Palestine Chamber of Commerce (EIN 376047535) - 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

1950

Legal Domicile

Principal Officer

Dessie Carr

Phone

6185862222

Tax Period

2024-01-01 to 2024-12-31

Palestine Chamber of Commerce, founded in 1950, is a small nonprofit that reported $354K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $309K left a modest 13% surplus.

Mission

To raise funds for civic improvement and help attract new industry to Palestine, 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 $65,573

Program Service Revenue $281,404

Investment Income $5,280

Other Revenue $1,948

TOTAL REVENUE $354,205

Expense Breakdown

Grants Paid $8,273

Salaries & Benefits $24,346

Fundraising Expenses $0

Program Expenses $160,012

Other Expenses $276,757

TOTAL EXPENSES $309,376

Year-over-Year Comparison

	2024	2023	Change
Revenue	$354,205	$312,287	+0.1%
Expenses	$309,376	$264,032	+0.2%
Net Income	$44,829	$48,255	-0.1%

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

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marcus Deckard	1 Year Director	5.00	Director	$0	$0	$0
Robert York	1 Year Director	5.00	Director	$0	$0	$0
Luke McNair	1 Year Director	5.00	Director	$0	$0	$0
Jenna Aldrich	2 Year Director	5.00	Director	$0	$0	$0
Cindy York	2 Year Director	5.00	Director	$0	$0	$0
Martin Hunter	2 Year Director	5.00	Director	$0	$0	$0
Lisa Clark	President	15.00	Officer	$0	$0	$0
Elija Plummer	Vice President	15.00	Officer	$0	$0	$0
Janice Fuller	Past President Director	15.00	Officer	$0	$0	$0
Laura White	Secretary	15.00	Officer	$0	$0	$0
Dessie Carr	Treasurer	15.00	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
2025	No data	No data	No data	No data
2024	$354,205	$309,376	$321,231	$44,829
2023	$312,287	$264,032	$283,001	$48,255
2022	$296,477	$263,331	$236,376	$33,146
2021	$242,408	$238,920	$198,295	$3,488
2020	$-6,416	$51,126	$194,886	$-57,542

Palestine Chamber of Commerce