MCHENRY AREA CHAMBER OF COMMERCE FOUNDATION (EIN 471967783) - 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

2014

Legal Domicile

Principal Officer

MOLLY OSTAP

Phone

8153854300

Tax Period

2023-01-01 to 2023-12-31

MCHENRY AREA CHAMBER OF COMMERCE FOUNDATION, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $257K in total revenue in fiscal year 2023. Expenses of $293K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO ASSIST PRESENT AND FUTURE BUSINESS LEADERS BY PROVIDING FINANCIAL AND EDUCATIONAL RESOURCES TO STRENGTHEN THE CHAMBER'S SERVICE AREA BUSINESS COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $256,968

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $256,968

Expense Breakdown

Grants Paid $249,879

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $292,854

Other Expenses $43,416

TOTAL EXPENSES $293,295

Year-over-Year Comparison

	2023	2022	Change
Revenue	$256,968	N/A	N/A
Expenses	$293,295	N/A	N/A
Net Income	$-36,327	$0	N/A

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

N/A

Volunteers

925

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

$138,165

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BECKY KIRCHNER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CARL VILLIANATOS	1ST VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
KAY REISSIG	2ND VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
KATE MALMSTEDT	TREASURER	1.00	Officer Director	$0	$0	$0
LEEJAY STEWART	CORPORATE SECRETARY	1.00	Officer Director	$0	$0	$0
STEPHANIE BARRONS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE DITZLER	DIRECTOR	1.00	Director	$0	$0	$0
VICKIE DRENDEL	DIRECTOR	1.00	Director	$0	$0	$0
ADAM HARVILLE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER HUNT	DIRECTOR	1.00	Director	$0	$0	$0
DOUG MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
LORI MERCURE-WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
KELLY MONESTRO	DIRECTOR	1.00	Director	$0	$0	$0
TODD MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
DENNY NORTON	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA SCHNEIDER	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN SHAW	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS STAMBORSKI	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE SZYMCZAK	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY OSTAP	PRESIDENT	5.00	Officer	$0	$0	$138,165

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	$256,968	$293,295	$26,856	$-36,327

MCHENRY AREA CHAMBER OF COMMERCE FOUNDATION