FRANKFORT CHAMBER OF COMMERCE

EIN: 363037887

FRANKFORT, IL

Total Revenue
$641,872
Total Expenses
$637,579
Total Assets
$966,477
Net Assets
$947,479
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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
1967
Legal Domicile
IL
Principal Officer
DEAN VAUNDRY PRESIDENT
Phone
8154693356
Tax Period
2024-01-01 to 2024-12-31

FRANKFORT CHAMBER OF COMMERCE, founded in 1967, is a small nonprofit that reported $642K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

PROMOTE POSITIVE BUSINESS AND COMMUNITY GROWTH

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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 $140,952
Program Service Revenue $451,486
Investment Income $49,434
Other Revenue $0
TOTAL REVENUE $641,872

Expense Breakdown

Grants Paid $22,790
Salaries & Benefits $283,082
Fundraising Expenses $0
Program Expenses $520,039
Other Expenses $331,707
TOTAL EXPENSES $637,579

Year-over-Year Comparison

2024 2023 Change
Revenue $641,872 $571,712 +0.1%
Expenses $637,579 $531,555 +0.2%
Net Income $4,293 $40,157 -0.9%
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
12
Independent Members
12
Employees
4
Volunteers
150

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
7
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAULINE MODJESKI EXEC DIRECTOR 40.00
Highest
$100,950 $3,029 $103,979
JOHN COSGROVE DIRECTOR 0.00
Director
$0 $0 $0
JAKE ALECK DIRECTOR 0.00
Director
$0 $0 $0
JESSICA JAKUBOWSKI DIRECTOR 0.00
Director
$0 $0 $0
KELLY GARVER DIRECTOR 0.00
Director
$0 $0 $0
CHRIS GLATZ DIRECTOR 0.00
Director
$0 $0 $0
GERRY GRIFFIN DIRECTOR 0.00
Director
$0 $0 $0
KEN MULHERAN DIRECTOR 0.00
Director
$0 $0 $0
DEAN VAUNDRY PRESIDENT 0.00
Officer
$0 $0 $0
ROBERT KENNEDY PAST PRESIDENT 0.00
Officer
$0 $0 $0
MIKE MITCHELL TREASURER 0.00
Officer
$0 $0 $0
GINA PERSIANI SECRETARY 0.00
Officer
$0 $0 $0
MIKE CARTOLANO VICE PRESIDENT 0.00
Officer
$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 $641,872 $637,579 $966,477 $4,293
2023 $571,712 $531,555 $948,936 $40,157
2023 $571,712 $531,555 $948,936 $40,157
2022 $408,447 $382,685 $907,405 $25,762
2021 $493,280 $306,748 $880,904 $186,532
2020 $278,714 $301,152 $703,456 $-22,438
2019 $497,742 $518,902 $727,045 $-21,160
2018 $500,091 $457,595 $698,049 $42,496
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