Lake View East 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

1981

Legal Domicile

Principal Officer

Maureen Martino

Phone

7733488608

Tax Period

2024-01-01 to 2024-12-31

Lake View East Chamber of Commerce, founded in 1981, is a small nonprofit that reported $452K in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $415K left a modest 8% surplus.

Mission

To promote the interests of busineeses within the Lake View Community

Program Service Accomplishments

Program 1

Expenses: $86,808 Revenue: $179,717

Art Festival to promote art in the community, encourage local shopping and promote local artists

Program 2

Expenses: $7,677 Revenue: $69,847

Music Festival to promote local musicians and encourage shopping in the Belmont-Sheffield area of Chicago

Program 3

Expenses: $16,068 Revenue: $13,002

Supperclub is to get the citizens of Lake View to get to know the local vendors.

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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 $154,412

Program Service Revenue $119,454

Investment Income $8,659

Other Revenue $169,210

TOTAL REVENUE $451,735

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,790

Fundraising Expenses $0

Program Expenses $110,553

Other Expenses $290,191

TOTAL EXPENSES $414,981

Year-over-Year Comparison

	2024	2023	Change
Revenue	$451,735	$1,026,001	-0.6%
Expenses	$414,981	$951,820	-0.6%
Net Income	$36,754	$74,181	-0.5%

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

Total Directors

Key Employees

$138,570

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAUREEN MARTINO	Exec Director	50.00	Key Emp	$138,570	$0	$138,570
ESTHER GRIEGO	Secretary	5.00	Officer Director	$0	$0	$0
CONNIE BECKER	Director	5.00	Director	$0	$0	$0
STACY LOUKAS	Director	5.00	Director	$0	$0	$0
ROCKY ALBAZI	Treasurer	5.00	Officer Director	$0	$0	$0
PAUL RHUBRIGHT	Director	5.00	Director	$0	$0	$0
PHILIP GRAUBART	Director	5.00	Director	$0	$0	$0
ALEX CERESTEAN	Director	5.00	Director	$0	$0	$0
MARC ENGEL	President	5.00	Officer Director	$0	$0	$0
JASPER ROBINSON	Vice President	5.00	Officer Director	$0	$0	$0
CURTIS FLAGG-SHAW	Director	5.00	Director	$0	$0	$0
MARIA RODRIQUEZ	Director	5.00	Director	$0	$0	$0
LAUREN RUBBELKE	Director	5.00	Director	$0	$0	$0
WILLIAM GOLD	Director	5.00	Director	$0	$0	$0
MELISSA ZEMAN	Director	5.00	Director	$0	$0	$0
RUSS BISHOP	Director	5.00	Director	$0	$0	$0
SUNNY LIN	Exec Director	5.00	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	$451,735	$414,981	$806,529	$36,754
2023	$1,026,001	$951,820	$779,307	$74,181
2022	$2,372,397	$2,365,555	$769,059	$6,842
2021	$2,222,213	$1,987,796	$760,345	$234,417
2020	$1,925,748	$1,754,345	$594,878	$171,403
2019	$2,161,511	$2,132,951	$360,483	$28,560
2018	$1,964,768	$1,833,641	$329,858	$131,127