THE PEORIA CHAMBER OF COMMERCE

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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

1919

Legal Domicile

Principal Officer

RHONDA CARLSON

Phone

6239793601

Tax Period

2024-07-01 to 2025-06-30

THE PEORIA CHAMBER OF COMMERCE, founded in 1919, is a small nonprofit in the Community Improvement sector that reported $244K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

THE PEORIA CHAMBER OF COMMERCE IS AN ADVOCATE FOR BUSINESS, ENCOURAGING THE ENTREPRENEURIAL SPIRIT WHILE PROUDLY DISPLAYING OUR PATRIOTISM AND PROMOTING OUR DIVERSE COMMUNITY WITH HONOR AND INTEGRITY

Program Service Accomplishments

Program 1

ANNUAL BUSINESS DIRECTORY AND COMMUNITY GUIDE, MONTHLY NEWSLETTER, HOSPITALITY GUIDE AND MAPS EVERY 2 YEARS. THE CHAMBER ALSO HAS A WEBSITE AND OFFERS MEMBER PROFILES FOR EACH MEMBER. FOUR NETWORKING MEETINGS EACH MONTH, MONTHLY EDUCATIONAL WORKSHOPS ALONG WITH RIBBON CUTTINGS AND OTHER SPECIAL EVENTS

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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 $199,208

Program Service Revenue $0

Investment Income $5,689

Other Revenue $39,442

TOTAL REVENUE $244,339

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,402

Fundraising Expenses $0

Program Expenses $21,942

Other Expenses $88,312

TOTAL EXPENSES $249,714

Year-over-Year Comparison

	2024	2023	Change
Revenue	$244,339	$285,248	-0.1%
Expenses	$249,714	$212,055	+0.2%
Net Income	$-5,375	$73,193	-1.1%

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

N/A

Independent Members

N/A

Employees

Volunteers

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

$86,368

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM MCPHETERS	SECRETARY	2.00	Officer	$0	$0	$0
LAURIE LEDGERWOOD	CHAIRMAN	2.00	Officer	$0	$0	$0
ADAM CARY	TREASURER	2.00	Officer	$0	$0	$0
RHONDA CARLSON	PRESIDENT	40.00	Key Emp	$85,000	$1,368	$86,368

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	$244,339	$249,714	$205,938	$-5,375
2024	$285,248	$212,055	$214,311	$73,193
2023	$242,672	$297,636	$144,292	$-54,964
2022	$328,023	$274,155	$199,960	$53,868
2021	$304,225	$293,759	$197,347	$10,466
2020	$259,175	$296,170	$31,072	$-36,995
2019	$325,037	$323,684	$36,757	$1,353
2018	$285,089	$251,385	$37,440	$33,704