MORTON CHAMBER OF COMMERCE

EIN: 370856139 Community Improvement

MORTON, IL

Total Revenue
$401,662
Total Expenses
$468,985
Total Assets
$341,786
Net Assets
$250,087
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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
1955
Legal Domicile
IL
Phone
3092632491
Tax Period
2024-01-01 to 2024-12-31

MORTON CHAMBER OF COMMERCE, founded in 1955, is a small nonprofit in the Community Improvement sector that reported $402K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $469K exceeded revenue, resulting in a 17% operating deficit.

Mission

IMPLEMENT PROGRAMS AND INITIATIVES THAT STRENGTHEN LOCAL BUSINESSES AND ENHANCE THE MORTON 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 (2024)

Revenue Breakdown

Contributions & Grants $304,291
Program Service Revenue $0
Investment Income $13,362
Other Revenue $84,009
TOTAL REVENUE $401,662

Expense Breakdown

Grants Paid $0
Salaries & Benefits $277,974
Fundraising Expenses $0
Program Expenses $466,425
Other Expenses $191,011
TOTAL EXPENSES $468,985

Year-over-Year Comparison

2024 2023 Change
Revenue $401,662 $498,810 -0.2%
Expenses $468,985 $566,036 -0.2%
Net Income $-67,323 $-67,226 +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
15
Independent Members
15
Employees
N/A
Volunteers
15

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
4
$0
Total Directors
11
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RACHEL BERCHTOLD DIRECTOR 1.00
Director
$0 $0 $0
APRIL HARMON DIRECTOR 1.00
Director
$0 $0 $0
ERIC HERMAN DIRECTOR 1.00
Director
$0 $0 $0
ALICIA HOLDEN DIRECTOR 1.00
Director
$0 $0 $0
SHANE HUNT DIRECTOR 1.00
Director
$0 $0 $0
JOE SANDER DIRECTOR 1.00
Director
$0 $0 $0
JEREMY SHORT DIRECTOR 1.00
Director
$0 $0 $0
SCOTT VAN ETTEN DIRECTOR 1.00
Director
$0 $0 $0
JOLYNN WEILER DIRECTOR 1.00
Director
$0 $0 $0
TRICIA YORDY DIRECTOR 1.00
Director
$0 $0 $0
NICK ZOBRIST DIRECTOR 1.00
Director
$0 $0 $0
AMANDA MILLER PRESIDENT 1.00
Officer
$0 $0 $0
JESSICA VASQUEZ VICE PRESIDEDNT 1.00
Officer
$0 $0 $0
JOHN HEAL TREASURER 1.00
Officer
$0 $0 $0
MICHELE PETERSON BOARD REPRESENTATIVE 1.00
Officer
$0 $0 $0
KIMBERLY A LITWILLER CHIEF EXECUTIVE OFFICER 40.00
Key Emp
$0 $0 $0
JACQUE AUSTIN PAST PRESIDENT 1.00
$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 $401,662 $468,985 $341,786 $-67,323
2022 $555,411 $524,460 $480,136 $30,951
2021 $586,478 $501,691 $454,119 $84,787
2020 $330,570 $415,736 $355,234 $-85,166
2019 $476,992 $492,198 $435,270 $-15,206
2018 $438,584 $455,094 $460,780 $-16,510
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