Romeoville Area Chamber of Commerce

EIN: 363670749

Romeoville, IL

Total Revenue
$129,062
Total Expenses
$150,913
Total Assets
$29,930
Net Assets
$29,930
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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
1991
Legal Domicile
IL
Principal Officer
Mary Kay Charity
Phone
8158862076
Tax Period
2024-01-01 to 2024-12-31

Romeoville Area Chamber of Commerce, founded in 1991, is a small nonprofit that reported $129K in total revenue in fiscal year 2024. Expenses of $151K exceeded revenue, resulting in a 17% operating deficit.

Mission

Promoting and servicing local business

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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 $129,062
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $129,062

Expense Breakdown

Grants Paid $0
Salaries & Benefits $96,425
Fundraising Expenses $0
Other Expenses $54,488
TOTAL EXPENSES $150,913

Year-over-Year Comparison

2024 2023 Change
Revenue $129,062 N/A N/A
Expenses $150,913 N/A N/A
Net Income $-21,851 N/A N/A
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
12
Independent Members
N/A
Employees
4
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
6
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Marlishia Carey Board Member 0.00
Director
$0 $0 $0
Jennifer Hannon Secretary 0.00
Director
$0 $0 $0
Josh Potter Board Member 0.00
Director
$0 $0 $0
Emily Jablonski Chairperson 0.00
Director
$0 $0 $0
Ken Guidenbecker Board Member 0.00
Director
$0 $0 $0
Michael Vickery Board Member 0.00
Director
$0 $0 $0
Dan Bradley Past Chairwoman 0.00
Officer
$0 $0 $0
Michelle Smith Board Member 0.00
Officer
$0 $0 $0
Mary Kay Charity PresidentCEO 0.00
Officer
$0 $0 $0
Matt Dollinger Treasurer 0.00
Officer
$0 $0 $0
Kevin Tanksley Board Member 0.00
Officer
$0 $0 $0
Stephen Sherwood Board Member 0.00
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
2024 $129,062 $150,913 $29,930 $-21,851
2023 $103,753 $106,420 $51,781 $-2,667
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