PALATINE AREA CHAMBER OF COMMERCE INC

EIN: 362444189

PALATINE, IL

Total Revenue
$116,611
Total Expenses
$145,716
Total Assets
$43,819
Net Assets
$18,174
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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
ERIC MARZINKE
Tax Period
2020-01-01 to 2020-12-31

PALATINE AREA CHAMBER OF COMMERCE INC, founded in 1951, is a small nonprofit that reported $181K in total revenue in fiscal year 2019. Revenue decreased 6% compared to the prior year.

Mission

AREA BUSINESS PROMOTION

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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 (2020)

Revenue Breakdown

Contributions & Grants $53,309
Program Service Revenue $57,378
Investment Income $54
Other Revenue $5,870
TOTAL REVENUE $116,611

Expense Breakdown

Grants Paid $0
Salaries & Benefits $67,489
Fundraising Expenses $0
Program Expenses $21,400
Other Expenses $78,227
TOTAL EXPENSES $145,716

Year-over-Year Comparison

2020 2019 Change
Revenue $116,611 $180,986 -0.4%
Expenses $145,716 $190,912 -0.2%
Net Income $-29,105 $-9,926 +1.9%
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
14
Independent Members
14
Employees
1
Volunteers
9

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAN WOOD SECRETARY 0.00
Officer Director
$0 $0 $0
LORRENE CONINO VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
ERIC MARZINKE PRESIDENT 0.00
Officer 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
2020 $116,611 $145,716 $43,819 $-29,105
2019 $180,986 $190,912 $49,429 $-9,926
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