Illinois Chamber of Commerce

Nonprofit profile at a glance

EIN
361254650
IRS 990 coverage
2013–2024
Forms available
Form 990 2024, Form 990-N 2023
Location
Springfield, IL, USA
Phone
2175225512
Rating confidence
Limited

Official website

Reported finances

Revenue
$2,537,676
Expenses
$2,610,056
Assets
$1,569,968
Liabilities
$2,740,882

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

58 people listed

Executive titles in this filing

  • LOUIS SANDOVAL (CEO)

Highest reported compensation

  • LOUIS SANDOVAL (CEO): $275,480 total reported compensation
  • LORI HILTABRAND (COO & GENERAL COUNSEL): $216,117 total reported compensation
  • JORDAN RYAN (DIRECTOR OF GOVERNMENT AFFAIRS): $104,566 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The unifying leader of policies that support growth in Illinois' dynamic and diverse economy. This is done through various means, one of which is aggressively advocate the interest of business. Its vision is a vibrant and prosperous future for Illinois.

What it reported doing in 2024

The largest program of the chamber is that of business advocacy. Institutionally this is entitled: government affairs. Through the government affairs committee and legislative staff, the chamber has prevented some legislation from passing that would have had a negative impact on the cost of doing business in Illinois. In addition, through the staff, the chamber has lessened impacts, initially planned by some legislators and focused on businesses, of some legislation. Finally, the chamber also initiates and supports legislation to improve the business climate in Illinois.

Operating model

Revenue model
Earned-program. 92% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Accountability: 95
  • Sustainability: 19
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -2.9%; rating input score 24; 24th percentile among comparable filings
  • Total-asset coverage ratio: 0.6; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 1.75; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 22.8%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -3% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 0.5% per year; rating input score 100; 14th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 55 of 55 board members independent · 8 of 9 filing controls reported
  • Programs: 2 filed program accomplishments
  • Leadership: top reported pay $275K · 58 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $103K reported
  • Consistency: 12 of 12 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 11 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 24/100.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.