GREATER ROCKFORD CHAMBER OF COMMERCE

EIN: 361695170

ROCKFORD, IL

Total Revenue
$1,852,202
Total Expenses
$1,796,586
Total Assets
$1,189,768
Net Assets
$76,133
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1910
Legal Domicile
IL
Principal Officer
LESLY COUPER
Phone
8159878100
Tax Period
2024-01-01 to 2024-12-31

GREATER ROCKFORD CHAMBER OF COMMERCE, founded in 1910, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 3% surplus.

Mission

THE ROCKFORD CHAMBER OF COMMERCE DELIVERS BENEFIT TO THE COMMUNITY BY LEADING IN THE PROMOTION OF ECONOMIC GROWTH, ADVOCATING FOR THE INTERESTS OF BUSINESS AND PROVIDING SERVICE AND EDUCATION OPPORTUNITIES THAT HELP OUR MEMBERS GROW.

Program Service Accomplishments

Program 1

THE ROCKFORD CHAMBER IS A NOT-FOR-PROFIT BUSINESS ASSOCIATION WHOSE ACTIVITIES ARE DIRECTED TOWARDS ENHANCING THE ECONOMIC VITALITY OF ITS MEMBERS THROUGH BUSINESS ADVOCACY, EDUCATIONAL PROGRAMS AND...

Read more

THE ROCKFORD CHAMBER IS A NOT-FOR-PROFIT BUSINESS ASSOCIATION WHOSE ACTIVITIES ARE DIRECTED TOWARDS ENHANCING THE ECONOMIC VITALITY OF ITS MEMBERS THROUGH BUSINESS ADVOCACY, EDUCATIONAL PROGRAMS AND HOSTING OF VARIOUS SPECIAL EVENTS TO HELP BUSINESSES CONNECT WITH EACH OTHER.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $485,185
Program Service Revenue $1,273,082
Investment Income $716
Other Revenue $93,219
TOTAL REVENUE $1,852,202

Expense Breakdown

Grants Paid $0
Salaries & Benefits $751,726
Fundraising Expenses $281,159
Other Expenses $1,044,860
TOTAL EXPENSES $1,796,586

Year-over-Year Comparison

2024 2023 Change
Revenue $1,852,202 $1,203,593 +0.5%
Expenses $1,796,586 $1,380,895 +0.3%
Net Income $55,616 $-177,302 -1.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
21
Independent Members
21
Employees
13
Volunteers
30

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
6
$243,703
Total Directors
23
$243,703
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LESLY COUPER CHAIR 4.00
Officer Director
$0 $0 $0
CONOR BROWN VICE CHAIR 4.00
Officer Director
$0 $0 $0
NATE JORDAN TREASURER 4.00
Officer Director
$0 $0 $0
TERRY VOSKUIL PAST CHAIR 4.00
Officer Director
$0 $0 $0
WENDY ALSTEEN DIRECTOR 4.00
Director
$0 $0 $0
TRAVIS ANDERSEN DIRECTOR 4.00
Director
$0 $0 $0
ARMANDO CARDENAS DIRECTOR 4.00
Director
$0 $0 $0
PAULA CARYNSKI DIRECTOR 4.00
Director
$0 $0 $0
JEAN CROSBY DIRECTOR 4.00
Director
$0 $0 $0
MICHAEL DUNN JR DIRECTOR 4.00
Director
$0 $0 $0
DIETMAR GOELLNER DIRECTOR 4.00
Director
$0 $0 $0
THOMAS GREEN DIRECTOR 4.00
Director
$0 $0 $0
JOHN GROH DIRECTOR 4.00
Director
$0 $0 $0
MICK GRONEWOLD DIRECTOR 4.00
Director
$0 $0 $0
TROY HAGGESTAD DIRECTOR 4.00
Director
$0 $0 $0
DR SHEILA HILL DIRECTOR 4.00
Director
$0 $0 $0
JEFF HULTMAN DIRECTOR 4.00
Director
$0 $0 $0
STEVEN KOTSO DIRECTOR 4.00
Director
$0 $0 $0
CARLY LAMONICA DIRECTOR 4.00
Director
$0 $0 $0
TOM MCNAMARA DIRECTOR 4.00
Director
$0 $0 $0
FRANK WEHRSTEIN DIRECTOR 4.00
Director
$0 $0 $0
CAITLIN PUSATERI COO 40.00
Officer Director
$144,664 $13,565 $158,229
ANGELA LARSON CEO 40.00
Officer Director
$79,724 $5,750 $85,474
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 $1,852,202 $1,796,586 $1,189,768 $55,616
2023 $1,203,593 $1,380,895 $394,854 $-177,302
2022 $1,330,871 $1,549,512 $411,780 $-218,641
2021 $1,624,311 $1,465,697 $716,585 $158,614
2020 $1,291,765 $1,454,694 $608,340 $-162,929
2019 $1,646,838 $1,700,552 $749,706 $-53,714
2018 $1,666,394 $1,704,414 $835,381 $-38,020
Explore More Nonprofits
→Top 100 Nonprofits in Illinois →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare GREATER ROCKFORD CHAMBER OF COMMERCE with other nonprofits in Illinois and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.