GENEVA CHAMBER OF COMMERCE

EIN: 362043217

GENEVA, IL

Total Revenue
$1,725,858
Total Expenses
$1,577,721
Total Assets
$989,395
Net Assets
$544,818
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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
1950
Legal Domicile
IL
Principal Officer
MARTHA SANCHEZ
Phone
6302326060
Tax Period
2023-01-01 to 2023-12-31

GENEVA CHAMBER OF COMMERCE, founded in 1950, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 9% surplus.

Mission

TO BE THE VOICE OF ITS MEMBERS AND THE BUSINESS COMMUNITY ON MATTERS ECONOMIC, SOCIAL AND CULTURAL CONCERNS, AND TO DEVELOP, MAINTAIN AND MONITOR SELECTIVE PROGRAMS OF ACTION WHICH IDENTIFY ISSUES, PROVIDE SUPPORT IN AREAS OF ECONOMIC DEVELOPMENT AND FOSTER COMMUNITY PRIDE AND RECOGNITION.

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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 $712,166
Program Service Revenue $884,983
Investment Income $12,168
Other Revenue $116,541
TOTAL REVENUE $1,725,858

Expense Breakdown

Grants Paid $0
Salaries & Benefits $406,018
Fundraising Expenses $0
Program Expenses $729,781
Other Expenses $1,171,703
TOTAL EXPENSES $1,577,721

Year-over-Year Comparison

2023 2022 Change
Revenue $1,725,858 $1,337,162 +0.3%
Expenses $1,577,721 $1,330,564 +0.2%
Net Income $148,137 $6,598 +21.5%
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
12
Independent Members
12
Employees
6
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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT DRUMHELLER EXEC COMMITT N/A
Director
$0 $0 $0
GEORGE HAVLICEK BOARD MEMBER N/A
Director
$0 $0 $0
BRUCE HEIDLAUF BOARD MEMBER N/A
Director
$0 $0 $0
SUSAN HUANG TREASURER N/A
Officer Director
$0 $0 $0
NEIL JOHNSON BOARD MEMBER N/A
Director
$0 $0 $0
CHRISTINE LAZARIS BOARD MEMBER N/A
Director
$0 $0 $0
JESSE MERCADO SECRETARY N/A
Director
$0 $0 $0
VU NGUYEN BOARD MEMBER N/A
Director
$0 $0 $0
MICHAEL OLESEN BOARD MEMBER N/A
Director
$0 $0 $0
MARTHA SANCHEZ CHAIRMAN N/A
Officer Director
$0 $0 $0
MIKE SIMON BOARD MEMBER N/A
Director
$0 $0 $0
CATHLEEN TYMOSZENKO BOARD MEMBER N/A
Director
$0 $0 $0
PAULA SCHMIDT PRESIDENT N/A
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
2024 No data No data No data No data
2023 $1,725,858 $1,577,721 $989,395 $148,137
2022 $1,337,162 $1,330,564 $870,709 $6,598
2021 $1,025,373 $1,073,088 $935,357 $-47,715
2020 $720,878 $689,325 $953,015 $31,553
2019 $1,285,598 $1,460,648 $743,270 $-175,050
2018 $1,335,084 $1,226,170 $904,109 $108,914
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