THE CHICAGO AREA GAY AND LESBIAN CHAMBER OF COMMERCE (EIN 364062617) - 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

1995

Legal Domicile

Principal Officer

COLIN GORMAN

Phone

7733030167

Tax Period

2020-01-01 to 2020-12-31

THE CHICAGO AREA GAY AND LESBIAN CHAMBER OF COMMERCE, founded in 1995, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $207K in total revenue in fiscal year 2020. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $32K, a strong 16% operating margin.

Mission

TO PROMOTE ECONOMIC OPPORTUNITIES FOR THE LGBT COMMUNITY BY BEING AN ADVOCATE AND RESOURCE FOR ALL MEMBER BUSINESSES THAT ENCORAGE EQUALITY.

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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 (2020)

Revenue Breakdown

Contributions & Grants $91,138

Program Service Revenue $115,710

Investment Income $0

Other Revenue $572

TOTAL REVENUE $207,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,823

Fundraising Expenses $33,489

Program Expenses $45,037

Other Expenses $76,409

TOTAL EXPENSES $175,232

Year-over-Year Comparison

	2020	2019	Change
Revenue	$207,420	$191,151	+0.1%
Expenses	$175,232	$197,838	-0.1%
Net Income	$32,188	$-6,687	-5.8%

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

N/A

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
MATT PHILLIPS	BOARD CHAIR PRESIDENT	10.00	Officer Director	$0	$0	$0
COLIN GORMAN	TREASURER	10.00	Officer Director	$0	$0	$0
OLIN EARGLE	MEMBER	1.00	Director	$0	$0	$0
JOHN LASHMETT	MEMBER	1.00	Director	$0	$0	$0
LATONYA FOURTE-LYLES	SECRETARY	10.00	Officer Director	$0	$0	$0
ROXANNE MEYER	VICE CHAIR/VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
MICHAEL NORDMAN	MEMBER	1.00	Director	$0	$0	$0
RICO RICKETSON	MEMBER	1.00	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
2020	$207,420	$175,232	$76,938	$32,188
2019	$191,151	$197,838	$40,063	$-6,687

THE CHICAGO AREA GAY AND LESBIAN CHAMBER OF COMMERCE