ALGONQUIN-LAKE IN THE HILLS CHAMBER OF COMMERCE INC

EIN: 363549075 Community Improvement

ALGONQUIN, IL

Total Revenue
$231,049
Total Expenses
$117,461
Total Assets
$165,187
Net Assets
$157,348
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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
1952
Legal Domicile
IL
Principal Officer
GREGORY URBAN
Phone
8476585300
Tax Period
2023-01-01 to 2023-12-31

ALGONQUIN-LAKE IN THE HILLS CHAMBER OF COMMERCE INC, founded in 1952, is a small nonprofit in the Community Improvement sector that reported $231K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $114K, a strong 49% operating margin.

Mission

TO PROMOTE AND SUPPORT THE PROSPERITY AND DEVELOPMENT OF THE LOCAL BUSINESS COMMUNITY THEREFORE ENHANCING OUR 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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $231,049
TOTAL REVENUE $231,049

Expense Breakdown

Grants Paid $6,648
Salaries & Benefits $101,939
Fundraising Expenses $0
Other Expenses $8,874
TOTAL EXPENSES $117,461

Year-over-Year Comparison

2023 2022 Change
Revenue $231,049 $200,857 +0.2%
Expenses $117,461 $182,564 -0.4%
Net Income $113,588 $18,293 +5.2%
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
17
Independent Members
17
Employees
5
Volunteers
25

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
2
$57,389
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMIE L GRIFFITHS EXECUTIVE DIRECTOR 40.00
Officer
$28,312 $0 $28,312
GREGORY J URBAN EXECUTIVE DIRECTOR 40.00
Officer
$29,077 $0 $29,077
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 $231,049 $117,461 $165,187 $113,588
2022 $200,857 $182,564 $134,858 $18,293
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