ILLINOIS 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

1919

Legal Domicile

Principal Officer

LOUIS SANDOVAL

Phone

2175225512

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS CHAMBER OF COMMERCE, founded in 1919, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024.

Mission

THE UNIFYING LEADER OF POLICIES THAT SUPPORT GROWTH IN ILLINOIS' DYNAMIC AND DIVERSE ECONOMY. THIS IS DONE THROUGH VARIOUS MEANS, ONE OF WHICH IS AGGRESSIVELY ADVOCATE THE INTEREST OF BUSINESS. ITS VISION IS A VIBRANT AND PROSPEROUS FUTURE FOR ILLINOIS.

Program Service Accomplishments

Program 1

THE LARGEST PROGRAM OF THE CHAMBER IS THAT OF BUSINESS ADVOCACY. INSTITUTIONALLY THIS IS ENTITLED: GOVERNMENT AFFAIRS. THROUGH THE GOVERNMENT AFFAIRS COMMITTEE AND LEGISLATIVE STAFF, THE CHAMBER HAS PREVENTED SOME LEGISLATION FROM PASSING THAT WOULD HAVE HAD A NEGATIVE IMPACT ON THE COST OF DOING BUSINESS IN ILLINOIS. IN ADDITION, THROUGH THE STAFF, THE CHAMBER HAS LESSENED IMPACTS, INITIALLY PLANNED BY SOME LEGISLATORS AND FOCUSED ON BUSINESSES, OF SOME LEGISLATION. FINALLY, THE CHAMBER ALSO INITIATES AND SUPPORTS LEGISLATION TO IMPROVE THE BUSINESS CLIMATE IN ILLINOIS.

Program 2

THE SECOND LARGEST PROGRAM IS THAT OF CONFERENCES. OVER THE PAST SEVERAL YEARS, THE CHAMBER HAS OFFERED AN ANNUAL LUNCHEON. ATTENDANCE FOR THIS EVENT HAS GROWN TO OVER 500 BUSINESSES. IT PROVIDES...

THE SECOND LARGEST PROGRAM IS THAT OF CONFERENCES. OVER THE PAST SEVERAL YEARS, THE CHAMBER HAS OFFERED AN ANNUAL LUNCHEON. ATTENDANCE FOR THIS EVENT HAS GROWN TO OVER 500 BUSINESSES. IT PROVIDES OPPORTUNITIES FOR ITS MEMBERS TO COME TOGETHER ANNUALLY AND LEARN FROM THEIR PEERS FROM VARIOUS INDUSTRIES. PARTICIPANT EVALUATIONS OF THIS AND OTHER CONFERENCES INDICATE THE CHAMBER IS PROVIDING INFORMATION TO BUSINESSES THAT 1) HELPS THEM BETTER UNDERSTAND THE EXISTING PUBLIC POLICIES AND, 2) HELPS THEM BECOME MORE EFFICIENT AND EFFECTIVE IN THEIR BUSINESS OPERATIONS.

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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 $2,333,345

Investment Income $4,051

Other Revenue $200,280

TOTAL REVENUE $2,537,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,311,012

Fundraising Expenses $0

Other Expenses $1,299,044

TOTAL EXPENSES $2,610,056

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,537,676	$2,358,570	+0.1%
Expenses	$2,610,056	$2,845,313	-0.1%
Net Income	$-72,380	$-486,743	-0.9%

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

N/A

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

$491,597

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN DETERS	CHAIRMAN	0.50	Officer Director	$0	$0	$0
DAN WAGNER	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
JOHN F THEEN	TREASURER	0.50	Officer Director	$0	$0	$0
KELLY EDWARDS	SECRETARY	0.50	Officer Director	$0	$0	$0
BRENT EICHELBERGER	IMMEDIATE PAST CHAIRMAN	0.50	Officer Director	$0	$0	$0
JEFF BALL	DIRECTOR	0.50	Director	$0	$0	$0
KRISHNA K BANSAL	DIRECTOR	0.50	Director	$0	$0	$0
DESIREE M BENNYHOFF	DIRECTOR	0.50	Director	$0	$0	$0
EDWARD R BONIFAS	DIRECTOR	0.50	Director	$0	$0	$0
TRACEY HYATT BOSMAN	DIRECTOR	0.50	Director	$0	$0	$0
TODD BRINGUET	DIRECTOR	0.50	Director	$0	$0	$0
DAVID BRUNER	DIRECTOR	0.50	Director	$0	$0	$0
GARY CAMARANO	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT N CARNEY	DIRECTOR	0.50	Director	$0	$0	$0
JUAN CHAVEZ	DIRECTOR	0.50	Director	$0	$0	$0
JOHNATHAN CHOWANSKY	DIRECTOR	0.50	Director	$0	$0	$0
TOM COLLINS	DIRECTOR	0.50	Director	$0	$0	$0
CANDICE COTTER	DIRECTOR	0.50	Director	$0	$0	$0
JASON CRITES	DIRECTOR	0.50	Director	$0	$0	$0
JEAN CROSBY	DIRECTOR	0.50	Director	$0	$0	$0
JASON CROWDER	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL CULLEN	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN DOCKERY	DIRECTOR	0.50	Director	$0	$0	$0
RAYMOND DRAKE	DIRECTOR	0.50	Director	$0	$0	$0
HEATHER FITZGERALD	DIRECTOR	0.50	Director	$0	$0	$0
RUDY FLORES	DIRECTOR	0.50	Director	$0	$0	$0
KIMBERLY GODDEN	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL GOLD	DIRECTOR	0.50	Director	$0	$0	$0
RONALD L GREENE	DIRECTOR	0.50	Director	$0	$0	$0
ANNIE HARPER	DIRECTOR	0.50	Director	$0	$0	$0
GREG HART	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTIAN HELMETAG	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT HEYMAN	DIRECTOR	0.50	Director	$0	$0	$0
NATALIE HIGGINS	DIRECTOR	0.50	Director	$0	$0	$0
ELIZABETH N KERR	DIRECTOR	0.50	Director	$0	$0	$0
TROY LIVELY	DIRECTOR	0.50	Director	$0	$0	$0
LINDSEY MCCUTCHAN	DIRECTOR	0.50	Director	$0	$0	$0
SUSANA MEZA	DIRECTOR	0.50	Director	$0	$0	$0
MONICA MUELLER	DIRECTOR	0.50	Director	$0	$0	$0
LESLIE MUNGER	DIRECTOR	0.50	Director	$0	$0	$0
CRYSTAL OLSEN	DIRECTOR	0.50	Director	$0	$0	$0
FINNY RAJCHEL	DIRECTOR	0.50	Director	$0	$0	$0
RAFEL RAK	DIRECTOR	0.50	Director	$0	$0	$0
ROBERTO RAMIREZ	DIRECTOR	0.50	Director	$0	$0	$0
TONY REINHART	DIRECTOR	0.50	Director	$0	$0	$0
DARREN REYNOLDS	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL RICHARDS	DIRECTOR	0.50	Director	$0	$0	$0
JEFFREY A RISCH	DIRECTOR	0.50	Director	$0	$0	$0
NELI VAZQUEZ ROWLAND	DIRECTOR	0.50	Director	$0	$0	$0
PETER STEINMEYER	DIRECTOR	0.50	Director	$0	$0	$0
ERIC STOTLAR	DIRECTOR	0.50	Director	$0	$0	$0
LAURA THONN	DIRECTOR	0.50	Director	$0	$0	$0
JAY WALSH	DIRECTOR	0.50	Director	$0	$0	$0
DELBERT WILKINS	DIRECTOR	0.50	Director	$0	$0	$0
MELISSA WOESSNER	DIRECTOR	0.50	Director	$0	$0	$0
LOUIS SANDOVAL	CEO	37.50	Officer	$275,480	$0	$275,480
LORI HILTABRAND	COO & GENERAL COUNSEL	37.50	Officer	$216,117	$0	$216,117
JORDAN RYAN	DIRECTOR OF GOVERNMENT AFFAIRS	40.00	Highest	$104,566	$0	$104,566

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
2024	$2,537,676	$2,610,056	$1,569,968	$-72,380
2023	$2,358,570	$2,845,313	$1,988,166	$-486,743
2022	$2,287,220	$2,680,876	$2,545,680	$-393,656
2021	$2,700,226	$2,621,385	$2,356,498	$78,841
2020	$2,648,531	$2,715,554	$1,422,780	$-67,023
2019	$2,842,572	$2,784,689	$1,593,279	$57,883
2018	$2,776,654	$2,781,084	$1,554,867	$-4,430