NORTHWEST CONNECTION CHAMBER OF COMMERCE

EIN: 363204170

CHICAGO, IL

Total Revenue
$80,712
Total Expenses
$84,474
Total Assets
$138,893
Net Assets
$138,893
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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
1990
Legal Domicile
IL
Tax Period
2022-01-01 to 2022-12-31

NORTHWEST CONNECTION CHAMBER OF COMMERCE, founded in 1990, is a micro nonprofit that reported $81K in total revenue in fiscal year 2022. Revenue fell 26% from the prior year — a significant decline worth monitoring.

Mission

SEE STATEMENT 2

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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 (2022)

Revenue Breakdown

Contributions & Grants $80,712
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $80,712

Expense Breakdown

Grants Paid $0
Salaries & Benefits $70,670
Fundraising Expenses $0
Program Expenses $84,474
Other Expenses $13,804
TOTAL EXPENSES $84,474

Year-over-Year Comparison

2022 2021 Change
Revenue $80,712 $108,894 -0.3%
Expenses $84,474 $80,099 +0.1%
Net Income $-3,762 $28,795 -1.1%
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
N/A
Independent Members
N/A
Employees
1
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETE SCHMUGGE EXECUTIVE DIR 40.00
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
2022 $80,712 $84,474 $138,893 $-3,762
2021 $108,894 $80,099 $142,655 $28,795
2020 $75,405 $80,429 $113,860 $-5,024
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