PALATINE AREA 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

1951

Legal Domicile

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 $117K in total revenue in fiscal year 2020. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $146K exceeded revenue, resulting in a 25% operating deficit.

Mission

AREA BUSINESS PROMOTION

Program Service Accomplishments

Program 1

Expenses: $17,736

MONTHLY PROGRAMS AND/OR SPECIAL INTEREST MEETINGS, PERIODIC SPECIAL TOPICAL SEMINARS AND VARIOUS JOINT AREA PROMOTIONAL ACTIVITIES.

Program 2

Expenses: $3,664

REGULAR AND PERIODIC MEETINGS FOR PROGRAM ACTIVITIES

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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 (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

Governance

Voting Members

Independent Members

Employees

Volunteers

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	Role	Reportable Comp	Other Comp	Total
JAN WOOD	SECRETARY	Officer Director	$0	$0	$0
LORRENE CONINO	VICE PRESIDENT	Officer Director	$0	$0	$0
ERIC MARZINKE	PRESIDENT	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

PALATINE AREA CHAMBER OF COMMERCE INC