ARLINGTON HEIGHTS CHAMBER OF COMME… - Form 990 Financial Data

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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

Principal Officer

MARC POULUS

Phone

8472531703

Tax Period

2023-01-01 to 2023-12-31

ARLINGTON HEIGHTS CHAMBER OF COMMERCE, founded in 1947, is a small nonprofit that reported $358K in total revenue in fiscal year 2023.

Mission

TO PROMOTE BUSINESS, INDUSTRY, JOB DEVELOPMENT AND CIVIC IMPROVEMENTS IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $40,857 Revenue: $80,470

THE TASTE OF ARLINGTON HEIGHTS SHOWCASES LOCAL RESTAURANTS AND FOOD BUSINESS. ATTENDEES PURCHASE FOOD AND BEVERAGES THROUGHOUT THE EVENT. THIS HELPS MARKET THE RESTAURANT MEMEBERS TO THE LOCAL...

THE TASTE OF ARLINGTON HEIGHTS SHOWCASES LOCAL RESTAURANTS AND FOOD BUSINESS. ATTENDEES PURCHASE FOOD AND BEVERAGES THROUGHOUT THE EVENT. THIS HELPS MARKET THE RESTAURANT MEMEBERS TO THE LOCAL CONSUMERS.

Program 2

Expenses: $21,449 Revenue: $49,103

THE INSTALLATION DINNER IS AN ANNUAL EVENT TO RECOGNIZE THE RETIRING OFFICERS AND DIRECTORS AS WELL AS TO INTRODUCE THE INCOMING OFFICERS AND DIRECTORS TO THE MEMBERS AND TO THE PUBLIC. THIS EVENT...

THE INSTALLATION DINNER IS AN ANNUAL EVENT TO RECOGNIZE THE RETIRING OFFICERS AND DIRECTORS AS WELL AS TO INTRODUCE THE INCOMING OFFICERS AND DIRECTORS TO THE MEMBERS AND TO THE PUBLIC. THIS EVENT PROVIDES FOR BUSINESS AND RESIDENTS TO MEET WITH BUSINESS LEADERS AND COMMUNITY OFFICALS AS WELL AS PROVIDE THE OPPORTUNITY FOR NETWORKING AND PROMOTING BUSINESS AND COMMUNITY IDEAS.

Program 3

Expenses: $11,476 Revenue: $40,500

GENERAL MEMBERSHIP MEETINGS ARE HELD THROUGHOUT THE YEAR INCLUDING BREAKFAST, LUNCHEON, AND AFTER HOURS EVENT. THE MEETINGS PROVIDE FOR BUSINESS AND RESIDENTS TO MEET WITH BUSINESS LEADERS AND...

GENERAL MEMBERSHIP MEETINGS ARE HELD THROUGHOUT THE YEAR INCLUDING BREAKFAST, LUNCHEON, AND AFTER HOURS EVENT. THE MEETINGS PROVIDE FOR BUSINESS AND RESIDENTS TO MEET WITH BUSINESS LEADERS AND COMMUNITY OFFICALS AS WELL AS PROVIDE THE OPPORTUNITY FOR NETWORKING AND PROMOTING BUSINESS AND COMMUNITY IDEAS. IN ADDITION, OTHER PROGRAM SERVICES INCLUDE COMMUNITY GUIDE, BEER FEST, CORPORATE SPONSORSHIPS, LABELS & EMAIL BLASTS, PRAYER BREAKFAST, REFRESHMENT HOST.

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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 (2023)

Revenue Breakdown

Contributions & Grants $159,697

Program Service Revenue $168,593

Investment Income $0

Other Revenue $29,458

TOTAL REVENUE $357,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $226,958

Fundraising Expenses $0

Program Expenses $73,782

Other Expenses $135,056

TOTAL EXPENSES $362,014

Year-over-Year Comparison

	2023	2022	Change
Revenue	$357,748	$361,795	0.0%
Expenses	$362,014	$350,850	+0.0%
Net Income	$-4,266	$10,945	-1.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN CORBET	LEGAL COUNSEL	2.00	Director	$0	$0	$0
MARY SPOROW	IMMEDIATE PAST CHAIR	2.00	Director	$0	$0	$0
CHRIS BONK	DIRECTOR	2.00	Director	$0	$0	$0
JUDY DONOR	DIRECTOR	2.00	Director	$0	$0	$0
ROMAN HUNTER	DIRECTOR	2.00	Director	$0	$0	$0
CAROLINA VELAZUEZ	DIRECTOR	2.00	Director	$0	$0	$0
FRANK P SOPRANO	DIRECTOR	2.00	Director	$0	$0	$0
FRANK PORTERA	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE CHRISTOPOULOS	DIRECTOR	2.00	Director	$0	$0	$0
JON S RIDLER	CORPORATE SECRETARY	40.00	Officer	$0	$0	$0
MARC POULOS	BOARD CHAIR	2.00	Officer	$0	$0	$0
CHRIS NICHOLS	TREASURER	2.00	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
2023	$357,748	$362,014	$271,698	$-4,266
2022	$361,795	$350,850	$263,730	$10,945
2021	$385,103	$320,083	$216,743	$65,020
2020	$272,241	$313,382	$253,103	$-41,141
2019	$428,056	$420,891	$92,977	$7,165
2018	$443,830	$435,257	$84,050	$8,573

ARLINGTON HEIGHTS CHAMBER OF COMMERCE