PRINCETON CHAMBER OF COMMERCE

EIN: 362090205

PRINCETON, IL

Total Revenue
$286,375
Total Expenses
$248,730
Total Assets
$206,038
Net Assets
$206,038
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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
1947
Legal Domicile
IL
Principal Officer
JENICA COLE
Phone
8158752616
Tax Period
2024-04-01 to 2025-03-31

PRINCETON CHAMBER OF COMMERCE, founded in 1947, is a small nonprofit that reported $286K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $249K left a modest 13% surplus.

Mission

TO SERVE OUR MEMBERS, PROMOTE THE NEEDS OF BUSINESS AND INDUSTRY, AND CREATE THE BEST COMMUNITY IN WHICH TO LIVE, WORK, AND PLAY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $105,189
Program Service Revenue $103,953
Investment Income $210
Other Revenue $77,023
TOTAL REVENUE $286,375

Expense Breakdown

Grants Paid $0
Salaries & Benefits $87,503
Fundraising Expenses $0
Other Expenses $161,227
TOTAL EXPENSES $248,730

Year-over-Year Comparison

2024 2023 Change
Revenue $286,375 $199,447 +0.4%
Expenses $248,730 $215,263 +0.2%
Net Income $37,645 $-15,816 -3.4%
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
9
Independent Members
9
Employees
2
Volunteers
12

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
5
$60,951
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYNN OLDS PRESIDENT 1.00
Officer Director
$0 $0 $0
DANA PIACENTI PRESIDENT-ELECT 1.00
Officer Director
$0 $0 $0
TRISHA SCHAFER TREASURER 1.00
Officer Director
$0 $0 $0
TRACY GRIMMER SECRETARY 1.00
Officer Director
$0 $0 $0
ANDY AUSTIN BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER FORRISTALL BOARD MEMBER 1.00
Director
$0 $0 $0
TINA KLINGENBERG BOARD MEMBER 1.00
Director
$0 $0 $0
LUKE LANXON BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL STUTZKE BOARD MEMBER 1.00
Director
$0 $0 $0
JENICA COLE EXECUTIVE DIRECTOR 40.00
Officer
$60,951 $0 $60,951
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 $286,375 $248,730 $206,038 $37,645
2024 $199,447 $215,263 $75,849 $-15,816
2023 $213,540 $205,841 $94,592 $7,699
2022 $263,870 $243,016 $86,727 $20,854
2020 $202,740 $212,472 $44,164 $-9,732
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