Lake Zurich Area Chamber of Commerce (EIN 237366102) - 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

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 $202K in total revenue in fiscal year 2018. Expenses of $190K left a modest 6% surplus.

Mission

To enhance the economic vitality of our members and communities.

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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 (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

Governance

Voting Members

Independent Members

Employees

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

$62,500

Total Directors

$62,500

Key Employees

Highest Compensated

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

Lake Zurich Area Chamber of Commerce