GLADSTONE PARK CHAMBER OF COMMERCE

EIN: 363746583

CHICAGO, IL

Total Revenue
$135,161
Total Expenses
$242,204
Total Assets
N/A
Net Assets
$-81,999
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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
1990
Legal Domicile
IL
Phone
7737758871
Tax Period
2025-01-01 to 2025-12-31

GLADSTONE PARK CHAMBER OF COMMERCE, founded in 1990, is a small nonprofit that reported $135K in total revenue in fiscal year 2025. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $242K exceeded revenue, resulting in a 79% operating deficit.

Mission

TO PROMOTE THE CIVIC, ECONOMIC AND SOCIAL WELFARE OF THE RESIDENTIAL AND BUSINESS COMMUNITY

Program Service Accomplishments

Program 1
Expenses: $233,816 Revenue: $81,999

PROMOTED THE CIVIC, ECONOMIC AND SOCIAL WELFARE OF THE RESIDENTIAL AND BUSINESS 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 (2025)

Revenue Breakdown

Contributions & Grants $135,161
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $135,161

Expense Breakdown

Grants Paid $0
Salaries & Benefits $48,620
Fundraising Expenses $0
Program Expenses $233,816
Other Expenses $193,584
TOTAL EXPENSES $242,204

Year-over-Year Comparison

2025 2024 Change
Revenue $135,161 $270,588 -0.5%
Expenses $242,204 $287,881 -0.2%
Net Income $-107,043 $-17,293 +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
12
Independent Members
12
Employees
1
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN CIOLINO PRESIDENT 2.00
Officer
$0 $0 $0
DAN GIBBONS TREASURER 2.00
Officer
$0 $0 $0
JAIME MORALES VICE PRESIDENT 2.00
Officer
$0 $0 $0
BRIAN NADIG SECRETARY 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
2025 $135,161 $242,204 No data $-107,043
2025 $250,681 $242,430 $33,295 $8,251
2024 $270,588 $287,881 $25,044 $-17,293
2023 $277,211 $244,782 $42,337 $32,429
2022 $295,899 $327,436 $9,908 $-31,537
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