LAKE COUNTY CHAMBER OF COMMERCE (EIN 361935970) - 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

1915

Legal Domicile

Principal Officer

PATRICIA BRAITHWAITE

Phone

8475673962

Tax Period

2024-04-01 to 2025-03-31

LAKE COUNTY CHAMBER OF COMMERCE, founded in 1915, is a small nonprofit that reported $261K in total revenue in fiscal year 2024. The organization ran a surplus of $100K, a strong 39% operating margin.

Mission

THE LAKE COUNTY CHAMBER OF COMMERCE COLLABORATES WITH COMPANIES AND BUSINESS PROFESSIONALS THROUGHOUT THE COUNTY TO IMPROVE COMMERCIAL AND INDUSTRIAL GROWTH.

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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 $257,381

Program Service Revenue $0

Investment Income $3,163

Other Revenue $0

TOTAL REVENUE $260,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,081

Fundraising Expenses $0

Program Expenses $30,936

Other Expenses $56,076

TOTAL EXPENSES $160,157

Year-over-Year Comparison

	2024	2023	Change
Revenue	$260,544	N/A	N/A
Expenses	$160,157	N/A	N/A
Net Income	$100,387	N/A	N/A

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

Total Directors

Key Employees

$74,401

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAUNESE TEAMER	EXECUTIVE DIRECTOR	35.00	Key Emp	$74,401	$0	$74,401
WILL WHITE	BOARD MEMBER	5.00	Director	$0	$0	$0
RACHEL KENDZIORA	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN GAWIN	TREASURER	2.00	Director	$0	$0	$0
MELISSA RITCHIE	BOARD MEMBER	2.00	Director	$0	$0	$0
JAIR REYES	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
IVAN RAMIREZ	BOARD MEMBER	2.00	Director	$0	$0	$0
BORO RELJIC	BOARD MEMBER	2.00	Director	$0	$0	$0
MARTIN NEAL	BOARD MEMBER	2.00	Director	$0	$0	$0
SELINA GOMEZ-BELOZ	BOARD MEMBER	2.00	Director	$0	$0	$0
JULIE IVIC	BOARD MEMBER	2.00	Director	$0	$0	$0
VIRGINIA GIBBS	BOARD MEMBER	2.00	Director	$0	$0	$0
JENNIFER ANGEL	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
PATRICIA BRAITHWAITE	CHAIRMAN	5.00	Officer	$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
2025	$260,544	$160,157	$109,468	$100,387

LAKE COUNTY CHAMBER OF COMMERCE