Northcenter Chamber of Commerce

EIN: 363277524

Chicago, IL

Total Revenue
$239,839
Total Expenses
$283,774
Total Assets
$705,184
Net Assets
$406,777
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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
1956
Legal Domicile
IL
Principal Officer
Sarah Spraker
Phone
7735253609
Tax Period
2022-10-01 to 2023-09-30

Northcenter Chamber of Commerce, founded in 1956, is a small nonprofit that reported $240K in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year. Expenses of $284K exceeded revenue, resulting in a 18% operating deficit.

Mission

To advance civic, economic, industrial, professional, and cultural welfare of the business community.

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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 $40,644
Program Service Revenue $196,098
Investment Income $953
Other Revenue $2,144
TOTAL REVENUE $239,839

Expense Breakdown

Grants Paid $1,134
Salaries & Benefits $118,352
Fundraising Expenses $0
Program Expenses $118,820
Other Expenses $164,288
TOTAL EXPENSES $283,774

Year-over-Year Comparison

2022 2021 Change
Revenue $239,839 $283,846 -0.2%
Expenses $283,774 $278,312 +0.0%
Net Income $-43,935 $5,534 -8.9%
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
14
Independent Members
14
Employees
2
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
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sarah Spraker President 001.00
Officer Director
$0 $0 $0
Joe Wilcox Vice President 001.00
Officer Director
$0 $0 $0
Jack Lydon Vice President 001.00
Officer Director
$0 $0 $0
Maria Trejo Treasurer 001.00
Officer Director
$0 $0 $0
Tim Shepardson Secretary 001.00
Officer Director
$0 $0 $0
James Erwin Director 001.00
Director
$0 $0 $0
Margaret Reynolds Director 001.00
Director
$0 $0 $0
Tim Critser Director 001.00
Director
$0 $0 $0
Sarah Ma Director 001.00
Director
$0 $0 $0
James Gates Director 001.00
Director
$0 $0 $0
Simon Stein Director 001.00
Director
$0 $0 $0
Rico Tallud Director 001.00
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 No data No data No data No data
2023 $239,839 $283,774 $705,184 $-43,935
2022 $283,846 $278,312 $776,942 $5,534
2021 $191,734 $257,695 $798,848 $-65,961
2019 $854,880 $948,532 $928,530 $-93,652
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