JOLIET REGION CHAMBER OF COMMERCE AND INDUSTRY (EIN 361293805) - 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

1942

Legal Domicile

Principal Officer

JENNIFER M HOWARD

Phone

8157275371

Tax Period

2023-01-01 to 2023-12-31

JOLIET REGION CHAMBER OF COMMERCE AND INDUSTRY, founded in 1942, is a small nonprofit that reported $899K in total revenue in fiscal year 2023. Expenses of $821K left a modest 9% surplus.

Mission

THE CHAMBER SPONSORS VARIOUS ACTIVITIES TO PROMOTE GOODWILL AMONG THE LOCAL BUSINESS COMMUNITY AS WELL AS EDUCATIONAL EXPERIENCES

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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 $320,854

Program Service Revenue $149,429

Investment Income $9,185

Other Revenue $419,433

TOTAL REVENUE $898,901

Expense Breakdown

Grants Paid $0

Salaries & Benefits $388,159

Fundraising Expenses $0

Program Expenses $820,904

Other Expenses $432,745

TOTAL EXPENSES $820,904

Year-over-Year Comparison

	2023	2022	Change
Revenue	$898,901	$887,359	+0.0%
Expenses	$820,904	$779,612	+0.1%
Net Income	$77,997	$107,747	-0.3%

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

$224,684

Total Directors

$224,684

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER M HOWARD	DIRECTOR/PRESIDENT	40.00	Officer Director	$124,477	$2,685	$127,162
MICHAEL J PAONE	DIRECTOR/VICE PRESIDENT	1.00	Officer Director	$97,522	$0	$97,522
MARC GORSCH	CHAIRMAN	0.00	Officer Director	$0	$0	$0
KRISTEN HAMILTON	VICE CHAIRMAN	0.00	Officer Director	$0	$0	$0
BEN STORTZ	IMMEDIATE PAST CHAIRMAN	0.00	Officer Director	$0	$0	$0
TOM LANCASTER	TREASURER	0.00	Officer Director	$0	$0	$0
DEBBIE HIGHLAND	COMMUNITY & BUSINESS DEVEL	0.00	Officer Director	$0	$0	$0
KELLY ROHDER-TONELLI	MEMBERSHIP CHAIR	0.00	Officer Director	$0	$0	$0
MATT ADLER	MEMBER PROGRAMS & SERVICES	0.00	Officer Director	$0	$0	$0
JIM TYRELL	SPECIAL EVENTS CHAIR	0.00	Officer Director	$0	$0	$0
PETE COLARELLI	GOVERMENT AFFAIRS CHAIRS	0.00	Officer Director	$0	$0	$0
TOSH ANDERSON	DIRECTOR	0.00	Director	$0	$0	$0
ROSA ANGELES	DIRECTOR	0.00	Director	$0	$0	$0
JENNIFER BRONK	DIRECTOR	0.00	Director	$0	$0	$0
DONNIE CHESTNUTT	DIRECTOR	0.00	Director	$0	$0	$0
DAVID DILORENZO	DIRECTOR	0.00	Director	$0	$0	$0
GARY FUQUA	DIRECTOR	0.00	Director	$0	$0	$0
KRYSTIN GILBERT	DIRECTOR	0.00	Director	$0	$0	$0
JEN HANNON	DIRECTOR	0.00	Director	$0	$0	$0
KIP KLINE	DIRECTOR	0.00	Director	$0	$0	$0
MEGAN MILLEN	DIRECTOR	0.00	Director	$0	$0	$0
BETH LEY	DIRECTOR	0.00	Director	$0	$0	$0
DOUG PRYOR	DIRECTOR	0.00	Director	$0	$0	$0
PHILLIP RAUSH	DIRECTOR	0.00	Director	$0	$0	$0
ERIK SCHELLING	DIRECTOR	0.00	Director	$0	$0	$0
JIM TESTIN	DIRECTOR	0.00	Director	$0	$0	$0
ROD TONELLI	DIRECTOR	0.00	Director	$0	$0	$0
MEGAN VINSON	DIRECTOR	0.00	Director	$0	$0	$0
BRENDA WHEELER	DIRECTOR	0.00	Director	$0	$0	$0
JENNIFER BERTINO-TARRANT	EX-OFFICIO	0.00	Director	$0	$0	$0
PRISCILLA CORDERO	EX-OFFICIO	0.00	Director	$0	$0	$0
JULIA ADAMIC	EX-OFFICIO	0.00	Director	$0	$0	$0
MEGHAN PRESTON	EX-OFFICIO	0.00	Director	$0	$0	$0
TOM GROTOVSKY	EX-OFFICIO	0.00	Director	$0	$0	$0
COLLEEN LYONS	EX-OFFICIO	0.00	Director	$0	$0	$0
CESAR SUAREZ	EX-OFFICIO	0.00	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	No data	No data	No data	No data
2023	$898,901	$820,904	$669,340	$77,997
2022	$887,359	$779,612	$591,879	$107,747
2021	$871,790	$599,713	$481,705	$272,077
2020	$598,792	$641,384	$302,321	$-42,592
2019	$1,088,363	$1,099,816	$323,741	$-11,453
2018	$1,046,709	$1,041,791	$298,799	$4,918

JOLIET REGION CHAMBER OF COMMERCE AND INDUSTRY