GREATER MARION AREA CHAMBER OF COMMERCE

EIN: 370605237

MARION, IL

Total Revenue
$289,546
Total Expenses
$263,735
Total Assets
$245,014
Net Assets
$244,498
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1923
Legal Domicile
IL
Principal Officer
KAREN MULLINS
Phone
6189976311
Tax Period
2024-01-01 to 2024-12-31

GREATER MARION AREA CHAMBER OF COMMERCE, founded in 1923, is a small nonprofit that reported $290K in total revenue in fiscal year 2024. Expenses of $264K left a modest 9% surplus.

Mission

FOR OVER 100 YEARS, THE MARION CHAMBER OF COMMERCE HAS MENTORED A DYNAMIC BUSINESS COMMUNITY TO MEET THE NEEDS OF OUR REGION. OUR PROGRAMS AND PROJECTS WORK TO GROW, ENGAGE, AND CONNECT CURRENT AND FUTURE BUSINESSES AND LEADERS IN OUR COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $11,837 Revenue: $26,660

GOLF DAY - THE MARION CHAMBER OF COMMERCE GOLF SCRAMBLE IS AN EVENT THAT FUNDS PROJECTS TIED TO THE CHAMBER'S MISSION AND OPERATION EXPENSES. PARTICIPANTS ENJOY NETWORKING, DELICIOUS FOOD, AND...

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GOLF DAY - THE MARION CHAMBER OF COMMERCE GOLF SCRAMBLE IS AN EVENT THAT FUNDS PROJECTS TIED TO THE CHAMBER'S MISSION AND OPERATION EXPENSES. PARTICIPANTS ENJOY NETWORKING, DELICIOUS FOOD, AND INTERACTIVE GAMES.

Program 2
Expenses: $18,700 Revenue: $42,036

ANNUAL DINNER - A SEMI FORMAL EVENT WHERE COMMUNITY PARTNERS, THE CHAMBER MEMBERSHIP, AND THEIR GUESTS REFLECT ON THE PAST YEAR AT THE CHAMBER AND CELEBRATE OUR 'OF THE YEAR' AWARD HONOREES THAT...

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ANNUAL DINNER - A SEMI FORMAL EVENT WHERE COMMUNITY PARTNERS, THE CHAMBER MEMBERSHIP, AND THEIR GUESTS REFLECT ON THE PAST YEAR AT THE CHAMBER AND CELEBRATE OUR 'OF THE YEAR' AWARD HONOREES THAT SPOTLIGHT LEADERSHIP, COMMUNITY ENRICHMENT, DEDICATION TO OUR REGION, AND FUTURE VISION AND DEVELOPMENT: DISTINGUISHED MEMBER, DISTINGUISHED BUSINESS, CITIZEN OF THE YEAR, YOUNG PROFESSIONAL LEADERSHIP, LIFETIME ACHIEVEMENT, AND AWARD OF EXCELLENCE.

Program 3
Expenses: $7,889 Revenue: $8,374

LEADERSHIP MARION - OUR APOGEE PROFESSIONAL DEVELOPMENT EVENT IS WHERE INNOVATION, IMAGINATION, AND RESOURCEFULNESS CONVERGE TO PROPEL OUR REGION FORWARD. OUR COMMITMENT TO LEARNING AND LEADERSHIP...

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LEADERSHIP MARION - OUR APOGEE PROFESSIONAL DEVELOPMENT EVENT IS WHERE INNOVATION, IMAGINATION, AND RESOURCEFULNESS CONVERGE TO PROPEL OUR REGION FORWARD. OUR COMMITMENT TO LEARNING AND LEADERSHIP SHAPES THE WORK ENVIRONMENT WE ASPIRE TO BE A PART OF --- ONE THAT IS WELCOMING, INNOVATIVE, AND SUPPORTIVE OF GROWTH. THIS EVENT USUSALLY TAKES PLACE IN THE FALL WITH SUPPORTIVE POTENTIAL QUARTERLY PROGRAMMING. THE AUDIENCE IS YOUTH IN LEADERSHIP AND WORKING ADULTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $144,360
Program Service Revenue $77,095
Investment Income $8,291
Other Revenue $59,800
TOTAL REVENUE $289,546

Expense Breakdown

Grants Paid $0
Salaries & Benefits $110,442
Fundraising Expenses $0
Program Expenses $80,619
Other Expenses $153,293
TOTAL EXPENSES $263,735

Year-over-Year Comparison

2024 2023 Change
Revenue $289,546 $271,202 +0.1%
Expenses $263,735 $261,974 +0.0%
Net Income $25,811 $9,228 +1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
3
Volunteers
150

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
6
$0
Total Directors
21
$56,238
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICK HOLDINGHAUSEN DIRECTOR 0.00
Director
$0 $0 $0
JEREMY PINKSTON DIRECTOR 0.00
Director
$0 $0 $0
BILL COX SECRETARY 0.00
Officer Director
$0 $0 $0
DEBORAH HOGG CHAIR 0.00
Officer Director
$0 $0 $0
SANDRA MANN DIRECTOR 0.00
Director
$0 $0 $0
TONI PERKINS VICE CHAIR 0.00
Officer Director
$0 $0 $0
JULIE CAMPBELL DIRECTOR 0.00
Director
$0 $0 $0
ALICIA DAVIS DIRECTOR 0.00
Director
$0 $0 $0
KIMBERLY WALKER TREASURER 0.00
Officer Director
$0 $0 $0
MATT CARNAGHI 2ND VICE CHAIR 0.00
Officer Director
$0 $0 $0
JASON POWELL DIRECTOR 0.00
Director
$0 $0 $0
MICHELLE HAMILTON IMMEDIATE PAST CHAIR 0.00
Director
$0 $0 $0
AMANDA THROGMORTON DIRECTOR 0.00
Director
$0 $0 $0
MEGAN ZELLER DIRECTOR 0.00
Officer Director
$0 $0 $0
TYLER PATTON DIRECTOR 0.00
Director
$0 $0 $0
JOHN HOLST DIRECTOR 0.00
Director
$0 $0 $0
CALE NEWLIN DIRECTOR 0.00
Director
$0 $0 $0
KAREN MULLINS EXECUTIVE DIRECTOR 40.00
Director
$56,238 $0 $56,238
CARL LANGE DIRECTOR 0.00
Director
$0 $0 $0
ASHLEY GOTT DIRECTOR 0.00
Director
$0 $0 $0
MATT MONCHINO DIRECTOR 0.00
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 $289,546 $263,735 $245,014 $25,811
2023 $271,202 $261,974 $221,100 $9,228
2022 $192,502 $209,120 $212,419 $-16,618
2021 $198,794 $175,992 $229,161 $22,802
2020 $221,532 $184,518 $205,439 $37,014
2019 $319,033 $264,845 $168,058 $54,188
2018 $212,178 $244,582 $121,168 $-32,404
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