ALGONQUIN-LAKE IN THE HILLS CHAMBE… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1952

Legal Domicile

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.

Program Service Accomplishments

Program 1

ANNUAL GOLF OUTING TO PROMOTE NETWORKING OF INDIVIDUALS

Program 2

HALLOWEEN WINE WALK TO PROMOTE NETWORKING OF INDIVIDUALS

Program 3

ANNUAL DINNER TO PROMOTE NETWORKING OF INDIVIDUALS AND CELEBRATE LOCAL BUSINESS ACCOMPLISHMENTS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$57,389

Total Directors

Key Employees

Highest Compensated

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

ALGONQUIN-LAKE IN THE HILLS CHAMBER OF COMMERCE INC