MCHENRY AREA CHAMBER OF COMMERCE (EIN 362992246) - Form 990 Financial Analysis & Trantor Score

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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

1952

Legal Domicile

Principal Officer

MOLLY OSTAP

Phone

8153854300

Tax Period

2023-01-01 to 2023-12-31

MCHENRY AREA CHAMBER OF COMMERCE, founded in 1952, is a small nonprofit that reported $795K in total revenue in fiscal year 2023. Revenue surged 109% from the prior year, signaling strong growth momentum. The organization ran a surplus of $258K, a strong 32% operating margin.

Mission

THE ORGANIZATION SPONSORS AND ORGANIZES COMMUNITY EVENTS TO PROMOTE NETWORKING OPPORTUNITIES FOR LOCAL BUSINESSES AND PROMOTE A POSITIVE COMMUNITY IDENTITY. IT KEEPS MEMBERS INFORMED OF EVENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $486,790

Program Service Revenue $138,582

Investment Income $12,220

Other Revenue $157,159

TOTAL REVENUE $794,751

Expense Breakdown

Grants Paid $0

Salaries & Benefits $374,226

Fundraising Expenses $0

Program Expenses $388,371

Other Expenses $162,321

TOTAL EXPENSES $536,547

Year-over-Year Comparison

	2023	2022	Change
Revenue	$794,751	$379,755	+1.1%
Expenses	$536,547	$376,632	+0.4%
Net Income	$258,204	$3,123	+81.7%

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

Governance

Voting Members

Independent Members

Employees

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

$138,324

Total Directors

$138,324

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOLLY OSTAP	PRESIDENT	41.00	Officer Director	$133,165	$5,159	$138,324
BECKY KIRCHNER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CARL VALLIANATOS	1ST VICE CHA	1.00	Officer Director	$0	$0	$0
KAY REISSIG	2ND VICE CHA	1.00	Officer Director	$0	$0	$0
LEEJAY STEWART	CORPORATE SE	1.00	Officer Director	$0	$0	$0
KATE MALMSTEDT	TREASURER	1.00	Officer Director	$0	$0	$0
DENNY NORTON JR	DIRECTOR	1.00	Director	$0	$0	$0
DOUG MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS STAMBORSKI	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE SZYMCZAK	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE DITZLER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER HUNT	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE BARRONS	DIRECTOR	1.00	Director	$0	$0	$0
ADAM HARVILLE	DIRECTOR	1.00	Director	$0	$0	$0
LORI MERCURE-WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
TODD MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA SCHNEIDER	DIRECTOR	1.00	Director	$0	$0	$0
RYAN CONWAY	DIRECTOR	1.00	Director	$0	$0	$0
MIKE PIEKOS	DIRECTOR	1.00	Director	$0	$0	$0
JOSH REITZ	DIRECTOR	1.00	Director	$0	$0	$0
ERIC VICENCIO	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	$794,751	$536,547	$1,006,160	$258,204
2023	$794,751	$536,547	$1,006,160	$258,204
2022	$379,755	$376,632	$544,064	$3,123
2021	$454,929	$390,768	$493,100	$64,161
2020	$402,937	$304,650	$425,548	$98,287
2019	$385,491	$365,171	$338,433	$20,320
2018	$334,065	$344,390	$292,088	$-10,325

MCHENRY AREA CHAMBER OF COMMERCE