DOWNERS GROVE AREA CHAMBER OF COMMERCE AND INDUSTRY INC

EIN: 362207366

DOWNERS GROVE, IL

Total Revenue
$311,284
Total Expenses
$335,784
Total Assets
$52,019
Net Assets
$51,694
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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
1951
Legal Domicile
IL
Principal Officer
Beth Goncher
Phone
7732690407
Tax Period
2023-10-01 to 2024-09-30

DOWNERS GROVE AREA CHAMBER OF COMMERCE AND INDUSTRY INC, founded in 1951, is a small nonprofit that reported $311K in total revenue in fiscal year 2023.

Mission

TO SERVE AS THE PREMIER BUSINESS RESOURCE PROVIDING AND PROTECTING ECONOMIC OPPORTUNITY.

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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 $73,921
Program Service Revenue $198,800
Investment Income $0
Other Revenue $38,563
TOTAL REVENUE $311,284

Expense Breakdown

Grants Paid $0
Salaries & Benefits $213,964
Fundraising Expenses $23,921
Program Expenses $23,921
Other Expenses $121,820
TOTAL EXPENSES $335,784

Year-over-Year Comparison

2023 2022 Change
Revenue $311,284 $323,617 0.0%
Expenses $335,784 $323,560 +0.0%
Net Income $-24,500 $57 -430.8%
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
4
Independent Members
4
Employees
7
Volunteers
20

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
$107,160
Total Directors
11
$45,838
Key Employees
2
$107,160
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETH GONCHER SECRETARY PRESIDENT AND EXECUTIVE DIRECTOR 40.00
Officer Director Key Emp Highest
$45,838 $0 $45,838
BRAD WHITACRE CHAIRMAN 1.00
Officer Director
$0 $0 $0
CATHY JAMA VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
ADRIENNE WASSELL TREASURER 1.00
Officer Director
$0 $0 $0
LAURA CRAWFORD EXECUTIVE DIRECTOR 40.00
Officer Key Emp
$61,322 $0 $61,322
MARC HAUSMANN DIRECTOR 1.00
Director
$0 $0 $0
TOM BENNINGTON DIRECTOR 1.00
Director
$0 $0 $0
MELISSA CHUMBLEY DIRECTOR 1.00
Director
$0 $0 $0
CHRIS HOCHSTEDT DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL MILLHOUSE DIRECTOR 1.00
Director
$0 $0 $0
JANELL ROBINSON DIRECTOR 1.00
Director
$0 $0 $0
BRIAN STEINBERG 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 $311,284 $335,784 $52,019 $-24,500
2023 $323,617 $323,560 $76,519 $57
2022 $286,814 $323,038 $76,412 $-36,224
2021 $391,146 $288,493 $113,467 $102,653
2020 $278,868 $283,641 $36,258 $-4,773
2019 $392,523 $387,356 $28,307 $5,167
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