BARRINGTON AREA CHAMBER OF COMMERCE

EIN: 362652862

BARRINGTON, IL

Total Revenue
$449,368
Total Expenses
$448,631
Total Assets
$198,790
Net Assets
$198,420
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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
1970
Legal Domicile
IL
Principal Officer
SUZANNE CORR
Phone
8473812525
Tax Period
2024-01-01 to 2024-12-31

BARRINGTON AREA CHAMBER OF COMMERCE, founded in 1970, is a small nonprofit that reported $449K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

To provide leadership for the benefit of the Barrington business community by promoting economic opportunities, advocating the interest of business, providing members with education and resources, and encouraging mutual support.

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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 $239,872
Program Service Revenue $207,010
Investment Income $2,486
Other Revenue $0
TOTAL REVENUE $449,368

Expense Breakdown

Grants Paid $2,930
Salaries & Benefits $222,584
Fundraising Expenses $0
Program Expenses $193,337
Other Expenses $223,117
TOTAL EXPENSES $448,631

Year-over-Year Comparison

2024 2023 Change
Revenue $449,368 $407,642 +0.1%
Expenses $448,631 $408,706 +0.1%
Net Income $737 $-1,064 -1.7%
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
17
Independent Members
16
Employees
6
Volunteers
120

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
$144,011
Total Directors
17
$144,011
Key Employees
1
$144,011
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUZANNE CORR PRESIDENT/SECRETARY 40.00
Officer Director Key Emp Highest
$144,011 $0 $144,011
DR CRAIG WINKELMAN ADVISORY COUNCIL 1.00
Officer Director
$0 $0 $0
JON STICKNEY TREASURY 1.00
Officer Director
$0 $0 $0
ROBERT PALMER ADVISORY COUNCIL 1.00
Director
$0 $0 $0
JEN FREY CHAIRPERSON 1.00
Director
$0 $0 $0
MICHELE SMITH ADVISORY COUNCIL 1.00
Director
$0 $0 $0
AMBER LUCZAK DIRECTOR 1.00
Director
$0 $0 $0
SCOTT ANDERSON ADVISORY COUNCIL 1.00
Director
$0 $0 $0
LINDA GUMP DIRECTOR 1.00
Director
$0 $0 $0
ROBERT FINLEY DIRECTOR 1.00
Director
$0 $0 $0
DR REINHOLD LLERENA 2ND VICE CHAIR 1.00
Director
$0 $0 $0
ELAINE SAMBO-REYTHER 1ST VICE CHAIR 1.00
Director
$0 $0 $0
ZACH WITT DIRECTOR 1.00
Director
$0 $0 $0
JULIE MAYER DIRECTOR 1.00
Director
$0 $0 $0
ARMEN KHOLAMIAN DIRECTOR 1.00
Director
$0 $0 $0
KYLE KICK DIRECTOR 1.00
Director
$0 $0 $0
BRETT KOENIG 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 $449,368 $448,631 $198,790 $737
2023 $407,642 $408,706 $201,753 $-1,064
2022 $411,960 $399,341 $202,666 $12,619
2021 $391,241 $318,152 $176,656 $73,089
2020 $335,852 $389,102 $124,569 $-53,250
2019 $463,159 $473,581 $125,096 $-10,422
2018 $475,614 $460,501 $131,545 $15,113
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