MOUNT PROSPECT CHAMBER OF COMMERCE… - 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

1996

Legal Domicile

Principal Officer

TRISHA CHOKSHI

Phone

8473465565

Tax Period

2023-01-01 to 2023-12-31

MOUNT PROSPECT CHAMBER OF COMMERCE TRISHA CHOKSHI, founded in 1996, is a micro nonprofit that reported $6K in total revenue in fiscal year 2023. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $10K exceeded revenue, resulting in a 79% operating deficit.

Mission

PROMOTION OF THE BUSINESS COMMUNITY IN MOUNT PROSPECT.

Program Service Accomplishments

Program 1

PROVIDE MEETINGS, SEMINARS AND NEWSLETTERS FOR MEMBERS TO PROMOTE THE IMPROVEMENT OF BUSINESS CONDITIONS IN THE LOCAL AREA.

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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 $0

Program Service Revenue $3,028

Investment Income $0

Other Revenue $2,805

TOTAL REVENUE $5,833

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $10,459

TOTAL EXPENSES $10,459

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,833	$77,044	-0.9%
Expenses	$10,459	$57,128	-0.8%
Net Income	$-4,626	$19,916	-1.2%

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
TRISHA CHOKSHI	CHAIRMAN	2.00	Director	$0	$0	$0
GEORGE TSELOS	DIRECTOR	2.00	Director	$0	$0	$0
TOM ZANDER	DIRECTOR	2.00	Director	$0	$0	$0
JESSE ZIEN	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER RICH	DIRECTOR	2.00	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	$5,833	$10,459	$39,262	$-4,626
2022	$77,044	$57,128	$43,888	$19,916
2021	$66,559	$35,663	$46,174	$30,896
2018	$227,525	$258,401	$-6,112	$-30,876
2017	$209,206	$207,213	$-910	$1,993

MOUNT PROSPECT CHAMBER OF COMMERCE TRISHA CHOKSHI