Lake Zurich Area Chamber of Commerce

EIN: 237366102

Lake Zurich, IL

Total Revenue
$190,180
Total Expenses
$190,062
Total Assets
$50,052
Net Assets
$41,965
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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
Phone
8474385572
Tax Period
2019-01-01 to 2019-12-31

Lake Zurich Area Chamber of Commerce, founded in 1972, is a small nonprofit that reported $190K in total revenue in fiscal year 2019. Revenue decreased 6% compared to the prior year.

Mission

To enhance the economic vitality of our members and communities.

Program Service Accomplishments

Program 1
Expenses: $17,066 Revenue: $21,852

The Taste of the Towns fundraiser provides opportunities for the local community residents and other business owners to become exposed to local businesses in the area. This provides awareness for...

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The Taste of the Towns fundraiser provides opportunities for the local community residents and other business owners to become exposed to local businesses in the area. This provides awareness for needed services or goods and directly follows the organization's mission.

Program 2
Expenses: $15,757 Revenue: $29,871

The golf outing fundraiser provides opportunities for local business owners to network and meet other business owners in the area.

Program 3
Expenses: $8,205 Revenue: $21,025

The local business EXPO provides opportunities for the local community residents and other business owners to become exposed to local businesses in the area. This provides awareness for needed...

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The local business EXPO provides opportunities for the local community residents and other business owners to become exposed to local businesses in the area. This provides awareness for needed services or goods and directly follows the organization's mission.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $145,765
Investment Income $72
Other Revenue $44,343
TOTAL REVENUE $190,180

Expense Breakdown

Grants Paid $0
Salaries & Benefits $112,021
Fundraising Expenses $0
Program Expenses $48,494
Other Expenses $78,041
TOTAL EXPENSES $190,062

Year-over-Year Comparison

2019 2018 Change
Revenue $190,180 $201,951 -0.1%
Expenses $190,062 $190,372 0.0%
Net Income $118 $11,579 -1.0%
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
13
Independent Members
13
Employees
3
Volunteers
443

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
$62,500
Total Directors
12
$62,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Claire Slattery Executive Dir. 40.00
Officer Director
$62,500 $0 $62,500
Ginny Opsahl President 1.00
Officer Director
$0 $0 $0
James Hack Vice President 1.00
Officer Director
$0 $0 $0
Brad Bailey Director 1.00
Director
$0 $0 $0
Dan Migacz Director 1.00
Director
$0 $0 $0
Amanda Holland Director 1.00
Director
$0 $0 $0
Amber Wirkus Director 1.00
Director
$0 $0 $0
Mark DaValle Treasurer 1.00
Officer Director
$0 $0 $0
Sam Cavallari Director 1.00
Director
$0 $0 $0
Henry Tonigan Director 1.00
Director
$0 $0 $0
Joseph Menges Director 1.00
Director
$0 $0 $0
Bruce Wittmeyer Director 1.00
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
2019 $190,180 $190,062 $50,052 $118
2018 $201,951 $190,372 $60,714 $11,579
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