SHOREWOOD AREA CHAMBER OF COMMERCE INC (EIN 363537902) - Form 990 Financial Analysis & Trantor Score

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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

2009

Legal Domicile

Tax Period

2020-01-01 to 2020-12-31

SHOREWOOD AREA CHAMBER OF COMMERCE INC, founded in 2009, is a micro nonprofit that reported $45K in total revenue in fiscal year 2020. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $52K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO FOSTER GROWTH, DEVELOPMENT, AND SUCCESS OF SHOREWOOD AREA BUSINESSES THROUGH ON-GOING PROGRAMS WHICH EDUCATE, ENCOURAGE, AND STRENGTHEN CHAMBER MEMBERS; TO REPRESENT THE MEMBERS WITHIN THE BUSINESS COMMUNITY AND THE COMMUNITY AT LARGE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $10,100

Program Service Revenue $25,165

Investment Income $558

Other Revenue $9,631

TOTAL REVENUE $45,454

Expense Breakdown

Grants Paid $5,572

Salaries & Benefits $30,533

Fundraising Expenses $0

Program Expenses $5,758

Other Expenses $15,501

TOTAL EXPENSES $51,606

Year-over-Year Comparison

	2020	2019	Change
Revenue	$45,454	$58,596	-0.2%
Expenses	$51,606	$59,898	-0.1%
Net Income	$-6,152	$-1,302	+3.7%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SERR	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT WISNESKI	DIRECTOR	2.00	Director	$0	$0	$0
JAN WOREK	FINANCE DIRECTOR	20.00	Director	$0	$0	$0
PETRA LACHENICHT	DIRECTOR	2.00	Director	$0	$0	$0
MEGAN CLINTON	DIRECTOR	2.00	Director	$0	$0	$0
DIANE LAMBERT	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTIAN FRASER	DIRECTOR	2.00	Director	$0	$0	$0
CAROL WAGNER	PRESIDENT	20.00	Officer	$0	$0	$0
ANNA HULLINGER	TREASURER	2.00	Officer	$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
2020	$45,454	$51,606	No data	$-6,152
2019	$58,596	$59,898	$64,772	$-1,302

SHOREWOOD AREA CHAMBER OF COMMERCE INC