WEST RIDGE CHAMBER OF COMMERCE (EIN 363843120) - 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

1992

Legal Domicile

Principal Officer

IRVING LOUNDY

Phone

7734232424

Tax Period

2025-01-01 to 2025-12-31

WEST RIDGE CHAMBER OF COMMERCE, founded in 1992, is a micro nonprofit that reported $81K in total revenue in fiscal year 2025. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

PROMOTE ECONOMIC DEVELOPMENT IN THE WEST RIDGE AREA COMMUNITY OF CHICAGO

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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 (2025)

Revenue Breakdown

Contributions & Grants $64,580

Program Service Revenue $16,807

Investment Income $0

Other Revenue $0

TOTAL REVENUE $81,387

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,569

Fundraising Expenses $0

Other Expenses $26,815

TOTAL EXPENSES $84,384

Year-over-Year Comparison

	2025	2024	Change
Revenue	$81,387	$68,009	+0.2%
Expenses	$84,384	$82,468	+0.0%
Net Income	$-2,997	$-14,459	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANETTE CAMERON	DIRECTOR	0.00	Director	$0	$0	$0
GERI ANN CANGELOSI	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL FRANK	DIRECTOR	0.00	Director	$0	$0	$0
RICHARD HOGAN	DIRECTOR	0.00	Director	$0	$0	$0
JAMILA ISMAIL	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN KASE	DIRECTOR	0.00	Director	$0	$0	$0
KEITE MCCORMICK	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL RATAJ	DIRECTOR	1.00	Director	$0	$0	$0
GARY SPANLGER	DIRECTOR	1.00	Director	$0	$0	$0
LEROY VIAMILLE	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL LANO	TREASURER	1.00	Officer Director	$0	$0	$0
IRVING LAOUNDY	PRESIDENT	5.00	Officer Director	$0	$0	$0
ANDREW ROWLAS	SECRETARY	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
2025	$81,387	$84,384	$4,570	$-2,997
2024	No data	No data	No data	No data
2023	$62,772	$85,419	$19,026	$-22,647
2020	$79,260	$79,012	$-20,261	$248
2019	$74,849	$99,051	$-20,509	$-24,202
2018	$56,490	$56,315	$3,693	$175

WEST RIDGE CHAMBER OF COMMERCE