NORTHERN KANE COUNTY CHAMBER OF COMMERCE

EIN: 363075516

Carpentersville, IL

Total Revenue
$181,788
Total Expenses
$181,096
Total Assets
$128,249
Net Assets
$73,024
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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
1980
Legal Domicile
IL
Principal Officer
MELISSA HERNANDEZ
Phone
8474268565
Tax Period
2024-01-01 to 2024-12-31

NORTHERN KANE COUNTY CHAMBER OF COMMERCE, founded in 1980, is a small nonprofit that reported $182K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

THE NORTHERN KANE COUNTY CHAMBER OF COMMERCE IS AN ADVOCATE FOR BUSINESS INTEREST BY IDENTIFYING AND FOLLOWING THE NEEDS OF THE BUSINESS COMMUNITY THROUGH LEADERSHIP, EDUCATION, DEVELOPMENT, SUPPORT AND PROMOTION

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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 $0
Program Service Revenue $125,767
Investment Income $1,464
Other Revenue $54,557
TOTAL REVENUE $181,788

Expense Breakdown

Grants Paid $0
Salaries & Benefits $96,695
Fundraising Expenses $0
Program Expenses $166,193
Other Expenses $84,401
TOTAL EXPENSES $181,096

Year-over-Year Comparison

2024 2023 Change
Revenue $181,788 $192,897 -0.1%
Expenses $181,096 $174,146 +0.0%
Net Income $692 $18,751 -1.0%
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
21
Independent Members
21
Employees
2
Volunteers
40

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
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL SIMPSON TRESURER 10.00
Officer Director
$0 $0 $0
JAY BENNETT CHAIR 10.00
Officer Director
$0 $0 $0
TIFFANIE YOUNG PAST CHAIR 5.00
Officer Director
$0 $0 $0
PATRICIA SZPEKOWSKI SECRETARY 5.00
Officer Director
$0 $0 $0
JEANNE ALLEN DIRECTOR 1.00
Director
$0 $0 $0
ERNIE GAMINO DIRECTOR 2.00
Director
$0 $0 $0
VICKI GENZ DIRECTOR 1.00
Director
$0 $0 $0
DREW GLASSFORD DIRECTOR 2.00
Director
$0 $0 $0
YASMIN DIAZ DIRECTOR 1.00
Director
$0 $0 $0
LORI-ANN HAIGES DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL HASSELBRING DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM HOF DIRECTOR 1.00
Director
$0 $0 $0
TOM JAYNES DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW KARRAS DIRECTOR 1.00
Director
$0 $0 $0
MARK MARCANIO DIRECTOR 1.00
Director
$0 $0 $0
ANN MEYER DIRECTOR 1.00
Director
$0 $0 $0
PARISA MORRIS DIRECTOR 1.00
Director
$0 $0 $0
TAMMY RAY DIRECTOR 1.00
Director
$0 $0 $0
GRETA SALAMANDO DIRECTOR 1.00
Director
$0 $0 $0
TIM SCOTT DIRECTOR 1.00
Director
$0 $0 $0
OSCAR TAPIA DIRECTOR 1.00
Director
$0 $0 $0
MELISSA HERNANDEZ 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 $181,788 $181,096 $128,249 $692
2023 $192,897 $174,146 $104,429 $18,751
2022 $169,523 $156,407 $69,035 $13,116
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