NORTHBROOK CHAMBER OF COMMERCE & INDUSTRY

EIN: 362666655

NORTHBROOK, IL

Total Revenue
$530,860
Total Expenses
$383,205
Total Assets
$663,781
Net Assets
$615,016
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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
1968
Legal Domicile
IL
Principal Officer
KATHI QUINN
Phone
8474985555
Tax Period
2023-01-01 to 2023-12-31

NORTHBROOK CHAMBER OF COMMERCE & INDUSTRY, founded in 1968, is a small nonprofit that reported $531K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $148K, a strong 28% operating margin.

Mission

THE NORTHBROOK CHAMBER OF COMMERCE & INDUSTRY IS ORGANIZED TO ADVANCE THE INTERESTS OF ITS MEMBERS AND TO SERVE AS THE ADVOCATE OF THE COMMERICIAL, INDUSTRIAL AND RETAIL COMMUNITIES OF THE VILLAGE OF NORTHBROOK AND ITS TRADE 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $477,502
Investment Income $6,389
Other Revenue $46,969
TOTAL REVENUE $530,860

Expense Breakdown

Grants Paid $0
Salaries & Benefits $219,879
Fundraising Expenses $0
Other Expenses $163,326
TOTAL EXPENSES $383,205

Year-over-Year Comparison

2023 2022 Change
Revenue $530,860 $455,224 +0.2%
Expenses $383,205 $448,145 -0.1%
Net Income $147,655 $7,079 +19.9%
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
20
Independent Members
20
Employees
4
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
3
$92,500
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHI QUINN EXECUTIVE DI 40.00
Officer
$92,500 $0 $92,500
IRENE SCHLOSS DE BRIHUEGA DIRECTOR 1.00
Director
$0 $0 $0
LEE BROOKS DIRECTOR 1.00
Director
$0 $0 $0
MARC CORNFIELD DIRECTOR 1.00
Director
$0 $0 $0
MARK DEBARTOLO DIRECTOR 1.00
Director
$0 $0 $0
NICK DRIVAS DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL FIORE DIRECTOR 1.00
Director
$0 $0 $0
RON GOLDBLATT DIRECTOR 1.00
Director
$0 $0 $0
JACQUELINE HART DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM HUNT DIRECTOR 1.00
Director
$0 $0 $0
AMY KAHHAT DIRECTOR 1.00
Director
$0 $0 $0
ROBYN KOLE TREASURER 1.00
Officer Director
$0 $0 $0
ARNIE KRAUSE DIRECTOR 1.00
Director
$0 $0 $0
JULIE LERMAN CHAIRMAN 1.00
Officer Director
$0 $0 $0
KATIE MOORE DIRECTOR 1.00
Director
$0 $0 $0
KATIE ROBERTS DIRECTOR 1.00
Director
$0 $0 $0
STEVEN SCHMIT DIRECTOR 1.00
Director
$0 $0 $0
MATT SETTLER DIRECTOR 1.00
Director
$0 $0 $0
TODD WESSING DIRECTOR 1.00
Director
$0 $0 $0
TOM WHALEN DIRECTOR 1.00
Director
$0 $0 $0
JASON YOUNG 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 No data No data No data No data
2023 $530,860 $383,205 $663,781 $147,655
2022 $455,224 $448,145 $559,394 $7,079
2021 $460,645 $432,109 $634,786 $28,536
2020 $383,323 $408,420 $533,754 $-25,097
2019 $553,243 $534,638 $598,184 $18,605
2018 $533,432 $505,799 $573,463 $27,633
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