Oak Lawn Chamber of Commerce

EIN: 362852308

Oak Lawn, IL

Total Revenue
$167,980
Total Expenses
$141,492
Total Assets
$230,397
Net Assets
$173,555
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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
1947
Legal Domicile
IL
Tax Period
2024-01-01 to 2024-12-31

Oak Lawn Chamber of Commerce, founded in 1947, is a small nonprofit that reported $168K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $26K, a strong 16% operating margin.

Mission

To represent and advance its business community striving with constant integrity fairness and cooperation to promote and improve the economic atmosphere business climate and image of Oak Lawn

Program Service Accomplishments

Program 1
Expenses: $10,005 Revenue: $13,214

The membership directory promotes the business services and products available within the local community

Program 2
Expenses: $15,735 Revenue: $12,755

Membership Meetings Luncheons were held throughout the year to exchange business and community concerns and maintain awareness of community business developments and exchange ideas for the betterment...

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Membership Meetings Luncheons were held throughout the year to exchange business and community concerns and maintain awareness of community business developments and exchange ideas for the betterment of the business environment within the community

Program 3
Expenses: $28,735 Revenue: $62,010

Other membership events were held throughout the year to promote the Village of Oak Lawn and its businesses

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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 $51,621
Program Service Revenue $53,266
Investment Income $6,294
Other Revenue $56,799
TOTAL REVENUE $167,980

Expense Breakdown

Grants Paid $0
Salaries & Benefits $51,871
Fundraising Expenses $0
Program Expenses $54,475
Other Expenses $89,621
TOTAL EXPENSES $141,492

Year-over-Year Comparison

2024 2023 Change
Revenue $167,980 $116,279 +0.4%
Expenses $141,492 $122,040 +0.2%
Net Income $26,488 $-5,761 -5.6%
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
29
Independent Members
29
Employees
2
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
5
$0
Total Directors
0
$0
Key Employees
2
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeff Reynolds President 005.00
Officer
$0 $0 $0
Natasha Williams 1st Vice President 003.00
Officer
$0 $0 $0
Kathleen Farrell 2nd Vice President 001.00
Officer
$0 $0 $0
Nick Gulino Treasurer/Secretary 001.00
Officer
$0 $0 $0
Jim Makina Past President 001.00
Officer
$0 $0 $0
Anne Fritz Executive Director 025.00
Key Emp Highest
$0 $0 $0
Jennifer Villafan Assistant Director 005.00
Key Emp
$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 $167,980 $141,492 $230,397 $26,488
2023 $166,386 $121,576 $199,435 $44,810
2023 $116,279 $122,040 $199,452 $-5,761
2022 $111,532 $100,321 $201,647 $11,211
2021 $108,550 $99,949 $187,749 $8,601
2020 $83,436 $119,530 $184,873 $-36,094
2019 $119,870 $123,771 $226,971 $-3,901
2018 $117,690 $135,154 $224,225 $-17,464
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