Lincoln Park Chamber of Commerce Inc

EIN: 363316251

Chicago, IL

Total Revenue
$1,493,613
Total Expenses
$1,274,950
Total Assets
$2,947,511
Net Assets
$2,342,245
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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
1947
Legal Domicile
IL
Principal Officer
Kim Schilf
Phone
7738805200
Tax Period
2024-01-01 to 2024-12-31

Lincoln Park Chamber of Commerce Inc, founded in 1947, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2018. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 6% surplus.

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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 $324,175
Program Service Revenue $1,163,790
Investment Income $4,579
Other Revenue $1,069
TOTAL REVENUE $1,493,613

Expense Breakdown

Grants Paid $0
Salaries & Benefits $505,964
Fundraising Expenses $0
Other Expenses $768,986
TOTAL EXPENSES $1,274,950

Year-over-Year Comparison

2024 2023 Change
Revenue $1,493,613 $1,447,160 +0.0%
Expenses $1,274,950 $1,244,104 +0.0%
Net Income $218,663 $203,056 +0.1%
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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Governance

Voting Members
20
Independent Members
20
Employees
7
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
7
$141,218
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kim Schilf President & CEO 40.00
Officer
$141,218 $0 $141,218
Brad Bohmer Director 1.00
Director
$0 $0 $0
Marybeth Johnson Director 1.00
Director
$0 $0 $0
Christopher Matern Director 1.00
Director
$0 $0 $0
David Thompson Director 1.00
Director
$0 $0 $0
Ali Schwartz Director 1.00
Director
$0 $0 $0
Scott Cruz Director 1.00
Director
$0 $0 $0
Adrian Amrine Director 1.00
Director
$0 $0 $0
Christian Finley Director 1.00
Director
$0 $0 $0
Cheryl Hamilton-Hill Director 1.00
Director
$0 $0 $0
Amy Herbert Director 1.00
Director
$0 $0 $0
Gregory Rigney Director 1.00
Director
$0 $0 $0
Faraz Sardharia Director 1.00
Director
$0 $0 $0
Amanda Thompson Director 1.00
Director
$0 $0 $0
Peter Zudyk Director 1.00
Director
$0 $0 $0
Jim Pomposelli SecretaryTreasurer 1.00
Officer Director
$0 $0 $0
Jonathan Mayotte Chairman 1.00
Officer Director
$0 $0 $0
Jeff Lawler Vice Chairman 1.00
Officer Director
$0 $0 $0
Sophie Evanoff Vice Chairman 1.00
Officer Director
$0 $0 $0
John Fitzgerald Vice Chairman 1.00
Officer Director
$0 $0 $0
Melanie Casati Vice Chairman 1.00
Officer 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 $1,493,613 $1,274,950 $2,947,511 $218,663
2023 $1,447,160 $1,244,104 $2,747,965 $203,056
2022 $1,372,449 $1,137,184 $2,560,338 $235,265
2021 $1,388,284 $1,196,073 $1,761,196 $192,211
2020 $1,190,358 $1,096,638 $1,554,160 $93,720
2019 $1,248,789 $1,242,133 $1,518,046 $6,656
2018 $1,237,084 $1,168,105 $1,513,774 $68,979
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