SKOKIE CHAMBER OF COMMERCE (EIN 362192571) - 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

1940

Legal Domicile

Principal Officer

HOWARD MEYER

Phone

8476730240

Tax Period

2023-01-01 to 2023-12-31

SKOKIE CHAMBER OF COMMERCE, founded in 1940, is a small nonprofit in the Community Improvement sector that reported $360K in total revenue in fiscal year 2023.

Mission

CHAMBER OF COMMERCE FUNCTIONS, MEETINGS, SEMINARS AND EVENTS PROMOTING THE DEVELOPMENT OF LOCAL BUSINESSES.

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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 $215,657

Program Service Revenue $114,807

Investment Income $24

Other Revenue $29,747

TOTAL REVENUE $360,235

Expense Breakdown

Grants Paid $0

Salaries & Benefits $239,880

Fundraising Expenses $0

Program Expenses $25,231

Other Expenses $146,349

TOTAL EXPENSES $386,229

Year-over-Year Comparison

	2023	2022	Change
Revenue	$360,235	$354,080	+0.0%
Expenses	$386,229	$405,160	0.0%
Net Income	$-25,994	$-51,080	-0.5%

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

Governance

Voting Members

Independent Members

Employees

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

$109,358

Total Directors

$109,358

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD MEYER	PRESIDENT & CEO	40.00	Officer Director	$109,358	$0	$109,358
JOY SCHAEFER	IMM. PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID HARTLEY	DIRECTOR	1.00	Director	$0	$0	$0
DR STEVEN T ISOYE	PS DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE TUFT	PS DIRECTOR	1.00	Director	$0	$0	$0
LISA KAPLAN	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER JACKSON	EXEC. VICE CHAIR	1.00	Officer Director	$0	$0	$0
SERGE KHALIMSKY	PS DIRECTOR	1.00	Director	$0	$0	$0
RAJ KHURANA	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD KONG	PS DIRECTOR	1.00	Director	$0	$0	$0
JOHN LOCKERBY	PS DIRECTOR	1.00	Director	$0	$0	$0
MARC LEVIN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SCHOELLER	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARK SCHROEDER	DIRECTOR	1.00	Director	$0	$0	$0
ARLYN TRATT	DIRECTOR	1.00	Director	$0	$0	$0
DRCINDY WHITTAKER	DIRECTOR	1.00	Director	$0	$0	$0
RANDY USEN	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL BLANSKI	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA CARLEY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID PUTRUS	CRT DIRECTOR	1.00	Director	$0	$0	$0
DR RUBEN HOWARD II	PS VICE CHAIR	1.00	Officer Director	$0	$0	$0
LINDA LAMB	DIRECTOR	1.00	Director	$0	$0	$0
JIM SZCZEPANIAK	DIRECTOR	1.00	Director	$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	$360,235	$386,229	$88,043	$-25,994
2022	$354,080	$405,160	$130,623	$-51,080
2021	$322,438	$302,025	$186,885	$20,413
2020	$291,486	$294,166	$170,499	$-2,680
2019	$321,833	$340,524	$76,038	$-18,691
2018	$323,195	$376,240	$79,576	$-53,045

SKOKIE CHAMBER OF COMMERCE