BELMONT CENTRAL CHAMBER OF COMMERCE

EIN: 366118338

CHICAGO, IL

Total Revenue
$309,780
Total Expenses
$81,934
Total Assets
$242,711
Net Assets
$242,711
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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
1969
Legal Domicile
IL
Principal Officer
THOMAS REID MACKIN
Phone
7736471644
Tax Period
2022-01-01 to 2022-12-31

BELMONT CENTRAL CHAMBER OF COMMERCE, founded in 1969, is a small nonprofit that reported $310K in total revenue in fiscal year 2022. Revenue surged 491% from the prior year, signaling strong growth momentum. The organization ran a surplus of $228K, a strong 74% operating margin.

Mission

Business membership organization that provides significant educational opportunities to its membership.

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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 (2022)

Revenue Breakdown

Contributions & Grants $6,801
Program Service Revenue $301,339
Investment Income $2,634
Other Revenue $-994
TOTAL REVENUE $309,780

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,144
Fundraising Expenses $0
Program Expenses $81,934
Other Expenses $45,790
TOTAL EXPENSES $81,934

Year-over-Year Comparison

2022 2021 Change
Revenue $309,780 $52,374 +4.9%
Expenses $81,934 $45,358 +0.8%
Net Income $227,846 $7,016 +31.5%
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
6
Independent Members
6
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
0
$0
Total Directors
6
$36,144
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS REID MACKIN EXECUTIVE DIRECTOR 40
Director
$31,200 $4,944 $36,144
LAWRENCE LYNCH BOARD PRESIDENT 1
Director
$0 $0 $0
DAVID POTETE TREASURER 1
Director
$0 $0 $0
MICHAEL PLANTHABER DIRECTOR 1
Director
$0 $0 $0
CESAR LOPEZ DIRECTOR 1
Director
$0 $0 $0
DANIELA DURAND DIRECTOR 1
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
2022 $309,780 $81,934 $242,711 $227,846
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