SCHAUMBURG BUSINESS ASSOCIATION (EIN 364445515) - 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

2001

Legal Domicile

Principal Officer

RACHEL VONDRASEK

Phone

8474131010

Tax Period

2023-01-01 to 2023-12-31

SCHAUMBURG BUSINESS ASSOCIATION, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $873K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $745K left a modest 15% surplus.

Mission

TO PROMOTE THE DEVELOPMENT OF THE ECONOMIC AND BUSINESS ENVIRONMENT OF THE VILLAGE OF SCHAUMBURG, ILLINOIS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $528,392

Program Service Revenue $299,920

Investment Income $14,290

Other Revenue $30,330

TOTAL REVENUE $872,932

Expense Breakdown

Grants Paid $0

Salaries & Benefits $422,792

Fundraising Expenses $0

Program Expenses $745,344

Other Expenses $322,552

TOTAL EXPENSES $745,344

Year-over-Year Comparison

	2023	2022	Change
Revenue	$872,932	$776,316	+0.1%
Expenses	$745,344	$711,562	+0.0%
Net Income	$127,588	$64,754	+1.0%

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
SCOTT FELGENHAUER	BOARD OF DIR	N/A	Director	$0	$0	$0
MATT FRANK	VICE CHAIR P	N/A	Director	$0	$0	$0
SANDRA GALLARDO	BOARD OF DIR	N/A	Director	$0	$0	$0
MATT HANCOCK	VICE CHAIR P	N/A	Director	$0	$0	$0
TIM KOELZER	BOARD OF DIR	N/A	Director	$0	$0	$0
MARK KOLAR	BOARD OF DIR	N/A	Director	$0	$0	$0
TONY LAFRENERE	VICE CHAIRPE	N/A	Director	$0	$0	$0
HEATHER LARSON	BOARD OF DIR	N/A	Director	$0	$0	$0
MICHAEL LARSON	BOARD OF DIR	N/A	Director	$0	$0	$0
HEATHER LLOYD	BOARD OF DIR	N/A	Director	$0	$0	$0
THEODORE MCGINN	CHAIR PERSON	N/A	Director	$0	$0	$0
ADOLF MONDACA	BOARD OF DIR	N/A	Director	$0	$0	$0
TIM NYQUIST	BOARD OF DIR	N/A	Director	$0	$0	$0
PATRICK PANAYOTOV	CHAIR ELECT	N/A	Director	$0	$0	$0
PATRICK PANAYOTOV	CHAIR ELECT	N/A	Director	$0	$0	$0
RON ROBERTI	BOARD OF DIR	N/A	Director	$0	$0	$0
RON ROBERTI	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
KARI-ANN B RYAN	IMMED PAST C	N/A	Director	$0	$0	$0
CHRISTOPHER SCHIEL	BOARD OF DIR	N/A	Director	$0	$0	$0
JULIE SCHMIDT	BOARD OF DIR	N/A	Director	$0	$0	$0
MICHELE SMITH	BOARD OF DIR	N/A	Director	$0	$0	$0
WILLIAM SUTTON	BOARD OF DIR	N/A	Director	$0	$0	$0
WILLIAM SUTTON	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
KASHYAP V TRIVEDI	BOARD OF DIR	N/A	Director	$0	$0	$0
PRATIK TRIVEDI	BOARD OF DIR	N/A	Director	$0	$0	$0
LORI URBANIEC	BOARD OF DIR	N/A	Director	$0	$0	$0
RACHEL VONDRASEK	TREASURER	2.00	Director	$0	$0	$0
RANDY YU	BOARD OF DIR	N/A	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	$872,932	$745,344	$614,509	$127,588
2022	$776,316	$711,562	$510,931	$64,754
2021	$753,875	$663,941	$431,788	$89,934
2020	$714,734	$679,761	$338,997	$34,973
2019	$854,509	$861,897	$236,409	$-7,388
2018	$803,373	$816,750	$247,185	$-13,377

SCHAUMBURG BUSINESS ASSOCIATION