JOLIET REGION CHAMBER OF COMMERCE AND INDUSTRY

EIN: 361293805

JOLIET, IL

Total Revenue
$898,901
Total Expenses
$820,904
Total Assets
$669,340
Net Assets
$662,215
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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
IL
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

Program Service Accomplishments

Program 1
Expenses: $820,904

THE CHAMBER SPONSORS VARIOUS ACTIVITIES FOR ITS MEMBERS TO PROMOTE GOODWILL AMOUNT LOCAL BUSINESSES AS WELL AS PROVIDING EDUCATIONAL EXPERIENCES. THE CHAMBER IS COMPOSED OF APPROXIMATELY SIX HUNDRED...

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THE CHAMBER SPONSORS VARIOUS ACTIVITIES FOR ITS MEMBERS TO PROMOTE GOODWILL AMOUNT LOCAL BUSINESSES AS WELL AS PROVIDING EDUCATIONAL EXPERIENCES. THE CHAMBER IS COMPOSED OF APPROXIMATELY SIX HUNDRED MEMBERS AND PROVIDES A MEANS OF EXPOSURE TO THE PUBLIC THROUGH ITS VARIOUS PROGRAMS.

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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 (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

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Governance

Voting Members
34
Independent Members
34
Employees
5
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
11
$224,684
Total Directors
36
$224,684
Key Employees
0
$0
Highest Compensated
0
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
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