Lockport Chamber of Commerce

EIN: 362806448

LOCKPORT, IL

Total Revenue
$135,013
Total Expenses
$112,191
Total Assets
$223,424
Net Assets
$221,716
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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
1974
Legal Domicile
IL
Principal Officer
Ronald Lif
Phone
6306756109
Tax Period
2023-01-01 to 2023-12-31

Lockport Chamber of Commerce, founded in 1974, is a small nonprofit that reported $135K in total revenue in fiscal year 2023. The organization ran a surplus of $23K, a strong 17% operating margin.

Mission

SUPPORT OF TOWN EVENTS AND PEOPLE

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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 $36,915
Program Service Revenue $0
Investment Income $0
Other Revenue $98,098
TOTAL REVENUE $135,013

Expense Breakdown

Grants Paid $2,000
Salaries & Benefits $83,361
Fundraising Expenses $0
Other Expenses $26,830
TOTAL EXPENSES $112,191

Year-over-Year Comparison

2023 2022 Change
Revenue $135,013 $137,961 0.0%
Expenses $112,191 $99,041 +0.1%
Net Income $22,822 $38,920 -0.4%
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
3
Independent Members
3
Employees
1
Volunteers
20

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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NA N/A N/A
$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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $135,013 $112,191 $223,424 $22,822
2022 $137,961 $99,041 $209,768 $38,920
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