Park Ridge Chamber of Commerce

Nonprofit profile at a glance

EIN
362055331
IRS 990-EZ coverage
2020–2022
Forms available
Form 990 2019, Form 990-EZ 2022
Location
Park Ridge, IL, USA
Phone
8478253121
Rating confidence
Limited

Reported finances

Revenue
$131,664
Expenses
$197,756
Assets
$95,689
Liabilities
$214,716

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • MARKO RATIC (PRESIDENT)
  • JACQUELINE MATHEWS (EXECUTIVE DIRECTOR)

People named in this filing

  • ANNA WASYLIW (TREASURER)
  • MARKO RATIC (PRESIDENT)
  • JOHN MCNABOLA (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The park ridge chamber of commerce is a non-profit non-partisan organization whose mission is to provide support and leadership to the business and professional community within the city of park ridge.the chamber will work toward developing, maintaining, and strengthening the business and professonal community so that park ridge remembers to live and to work.

What it reported doing in 2022

1) to advance the economic, industrial, professional, cultural and civic welfare of the park ridge area2) to coordinate the efforts of the commerce, industry and the professions in maintaining and strengthening a sound and healthy business climate in the park ridge area.3) to sponsor aggressive programs of work and stimulating activities that will provide for full development and employment of our human and economic resources 4) to provide and coordinate creative voluntary leadership from commerce, industry, service professionals and all interested parties to solve community problems and to initiate constructive action.

Operating model

Revenue model
Donor-supported. 88% of the money available for current operations came from contributions and gifts.
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
  • Sustainability: 12
  • Growth: 0

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -50.2%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0.48; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: 2.24; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 50.6%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -0.1% per year; rating input score 0; 26th percentile among comparable filings
  • Asset growth: -0.2% per year; rating input score 0; 26th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2020 to 2022
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.

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 2/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.