HERRIN CHAMBER OF COMMERCE (EIN 370618499) - 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

1947

Legal Domicile

Phone

6189425163

Tax Period

2024-01-01 to 2024-12-31

HERRIN CHAMBER OF COMMERCE, founded in 1947, is a small nonprofit that reported $219K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $76K, a strong 35% operating margin.

Mission

TO PROMOTE THE CITY OF HERRIN, IL

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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 (2024)

Revenue Breakdown

Contributions & Grants $100,144

Program Service Revenue $0

Investment Income $1,912

Other Revenue $117,313

TOTAL REVENUE $219,369

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,370

Fundraising Expenses $0

Program Expenses $143,049

Other Expenses $101,679

TOTAL EXPENSES $143,049

Year-over-Year Comparison

	2024	2023	Change
Revenue	$219,369	$193,869	+0.1%
Expenses	$143,049	$154,497	-0.1%
Net Income	$76,320	$39,372	+0.9%

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

$20,289

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY WATSON	EXECUTIVE DIRECTOR	40.00	Officer	$20,289	$0	$20,289
TERESA CAMARATO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HAYS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID STACEY	DIRECTOR	1.00	Director	$0	$0	$0
BILL SWINFORD	DIRECTOR	1.00	Director	$0	$0	$0
JOE HELLENY	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEE SPILLER	DIRECTOR	1.00	Director	$0	$0	$0
RYAN JERALDS	DIRECTOR	1.00	Director	$0	$0	$0
LISA LUKENS	DIRECTOR	1.00	Director	$0	$0	$0
EVAN COLLIER	DIRECTOR	1.00	Director	$0	$0	$0
KARINA NEILL	DIRECTOR	0.00	Director	$0	$0	$0
EJ BONNER	DIRECTOR	1.00	Director	$0	$0	$0
MARK GOLDMAN	DIRECTOR	1.00	Director	$0	$0	$0
MARK KOCHAN	DIRECTOR	0.00	Director	$0	$0	$0
TERRA TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
KELLY GREEN	TREASURER	1.00	Officer	$0	$0	$0
CRIS TRAPANI	SECRETARY	11.00	Officer	$0	$0	$0
RHIANNON STORM	PRESIDENT	1.00	Officer	$0	$0	$0
QUINN LAIRD	PAST PRESIDENT	1.00	Officer	$0	$0	$0
SHELLY HUGGINS	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JULIE CHRIST	VICE PRESIDENT	1.00	Officer	$0	$0	$0
TAMMY GWALTNEY	DIRECTOR	1.00	Officer	$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	$219,369	$143,049	$597,545	$76,320
2023	$193,869	$154,497	$521,225	$39,372
2022	$208,121	$114,709	$481,853	$93,412
2021	$125,011	$77,223	$388,441	$47,788
2020	$49,082	$84,685	$340,653	$-35,603
2019	$209,334	$157,163	$392,341	$52,171
2018	$109,217	$168,922	$401,837	$-59,705

HERRIN CHAMBER OF COMMERCE