MAHOMET AREA CHAMBER OF COMMERCE

EIN: 371137731

MAHOMET, IL

Total Revenue
$200,641
Total Expenses
$238,972
Total Assets
$16,672
Net Assets
$-12,140
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
IL
Tax Period
2023-01-01 to 2023-12-31

MAHOMET AREA CHAMBER OF COMMERCE, founded in 1997, is a small nonprofit that reported $201K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $239K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE MAHOMET AREA CHAMBER OF COMMERCE WORKS COLLECTIVELY TO UNDERSTAND MEMBERS NEEDS AND HELP BENEFIT BUSINESSES IN THEIR NEEDS AS WELL AS THEIR GROWTH

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $200,476
Program Service Revenue $0
Investment Income $165
Other Revenue $0
TOTAL REVENUE $200,641

Expense Breakdown

Grants Paid $4,229
Salaries & Benefits $80,794
Fundraising Expenses $83,836
Program Expenses $17,645
Other Expenses $153,949
TOTAL EXPENSES $238,972

Year-over-Year Comparison

2023 2022 Change
Revenue $200,641 $281,285 -0.3%
Expenses $238,972 $272,729 -0.1%
Net Income $-38,331 $8,556 -5.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
12
Independent Members
12
Employees
6
Volunteers
12

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
14
$0
Key Employees
2
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAMMIE MEERDINK BOARD MEMBER 0.25
Director
$0 $0 $0
ALY JACKSON BOARD MEMBER 0.25
Director
$0 $0 $0
SATESHA PATEL BOARD MEMBER 0.25
Director
$0 $0 $0
STEPHANIE DENBY BOARD MEMBER 0.25
Director
$0 $0 $0
KENNY LEE EX-OFFICIO 0.25
Director
$0 $0 $0
PATRICK BROWN EX-OFFICIO 0.25
Director
$0 $0 $0
MAGGIE BAKER BOARD MEMBER 0.25
Director
$0 $0 $0
DARWYN BOSTON SECRETARY 0.25
Director
$0 $0 $0
ALAN SINGLETON BOARD MEMBER 0.25
Director
$0 $0 $0
ELIZABETH MCDERMITH BOARD MEMBER 0.25
Director
$0 $0 $0
ALAN SINGLETON CHAIRMAN 4.00
Officer Director
$0 $0 $0
NICK SCHNEIDER TREASURER 4.00
Officer Director
$0 $0 $0
JESSICA HANSON VICE CHAIRMAN 4.00
Officer Director
$0 $0 $0
MICHAEL HERNANDEZ CHAIRMAN 4.00
Officer Director
$0 $0 $0
RHONDA MCDONOUGH-VIERING ADMINISTRATIVE ASSISTANT 20.00
Key Emp
$0 $0 $0
JENNIFER COUGILL EXECUTIVE DIRECTOR 40.00
Key Emp
$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
2023 $200,641 $238,972 $16,672 $-38,331
2022 $281,285 $272,729 $30,286 $8,556
Explore More Nonprofits
→Top 100 Nonprofits in Illinois →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare MAHOMET AREA CHAMBER OF COMMERCE with other nonprofits in Illinois and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.