THE COMMERCIAL CLUB OF CHICAGO

EIN: 362197847

CHICAGO, IL

Total Revenue
$8,710,047
Total Expenses
$8,821,326
Total Assets
$18,338,033
Net Assets
$14,177,912
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1877
Legal Domicile
IL
Principal Officer
CORDELIA C MEYER
Phone
3128531200
Tax Period
2024-07-01 to 2025-06-30

THE COMMERCIAL CLUB OF CHICAGO, founded in 1877, is a community nonprofit that reported $8.7M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum.

Mission

THE COMMERCIAL CLUB OF CHICAGO (CLUB) WAS FOUNDED IN 1877 TO PROMOTE THE SOCIAL AND ECONOMIC VITALITY OF THE METROPOLITAN AREA OF CHICAGO. ORIGINALLY FOUNDED BY A GROUP OF 17 BUSINESS LEADERS WHO BELIEVED CHICAGO NEEDED A STRONG AND COHESIVE CIVIC FORCE TO HELP SHAPE THE COURSE OF THE CITY'S DEVELOPMENT, TODAY THE CLUB IS AN ORGANIZATION COMPRISED OF APPROXIMATELY 480 ACTIVE AND LIFE SENIOR BUSINESS, EDUCATIONAL, CIVIC, AND CULTURAL LEADERS WHO SEEK TO ADDRESS SOCIAL AND ECONOMIC ISSUES OF IMPORTANCE TO THE CHICAGO REGION. THE CLUB HOLDS AT LEAST 10 MEETINGS DURING THE YEAR TO HEAR SPEAKERS DISCUSS KEY ISSUES THAT IMPACT THE CHICAGO REGION. IN 1983, THE CLUB COMMISSIONED A STUDY OF THE ECONOMIC WELL-BEING OF THE CHICAGO METROPOLITAN AREA. THE STUDY CONCLUDED THAT CHICAGO WAS EXPERIENCING A GRADUAL EROSION OF ITS ECONOMIC VITALITY. IN RESPONSE, THE CLUB FORMED ITS CIVIC COMMITTEE TO UNDERTAKE PROJECTS TO BOLSTER CORE INDUSTRIES AND PURSUE NEW ECONOMIC OPPORTUNITIES FOR THE REGION. THE CIVIC COMMITTEE IS COMPRISED OF APPROXIMATELY 100 SENIOR EXECUTIVES OF THE CHICAGO REGION'S LEADING PRIVATE EMPLOYERS. ITS MISSION IS TO MAKE THE CHICAGO REGION THE BEST PLACE FOR EVERYONE TO LIVE, WORK, AND DO BUSINESS. THE CIVIC COMMITTEE ESTABLISHES TASK FORCES AND COMMITTEES TO UNDERTAKE STUDIES AND DEVELOPS RECOMMENDATIONS TO ADDRESS KEY POLICY ISSUES CONFRONTING THE CHICAGO REGION; AND HOLDS MEETINGS AND EVENTS THROUGHOUT THE YEAR TO DISCUSS ITS PROGRAMS AND TO HEAR FROM SPEAKERS ON KEY POLICY ISSUES. IN ADDITION, THE CLUB AND CIVIC COMMITTEE SUPPORT AFFILIATED ORGANIZATIONS TO DEVELOP AND IMPLEMENT IMPROVEMENTS IN POLICY AND OPERATIONS OF THE CITY OF CHICAGO, THE SURROUNDING REGION, AND THE STATE OF ILLINOIS. AT THE PRESENT TIME, THESE ORGANIZATIONS INCLUDE CIVIC COMMITTEE ACTION, CIVIC CONSULTING ALLIANCE, KIDS FIRST CHICAGO FOR EDUCATION (K1C), AND P33. THE CLUB'S FINANCIAL STATEMENTS INCLUDE THE ACTIVITIES OF THE COMMERCIAL CLUB OF CHICAGO AND CIVIC COMMITTEE, WHICH COMPRISE ONE LEGAL ENTITY.

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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 $0
Program Service Revenue $8,555,803
Investment Income $109,165
Other Revenue $45,079
TOTAL REVENUE $8,710,047

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,600,597
Fundraising Expenses $0
Program Expenses $6,093,306
Other Expenses $3,220,729
TOTAL EXPENSES $8,821,326

Year-over-Year Comparison

2024 2023 Change
Revenue $8,710,047 $6,097,221 +0.4%
Expenses $8,821,326 $5,873,428 +0.5%
Net Income $-111,279 $223,793 -1.5%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
24
Independent Members
23
Employees
27
Volunteers
168

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
$1,107,061
Total Directors
24
$1,107,061
Key Employees
2
$876,765
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEREK R B DOUGLAS PRESIDENT 33.00
Officer Director
$883,004 $68,233 $1,107,061
JENNIFER SCANLON DIRECTOR/CHAIRMAN 2.00
Officer Director
$0 $0 $0
MICHAEL O'GRADY DIRECTOR/VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
SCOTT SWANSON DIRECTOR/TREASURER 1.00
Officer Director
$0 $0 $0
STEVE KOCH DIRECTOR/SECRETARY 1.00
Director
$0 $0 $0
DEBRA CAFARO DIRECTOR 1.00
Director
$0 $0 $0
DEBORAH DEHAAS DIRECTOR 1.00
Director
$0 $0 $0
RICARDO ESTRADA DIRECTOR 1.00
Director
$0 $0 $0
ROBERT FORD DIRECTOR 1.00
Director
$0 $0 $0
JAY L HENDERSON DIRECTOR 1.00
Officer Director
$0 $0 $0
JOHN HOLMES DIRECTOR 1.00
Director
$0 $0 $0
MARK HOPLAMAZIAN DIRECTOR 1.00
Director
$0 $0 $0
CHEVY HUMPHREY DIRECTOR 1.00
Director
$0 $0 $0
LESTER KNIGHT DIRECTOR 1.00
Director
$0 $0 $0
WALTER E MASSEY DIRECTOR 1.00
Director
$0 $0 $0
DORRI MCWHORTER DIRECTOR 1.00
Director
$0 $0 $0
PENNY PRITZKER DIRECTOR 1.00
Director
$0 $0 $0
JOHN ROGERS DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL SACKS DIRECTOR 1.00
Director
$0 $0 $0
E SCOTT SANTI DIRECTOR 1.00
Director
$0 $0 $0
ERIC SMITH DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER W STEANS DIRECTOR 1.00
Director
$0 $0 $0
LAURA THONN DIRECTOR 1.00
Director
$0 $0 $0
THOMAS WILSON DIRECTOR 1.00
Director
$0 $0 $0
CORDELIA C MEYER EXECUTIVE VICE PRESIDENT 36.00
Key Emp
$391,580 $46,504 $494,024
ERIKA POETHIG EVP FOR STRATEGY AND PLANNING 40.00
Key Emp
$356,536 $26,205 $382,741
TOM KOTARAC SENIOR VP, TRANSPORT/INFRA 40.00
Highest
$310,724 $53,347 $364,071
SUZANNE FISHER VP, FINANCE & ADMIN 28.00
Highest
$166,347 $45,613 $235,724
REGINA HEYWARD SR VP FOR ECONOMIC OPPORTUNITY 40.00
Highest
$298,104 $13,085 $311,189
ROBERT BOIK SR VP FOR PUBLIC SAFETY 40.00
Highest
$232,047 $13,231 $245,278
NIKA LEVANDO BIRMAN CHIEF OF STAFF 2.00
Highest
$161,940 $12,566 $183,029
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 $8,710,047 $8,821,326 $18,338,033 $-111,279
2024 $6,097,221 $5,873,428 $5,406,491 $223,793
2023 $4,163,527 $5,030,848 $2,465,781 $-867,321
2022 $4,161,715 $4,451,174 $3,716,814 $-289,459
2021 $3,308,151 $3,337,066 $3,551,768 $-28,915
2020 $3,513,943 $3,598,943 $3,406,363 $-85,000
2019 $3,598,957 $3,473,659 $3,525,933 $125,298
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