GREATER VALPARAISO CHAMBER OF COMMERCE

EIN: 350727140

VALPARAISO, IN

Total Revenue
$1,164,500
Total Expenses
$1,162,936
Total Assets
$1,555,876
Net Assets
$1,100,767
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1912
Legal Domicile
IN
Principal Officer
REX RICHARDS
Phone
2194621105
Tax Period
2024-01-01 to 2024-12-31

GREATER VALPARAISO CHAMBER OF COMMERCE, founded in 1912, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024.

Mission

TO ASSIST BUSINESSES IN THE GREATER VALPARAISO AREA.

Program Service Accomplishments

Program 1

THE VALPARAISO MAGAZINE IS OUR PREMIER MARKETING PRINT PUBLICATION THAT ALLOWS OUR CHAMBER TO SHOWCASE MANY IMPORTANT QUALITY OF LIFE ASPECTS OF OUR COMMUNITY. IT TAKES THE PERSPECTIVE OF LOOKING AT...

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THE VALPARAISO MAGAZINE IS OUR PREMIER MARKETING PRINT PUBLICATION THAT ALLOWS OUR CHAMBER TO SHOWCASE MANY IMPORTANT QUALITY OF LIFE ASPECTS OF OUR COMMUNITY. IT TAKES THE PERSPECTIVE OF LOOKING AT OUR COMMUNITY THROUGH THE LENS OF THE BUSINESSS POINT OF VIEW. THE PUBLICATION HAS A CIRCULATION OF 18,000 HOMES AND BUSINESSES IN THE GREATER VALPARAISO AREA. IT FEATURES BUSINESS OWNERS AND THEIR MANY FACETS TO THE STRONG CIVIC ENGAGEMENT TO THIS COMMUNITY. VALPARAISO MAGAZINE IS PUBLISHED FOUR TIMES A YEAR.

Program 2

OUR MEMBERSHIP DIRECTORY IS A VERY USEFUL BUYERS GUIDE FOR BUSINESSES AND INDIVIDUALS LOOKING FOR BUSINESS SERVICES, CONSUMER PRODUCTS, AND ANYTHING NEEDED TO PURCHASE FOR HOME OR BUSINESS. IT LISTS...

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OUR MEMBERSHIP DIRECTORY IS A VERY USEFUL BUYERS GUIDE FOR BUSINESSES AND INDIVIDUALS LOOKING FOR BUSINESS SERVICES, CONSUMER PRODUCTS, AND ANYTHING NEEDED TO PURCHASE FOR HOME OR BUSINESS. IT LISTS THE MANY MEMBERS WHO BELONG TO THE VALPARAISO CHAMBER ALPHABETICALLY AND BY BUSINESS CATEGORY. THIS DIRECTORY ALSO PROVIDES DISPLAY ADVERTISING WHICH HELPS TO PROMOTE THE PRODUCTS AND SERVICES PROVIDED BY THE 800 PLUS BUSINESSES THAT ARE AFFILIATED WITH OUR CHAMBER OF COMMERCE. THIS DIRECTORY CIRCULATES TO 5,000 BUSINESSES IN THE VALPARAISO MARKET PLACE. ITS AN OUTSTANDING BUSINESS TO BUSINESS RESOURCE.

Program 3

CHAMBER NETWORK NIGHT IS AN ANNUAL BUSINESS TO BUSINESS EXPO WHICH PROVIDES BUSINESSES FROM PORTER COUNTY TO SHOWCASE THEIR PRODUCTS AND SERVICES FACE TO FACE WITH POTENTIAL CLIENTS AND CUSTOMERS...

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CHAMBER NETWORK NIGHT IS AN ANNUAL BUSINESS TO BUSINESS EXPO WHICH PROVIDES BUSINESSES FROM PORTER COUNTY TO SHOWCASE THEIR PRODUCTS AND SERVICES FACE TO FACE WITH POTENTIAL CLIENTS AND CUSTOMERS. THERE ARE NEARLY 200 ORGANIZATIONS WITH BOOTH SPACE TO DISPLAY THEIR PRODUCTS AND SERVICES. THE DIVERSITY OF BUSINESSES PARTICIPATING, RANGE FROM HOSPITALS, SIGN COMPANIES, LAW FIRMS, TELECOMMUNICATION FIRMS, AND MANY MORE. THIS IS THE LARGEST BUSINESS EXPO IN NORTHERN 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $110,285
Program Service Revenue $639,300
Investment Income $7,987
Other Revenue $406,928
TOTAL REVENUE $1,164,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $704,621
Fundraising Expenses $31,783
Other Expenses $458,315
TOTAL EXPENSES $1,162,936

Year-over-Year Comparison

2024 2023 Change
Revenue $1,164,500 $1,137,630 +0.0%
Expenses $1,162,936 $1,133,612 +0.0%
Net Income $1,564 $4,018 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
21
Employees
7
Volunteers
45

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
8
$145,250
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REX RICHARDS PRESIDENT 50.00
Officer Highest
$145,250 $0 $145,250
NICK LARSON BOARD CHAIR & VICE CHAIR 2.50
Officer Director
$0 $0 $0
MATT EVANS CHAIR- ELECT & VICE-CHAIR 2.50
Officer Director
$0 $0 $0
LEE LANE IMMEDIATE PAST-CHAIR 2.50
Officer Director
$0 $0 $0
PRANATI BANSAL BOARD MEMBER 1.00
Director
$0 $0 $0
CLIFTON DILLMAN BOARD MEMBER 1.00
Director
$0 $0 $0
NIC ERHARDT BOARD MEMBER 1.00
Director
$0 $0 $0
DAVE KARP BOARD MEMBER 1.00
Director
$0 $0 $0
TOM CARROLL VICE CHAIR 1.00
Officer Director
$0 $0 $0
STEPHANIE DOMAZET VICE CHAIR 1.00
Officer Director
$0 $0 $0
LISA KIGER BOARD MEMBER 1.00
Director
$0 $0 $0
ROB MORETH BOARD MEMBER 1.00
Director
$0 $0 $0
ANGELICA SCHULTIS BOARD MEMBER 1.00
Director
$0 $0 $0
ACO SIKOSKI BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER FIGG BOARD MEMBER 1.00
Director
$0 $0 $0
JEANNE SOMMER BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL VOLLBRECHT BOARD MEMBER 1.00
Director
$0 $0 $0
JAMIE SULCER BOARD MEMBER 1.00
Director
$0 $0 $0
ANALISA WARRING VICE-CHAIR 1.00
Officer Director
$0 $0 $0
DR JAMES LEONARD BOARD MEMBER 1.00
Director
$0 $0 $0
CINDY SAUSMAN BOARD MEMBER 1.00
Director
$0 $0 $0
GREG GOTTSCHALK TREASURER 1.00
Officer 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 $1,164,500 $1,162,936 $1,555,876 $1,564
2023 $1,137,630 $1,133,612 $1,593,120 $4,018
2022 $1,091,233 $1,043,731 $1,569,882 $47,502
2021 $1,117,424 $921,360 $1,528,694 $196,064
2020 $924,905 $895,656 $1,461,661 $29,249
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