THE PEORIA AREA CHAMBER OF COMMERCE

EIN: 370459010

PEORIA, IL

Total Revenue
$860,045
Total Expenses
$906,969
Total Assets
$369,699
Net Assets
$-47,722
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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
1911
Legal Domicile
IL
Principal Officer
JESSICA LINDER GALLO
Phone
3094955900
Tax Period
2023-01-01 to 2023-12-31

THE PEORIA AREA CHAMBER OF COMMERCE, founded in 1911, is a small nonprofit that reported $860K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

THE PEORIA AREA CHAMBER OF COMMERCE IS A MEMBERSHIP ORGANIZATION OF BUSINESSES, DELIVERING VALUE TO ITS MEMBERS BY 1) CULTIVATING A THRIVING BUSINESS COMMUNITY, 2) PRESENTING THE UNITED VOICE OF LOCAL BUSINESS TO GOVERNMENT, 3) OFFERING CONTINUOUS UPGRADED PRODUCTS AND SERVICES FOR BUSINESS ENHANCEMENT AND 4) PROVIDING STRATEGIC BUSINESS ADVISORY SERVICES.

Program Service Accomplishments

Program 1

THE ORGANIZATION HOLDS MEETINGS AND PERFORMS SERVICES FOR THE PURPOSE OF EDUCATING ITS MEMBERS AND THE PUBLIC, ASSIMILATING LOCAL BUSINESS DATA AND PROMOTING THE BUSINESS COMMUNITY IN THE PEORIA AREA.

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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 $0
Program Service Revenue $847,893
Investment Income $795
Other Revenue $11,357
TOTAL REVENUE $860,045

Expense Breakdown

Grants Paid $0
Salaries & Benefits $322,716
Fundraising Expenses $0
Other Expenses $584,253
TOTAL EXPENSES $906,969

Year-over-Year Comparison

2023 2022 Change
Revenue $860,045 $734,900 +0.2%
Expenses $906,969 $784,214 +0.2%
Net Income $-46,924 $-49,314 0.0%
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

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Governance

Voting Members
23
Independent Members
22
Employees
N/A
Volunteers
85

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
$209,220
Total Directors
23
$209,220
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSHUA GUNN President 1.00
Officer Director
$0 $21,171 $209,220
ANDY CAVE BOARD MEMBER 1.00
Director
$0 $0 $0
ANDRE ALLEN Chairman 1.00
Officer Director
$0 $0 $0
SHARON DESMOULIN-KHERAT BOARD MEMBER 1.00
Director
$0 $0 $0
JIM SIMMONS BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA GLEISSNER BOARD MEMBER 1.00
Director
$0 $0 $0
JD DALFONSO BOARD MEMBER 1.00
Director
$0 $0 $0
ZAK EDMONDS BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTELL FRAUSTO BOARD MEMBER 1.00
Director
$0 $0 $0
HENRY VICARY BOARD MEMBER 1.00
Director
$0 $0 $0
RON GIVENS BOARD MEMBER 1.00
Director
$0 $0 $0
JASON O'BRIEN BOARD MEMBER 1.00
Director
$0 $0 $0
SHARON GRAMM BOARD MEMBER 1.00
Director
$0 $0 $0
MARCELLUS SOMMERVILLE Treasurer 1.00
Officer Director
$0 $0 $0
ANGIE OSTASZEWSKI BOARD MEMBER 1.00
Director
$0 $0 $0
LARRY IVORY BOARD MEMBER 1.00
Director
$0 $0 $0
AIREN KUSTER BOARD MEMBER 1.00
Director
$0 $0 $0
JONATHAN WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
CINDY LOOS BOARD MEMBER 1.00
Director
$0 $0 $0
JASON MOTT BOARD MEMBER 1.00
Director
$0 $0 $0
JUSTIN BALL PAST CHAIR 1.00
Director
$0 $0 $0
MARK ROBERTS BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS SETTI BOARD 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
2024 No data No data No data No data
2023 $860,045 $906,969 $369,699 $-46,924
2022 $734,900 $784,214 $383,937 $-49,314
2021 $745,707 $735,014 $413,184 $10,693
2020 $642,798 $612,448 $386,618 $30,350
2019 $760,156 $727,552 $399,616 $32,604
2018 $766,763 $725,810 $379,551 $40,953
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