Lake Forest Chamber of Commerce Inc (EIN 271297580) - 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

2009

Legal Domicile

Principal Officer

Mary Visconte

Tax Period

2024-10-01 to 2025-09-30

Lake Forest Chamber of Commerce Inc, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $286K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $67K, a strong 24% operating margin.

Mission

The Lake Forest Chamber of Commerce has been organized to promote business and economic growth and development in the City of Lake Forest and surrounding 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 (2024)

Revenue Breakdown

Contributions & Grants $185,157

Program Service Revenue $91,618

Investment Income $0

Other Revenue $9,076

TOTAL REVENUE $285,851

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,230

Fundraising Expenses $0

Program Expenses $31,108

Other Expenses $95,366

TOTAL EXPENSES $218,596

Year-over-Year Comparison

	2024	2023	Change
Revenue	$285,851	$240,795	+0.2%
Expenses	$218,596	$213,285	+0.0%
Net Income	$67,255	$27,510	+1.4%

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

N/A

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

$93,102

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Visconte	CEO	20.00	Director	$87,752	$0	$87,752
Lisa Allen	Director	15.00	Director	$5,350	$0	$5,350
Steve Smith	Chairman	10.00	Director	$0	$0	$0
Connie Visconte	Treasurer	10.00	Director	$0	$0	$0
Janet Berger	Secretary	10.00	Director	$0	$0	$0
Diana Ramirez	Director	10.00	Director	$0	$0	$0
Jeff Patrick	Director	10.00	Director	$0	$0	$0
Sue Kobuki	Director	10.00	Director	$0	$0	$0
Peter Frankudakis	Director	10.00	Director	$0	$0	$0
Jeff Bott	Director	10.00	Director	$0	$0	$0
Randy Weiskittel	Director	10.00	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
2025	$285,851	$218,596	$227,101	$67,255
2024	$240,795	$213,285	$159,845	$27,510

Lake Forest Chamber of Commerce Inc