West Town Chicago Chamber of Comme… - 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

2007

Legal Domicile

Principal Officer

Susan Aldous

Phone

3128509390

Tax Period

2023-01-01 to 2023-12-31

West Town Chicago Chamber of Commerce, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $654K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $121K, a strong 19% operating margin.

Mission

The West Town Chicago of Commerce's mission is to strengthen its business community so that West Town continues to be a destination for shopping, dining, professional services, nightlift and culture.

Program Service Accomplishments

Program 1

Expenses: $202,353 Revenue: $273,653

The West Town Chicago of Commerce's mission is to strengthen its business community so that West Town continues to be a destination for shopping, dining, professional services, nightlift and culture.

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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 (2023)

Revenue Breakdown

Contributions & Grants $117,650

Program Service Revenue $248,751

Investment Income $24,902

Other Revenue $262,947

TOTAL REVENUE $654,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $382,124

Fundraising Expenses $164,978

Program Expenses $202,353

Other Expenses $150,750

TOTAL EXPENSES $532,874

Year-over-Year Comparison

	2023	2022	Change
Revenue	$654,250	$742,998	-0.1%
Expenses	$532,874	$478,616	+0.1%
Net Income	$121,376	$264,382	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adam Webb	Director	2.00	Director	$0	$0	$0
Amelia Simmons	Director	2.00	Director	$0	$0	$0
Stephanie Escobedo	Director	2.00	Director	$0	$0	$0
Benjamin Koppel	Secretary	2.00	Officer	$0	$0	$0
Skanita Martha	Treasurer	2.00	Officer	$0	$0	$0
Gina Caifano	Vice President	2.00	Officer	$0	$0	$0
Joe Lauer	President	2.00	Officer	$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
2024	No data	No data	No data	No data
2023	$654,250	$532,874	$1,213,358	$121,376
2022	$742,998	$478,616	$1,037,016	$264,382
2021	$347,541	$478,065	$775,652	$-130,524
2020	$297,871	$533,794	$904,027	$-235,923
2019	$773,490	$522,532	$1,198,697	$250,958

West Town Chicago Chamber of Commerce