South Shore Chamber Community Development Corp

EIN: 364265009 501(c)(3) Community Improvement

Chicago, IL

Total Revenue
$1,989,918
Total Expenses
$1,166,050
Total Assets
$1,759,138
Net Assets
$1,092,907
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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
1998
Legal Domicile
IL
Principal Officer
Tonya Trice
Phone
7739559508
Tax Period
2023-01-01 to 2023-12-31

South Shore Chamber Community Development Corp, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $824K, a strong 41% operating margin.

Mission

Small business development, training & seminars

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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 $1,750,619
Program Service Revenue $201,488
Investment Income $2,756
Other Revenue $35,055
TOTAL REVENUE $1,989,918

Expense Breakdown

Grants Paid $0
Salaries & Benefits $275,679
Fundraising Expenses $188,370
Program Expenses $905,668
Other Expenses $890,371
TOTAL EXPENSES $1,166,050

Year-over-Year Comparison

2023 2022 Change
Revenue $1,989,918 $1,289,149 +0.5%
Expenses $1,166,050 $1,092,016 +0.1%
Net Income $823,868 $197,133 +3.2%
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
15
Independent Members
15
Employees
4
Volunteers
10

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
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cory Thames Chairman 2.00
Officer Director
$0 $0 $0
Helena Wright Vice Chairman 2.00
Officer Director
$0 $0 $0
Michelle Redd Vice Chairman 2.00
Officer Director
$0 $0 $0
Linda Sanders Secretary 2.00
Officer Director
$0 $0 $0
Jerald Gary Board Member 2.00
Director
$0 $0 $0
Dr Maureen M Wright Board Member 2.00
Director
$0 $0 $0
Pamela Gates Board Member 2.00
Director
$0 $0 $0
Shantenae Robinson Board Member 2.00
Director
$0 $0 $0
Eli Williamson Board Member 2.00
Director
$0 $0 $0
Gerald Williams Board Member 2.00
Director
$0 $0 $0
Joyce Gibson Board Member 2.00
Director
$0 $0 $0
Christopher Brooks Board Member 2.00
Director
$0 $0 $0
Keiana Barrett Board Member 2.00
Director
$0 $0 $0
Ronald Milsap Board Member 2.00
Director
$0 $0 $0
Maureen McKenna Board Member 2.00
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
2024 No data No data No data No data
2023 $1,989,918 $1,166,050 $1,759,138 $823,868
2023 $1,911,023 $1,131,400 $1,692,271 $779,623
2022 $1,289,149 $1,092,016 $354,431 $197,133
2021 $976,693 $853,655 $147,923 $123,038
2020 $476,433 $437,203 $78,229 $39,230
2019 $289,653 $374,839 $14,111 $-85,186
2018 $227,316 $210,439 $78,126 $16,877
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