LAKESHORE CHAMBER OF COMMERCE

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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

1909

Legal Domicile

Principal Officer

KELLIE N TAILLON

Phone

2199311000

Tax Period

2024-01-01 to 2024-12-31

LAKESHORE CHAMBER OF COMMERCE, founded in 1909, is a small nonprofit in the Community Improvement sector that reported $212K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $192K left a modest 9% surplus.

Mission

TO BE A VOICE FOR BUSINESS AND A FORUM FOR THE EXCHANGE OF IDEAS AND THROUGH A VARIETY OF CHAMBER PROGRAMS AND SERVICES, STRENGTHEN THE ECONOMIC VITALITY OF EAST CHICAGO, HAMMOND, AND NORTHWEST INDIANA.

Program Service Accomplishments

Program 1

Expenses: $192,450 Revenue: $116,837

THE CHAMBER PROMOTES COMMERCIAL, INDUSTRIAL, CIVIC, AND SOCIAL ACTIVITIES TO BENEFIT THE WELFARE OF THE CITIES OF HAMMOND AND EAST CHICAGO INDIANA.

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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 $0

Program Service Revenue $116,837

Investment Income $0

Other Revenue $94,935

TOTAL REVENUE $211,772

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,458

Fundraising Expenses $0

Program Expenses $192,450

Other Expenses $129,992

TOTAL EXPENSES $192,450

Year-over-Year Comparison

	2024	2023	Change
Revenue	$211,772	$252,597	-0.2%
Expenses	$192,450	$179,962	+0.1%
Net Income	$19,322	$72,635	-0.7%

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

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
MONICA RUBIO	CHAIRMAN	10.00	Officer Director	$0	$0	$0
KELLIE N TAILLON	PRESIDENT AN	40.00	Officer Director	$0	$0	$0
MAYOR THOMAS MCDERMOTT JR	DIRECTOR	2.00	Director	$0	$0	$0
MAYOR ANTHONY COPELAND	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT MIGLIORINI	IMMEDIATE PA	10.00	Officer Director	$0	$0	$0
CHRISTINE FOREMAN	SECRETARY	10.00	Officer Director	$0	$0	$0
PATRICIA MAKAROUNAS	TREASURER	10.00	Officer Director	$0	$0	$0
TAMERA LIENHART	GOV AFFAIRS	10.00	Officer Director	$0	$0	$0
JUAN MARINO	EXECUTIVE CO	10.00	Officer Director	$0	$0	$0
DAVE RYAN	DIRECTOR	2.00	Director	$0	$0	$0
CALVIN BELLAMY	DIRECTOR EME	2.00	Director	$0	$0	$0
JEFF WILLIAMS	PAST CHAIRMA	2.00	Director	$0	$0	$0
DAVID BEACH	PAST CHAIRMA	2.00	Director	$0	$0	$0
CHRIS HOLFORD	DIRECTOR	2.00	Director	$0	$0	$0
RICK CALINSKI	DIRECTOR	2.00	Director	$0	$0	$0
MIKE LEMKE	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK BROWN	DIRECTOR	2.00	Director	$0	$0	$0
PETER NAU JR	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS KEON	DIRECTOR	2.00	Director	$0	$0	$0
DOUG VAN TIL	DIRECTOR	2.00	Director	$0	$0	$0
FRANK VAN TIL	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
KELLI HECHT	DIRECTOR	2.00	Director	$0	$0	$0
FERNANDO TREVINO	DIRECTOR	2.00	Director	$0	$0	$0
MARCOS RODRIGUEZ	DIRECTOR	2.00	Director	$0	$0	$0
KATHY O'DONNELL	DIRECTOR	2.00	Director	$0	$0	$0
ADELA ORTEGA	DIRECTOR	2.00	Director	$0	$0	$0
DR STEPHEN BOURNES	DIRECTOR	2.00	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
2024	$211,772	$192,450	$118,547	$19,322
2023	$252,597	$179,962	$104,739	$72,635
2022	$219,614	$262,546	$31,158	$-42,932
2021	$281,083	$284,347	$78,664	$-3,264
2020	$336,488	$441,165	$82,068	$-104,677
2019	$263,866	$351,551	$189,488	$-87,685
2018	$263,086	$327,965	$277,734	$-64,879