QUAD COUNTY AFRICAN AMERICAN CHAMBER OF COMMERCE

EIN: 363897633 501(c)(3) Education

AURORA, IL

Total Revenue
$106,597
Total Expenses
$90,154
Total Assets
$76,442
Net Assets
$72,451
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
IL
Principal Officer
SHERMAN JENKINS
Phone
6308599776
Tax Period
2023-01-01 to 2023-12-31

QUAD COUNTY AFRICAN AMERICAN CHAMBER OF COMMERCE, founded in 1993, is a small nonprofit in the Education sector that reported $107K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $16K, a strong 15% operating margin.

Mission

WE PROVIDE BUSINESS SEMINARS, JOB PROGRAMS, EDUCATIONAL LECTURES, CIVIC AND CHARITABLE EVENTS FOR AFRICAN AMERICAN AND OTHER SMALL BUSINESSES

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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 (2023)

Revenue Breakdown

Contributions & Grants $16,076
Program Service Revenue $89,967
Investment Income $554
Other Revenue $0
TOTAL REVENUE $106,597

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,828
Fundraising Expenses $0
Program Expenses $83,381
Other Expenses $80,326
TOTAL EXPENSES $90,154

Year-over-Year Comparison

2023 2022 Change
Revenue $106,597 $90,369 +0.2%
Expenses $90,154 $112,743 -0.2%
Net Income $16,443 $-22,374 -1.7%
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
16
Independent Members
16
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
3
$9,000
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERMAN JENKINS CHAIRMAN 12.00
Officer
$9,000 $0 $9,000
HARISH ANANTHAPADMANABHAN DIRECTOR 1.00
Director
$0 $0 $0
SHEENA BAKER DIRECTOR 1.00
Director
$0 $0 $0
LIEZEL ESQUIVEL DIRECTOR 1.00
Director
$0 $0 $0
RON FORD DIRECTOR 1.00
Director
$0 $0 $0
SHIAN JNO-LEWIS DIRECTOR 1.00
Director
$0 $0 $0
DOROTHEA JONES DIRECTOR 1.00
Director
$0 $0 $0
LORENA LABASTIDA DIRECTOR 1.00
Director
$0 $0 $0
SHELLEY MITCHELL DIRECTOR 1.00
Director
$0 $0 $0
GREG MOORE DIRECTOR 1.00
Director
$0 $0 $0
SHERMAN NEAL DIRECTOR 1.00
Director
$0 $0 $0
MARKEIS SYAYLES DIRECTOR 1.00
Director
$0 $0 $0
ROD YOUNG DIRECTOR 1.00
Director
$0 $0 $0
HARPREET S CHAWLA TREASURER 3.00
Officer
$0 $0 $0
MICHAEL PEGUES VICE CHAIRMA 4.00
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 No data No data No data No data
2023 $106,597 $90,154 $76,442 $16,443
2021 $71,772 $46,168 $78,382 $25,604
2020 $73,207 $63,083 $52,778 $10,124
2019 $72,425 $55,240 $43,511 $17,185
2018 $43,827 $29,135 $25,469 $14,692
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