ILLINOIS VALLEY AREA CHAMBER OF COMMERCE AND ECONOMIC DEVELOPMENT (EIN 361352170) - 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

1945

Legal Domicile

Phone

8152230227

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS VALLEY AREA CHAMBER OF COMMERCE AND ECONOMIC DEVELOPMENT, founded in 1945, is a small nonprofit that reported $309K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE THE ILLINOIS VALLEY ECONOMY BY ATTRACTING NEW JOBS AND ENHANCING EXISTING BUSINESS WHILE VALUING QUALITY OF LIFE.

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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 $241,750

Program Service Revenue $11,413

Investment Income $4,381

Other Revenue $51,323

TOTAL REVENUE $308,867

Expense Breakdown

Grants Paid $0

Salaries & Benefits $183,540

Fundraising Expenses $0

Program Expenses $221,329

Other Expenses $124,021

TOTAL EXPENSES $307,561

Year-over-Year Comparison

	2024	2023	Change
Revenue	$308,867	$275,332	+0.1%
Expenses	$307,561	$275,749	+0.1%
Net Income	$1,306	$-417	-4.1%

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

$97,545

Total Directors

$160,023

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL ZENS	Executive Dir.	40.00	Officer Director	$97,545	$0	$97,545
PENNY VOLKERT	OPERATIONS	40.00	Director	$62,478	$0	$62,478
KIM BIMA	Director	2.00	Director	$0	$0	$0
LAURA SAMPSON	Treasurer	2.00	Officer Director	$0	$0	$0
PHILLIP HILEMAN	Director	2.00	Director	$0	$0	$0
DAVE ARGUBRIGHT	Director	2.00	Director	$0	$0	$0
ASHLEY GATZA	Director	2.00	Director	$0	$0	$0
JACOB MESEKE	Director	2.00	Director	$0	$0	$0
PEYTON LAMPS	Director	2.00	Director	$0	$0	$0
STEVE WROBLESKI	President	2.00	Officer Director	$0	$0	$0
KATHY PULLAM	Director	2.00	Director	$0	$0	$0
NEAL KNAUF	Vice President	2.00	Officer Director	$0	$0	$0
CLAY THEISINGER	Director	2.00	Director	$0	$0	$0
MICHELE KING	Director	2.00	Director	$0	$0	$0
LISSA OLSON	Director	2.00	Director	$0	$0	$0
DEON VAN DEN BERG	Director	2.00	Director	$0	$0	$0
JEFF BORELLI	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	$308,867	$307,561	$268,390	$1,306
2023	$275,332	$275,749	$246,808	$-417
2022	$356,183	$240,756	$246,782	$115,427
2021	$252,754	$169,714	$214,457	$83,040
2020	$226,142	$239,270	$133,280	$-13,128

ILLINOIS VALLEY AREA CHAMBER OF COMMERCE AND ECONOMIC DEVELOPMENT