Lake County Chamber of Commerce (EIN 410827278) - 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

Principal Officer

Janelle A Jones

Phone

2188342600

Tax Period

2024-01-01 to 2024-12-31

Lake County Chamber of Commerce, founded in 1947, is a small nonprofit that reported $244K in total revenue in fiscal year 2024. Expenses of $227K left a modest 7% surplus.

Mission

To create and enhance a business climate in which the Chamber members will prosper

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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 $153,265

Program Service Revenue $90,800

Investment Income $155

Other Revenue $0

TOTAL REVENUE $244,220

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,088

Fundraising Expenses $0

Other Expenses $66,558

TOTAL EXPENSES $226,646

Year-over-Year Comparison

	2024	2023	Change
Revenue	$244,220	$237,249	+0.0%
Expenses	$226,646	$246,329	-0.1%
Net Income	$17,574	$-9,080	-2.9%

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

275

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

$59,483

Total Directors

$59,483

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Cavallin	Chair	2.00	Officer Director	$0	$0	$0
Amy Jordahl	Director	2.00	Director	$0	$0	$0
Kiera Wilson	Director	2.00	Director	$0	$0	$0
Darla Abrahamson	Director	2.00	Director	$0	$0	$0
Hayes Scriven	Chairperson	2.00	Director	$0	$0	$0
Warren Miller	Director	2.00	Director	$0	$0	$0
Jake Kuschke	Director	2.00	Director	$0	$0	$0
Chad Nordean	Director	2.00	Director	$0	$0	$0
William Wilson	Director	2.00	Director	$0	$0	$0
Nick Osbakken	Director	2.00	Director	$0	$0	$0
Jay Belcastro	Director	2.00	Director	$0	$0	$0
Ruth Rabold	Director	2.00	Director	$0	$0	$0
Bill Olson	Director	2.00	Director	$0	$0	$0
Dan Fuentes	Director	2.00	Director	$0	$0	$0
Sara Zeleznikar	Director	2.00	Director	$0	$0	$0
Tucker Bright	Director	2.00	Director	$0	$0	$0
Janelle A Jones	President and CEO	40.00	Officer Director	$59,483	$0	$59,483

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	$244,220	$226,646	$75,687	$17,574
2023	$237,249	$246,329	$68,533	$-9,080
2022	$228,974	$236,332	$53,005	$-7,358
2021	$213,784	$177,332	$61,015	$36,452
2020	$51,691	$35,765	$23,911	$15,926
2019	$168,277	$226,854	$9,066	$-58,577

Lake County Chamber of Commerce