSINESS.

Program 2
Expenses: $37,435

NEIGHBORHOOD BUSINESS DEVELOPMENT CENTER: HELPS SMALL BUSINESSES IN CHICAGO TO GROW OR EXPAND THEIR BUSINESSES.

Program 3
Expenses: $55,764

SMALL BUSINESS CHICAGO: PROVIDES SMALL BUSINESSES EDUCATION THROUGH SEMINARS TO HELP THEM IN THEIR BUSINESSES.

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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 (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

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Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
3

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
4
$399,222
Total Directors
4
$399,222
Key Employees
0
$0
Highest Compensated
0
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
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