Niles Chamber Of Commerce

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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

1971

Legal Domicile

Phone

8472688180

Tax Period

2024-01-01 to 2024-12-31

Niles Chamber Of Commerce, founded in 1971, is a small nonprofit that reported $236K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

Promote the Village of Niles

Program Service Accomplishments

Program 1

Dues are collected to pay for operational overhead, plus programs not otherwise provided for.

Program 2

Publish and distribute Guide to Promoting the value of living and shopping in the village of Niles.

Program 3

Annual and Monthly meetings bring together the membership, enabling the exchange of ideas, elections of officers, critiques of past performance and identification of future goals.

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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 (2024)

Revenue Breakdown

Contributions & Grants $163,430

Program Service Revenue $0

Investment Income $1,627

Other Revenue $70,950

TOTAL REVENUE $236,007

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,060

Fundraising Expenses $0

Other Expenses $86,049

TOTAL EXPENSES $234,109

Year-over-Year Comparison

	2024	2023	Change
Revenue	$236,007	$197,845	+0.2%
Expenses	$234,109	$178,579	+0.3%
Net Income	$1,898	$19,266	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

$80,422

Key Employees

$56,677

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Erin Moy	Doerr	40.00	Key Emp	$34,862	$0	$34,862
Nageen	Nasir	1.00	Key Emp	$21,815	$0	$21,815
Tracy	Holmes	40.00	Director	$80,422	$0	$80,422

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	$236,007	$234,109	$214,649	$1,898
2023	$197,845	$178,579	$216,429	$19,266
2022	$134,683	$161,642	$231,652	$-26,959
2021	$301,400	$212,055	$248,260	$89,345
2020	$198,586	$192,099	$167,147	$6,487
2019	$216,622	$221,597	$110,218	$-4,975
2018	$170,757	$168,103	$128,884	$2,654