CARY-GROVE AREA CHAMBER OF COMMERCE (EIN 363809123) - 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

1964

Legal Domicile

Principal Officer

LYNN CACCAVALLO

Phone

8476392800

Tax Period

2024-01-01 to 2024-12-31

CARY-GROVE AREA CHAMBER OF COMMERCE, founded in 1964, is a small nonprofit in the Community Improvement sector that reported $407K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $352K left a modest 13% surplus.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE SUPPORT TO THE GROWTH AND DEVELOPMENT OF THE BUSINESS COMMUNITY AND TO IMPROVE THE QUALITY OF LIFE FOR THOSE WHO LIVE AND WORK IN THE CARY AND FOX RIVER GROVE AREA

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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 (2024)

Revenue Breakdown

Contributions & Grants $141,052

Program Service Revenue $237,836

Investment Income $10,186

Other Revenue $17,714

TOTAL REVENUE $406,788

Expense Breakdown

Grants Paid $11,992

Salaries & Benefits $156,546

Fundraising Expenses $0

Other Expenses $183,666

TOTAL EXPENSES $352,204

Year-over-Year Comparison

	2024	2023	Change
Revenue	$406,788	$277,861	+0.5%
Expenses	$352,204	$248,255	+0.4%
Net Income	$54,584	$29,606	+0.8%

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

$99,250

Total Directors

$99,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA NIES	CHAIR OF THE BOARD	2.00	Officer Director	$0	$0	$0
SHANNON MORREALE	VICE CHAR OF THE BOARD	2.00	Officer Director	$0	$0	$0
CHRISTINE BETZ	TREASURER	2.00	Officer Director	$0	$0	$0
LYNN CACCAVALLO	PRESIDENT/CEO/SECRETARY	40.00	Officer Director	$99,250	$0	$99,250
DAVE EVANS	MEMBER AT LARGE	2.00	Officer Director	$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	$406,788	$352,204	$372,565	$54,584
2023	$277,861	$248,255	$317,981	$29,606
2022	$263,318	$241,080	$288,375	$22,238
2021	$279,453	$201,019	$266,137	$78,434
2020	$221,535	$191,780	$190,878	$29,755
2019	$349,136	$321,436	$157,948	$27,700
2018	$329,788	$310,977	$130,248	$18,811

CARY-GROVE AREA CHAMBER OF COMMERCE