Skokie Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 362192571
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Skokie, IL, USA
- Phone
- 8476730240
- Rating
- 46
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $395,499
- Expenses
- $405,967
- Assets
- $68,786
- Liabilities
- $151,875
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- HOWARD MEYER (PRESIDENT & CEO)
- JOY SCHAEFER (IMM. PAST PRESIDENT)
Highest reported compensation
- HOWARD MEYER (PRESIDENT & CEO): $109,058 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Chamber of commerce functions, meetings, seminars and events promoting the development of local businesses.
What it reported doing in 2024
Networking and events promoting local businesses.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 10
- Transparency & Controls: 90
- Accountability: 61
- Sustainability: 20
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 11.4%; rating input score 11
- Program expense ratio: 11.1%; rating input score 11
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 95.8%; rating input score 96; 26th percentile among comparable filings
- Governance controls: 1 of 8 controls in place; rating input score 12
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -2.6%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 0.17; rating input score 10; 10th percentile among comparable filings
- Liabilities to assets ratio: 2.21; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 26.9%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: -9.4% per year; rating input score 0; 11th percentile among comparable filings
- Revenue growth: 0.4% per year; rating input score 100; 26th percentile among comparable filings
- Asset growth: -1.6% per year; rating input score 0; 19th percentile among comparable filings
Details
- Where the money goes: 11.4% of revenue deployed · 11.1% of spending went to programs
- Governance: 23 of 24 board members independent · 1 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $45K in reported program spending
- Leadership: top reported pay $109K · 23 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 2 filed schedules
- Filing history: 12 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Financial Efficiency: Mission deployment rate scored 11/100.
- High — Financial Efficiency: Program expense ratio scored 11/100.
- High — Accountability: Governance controls: 6 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 33/100.
- High — Sustainability: Total-asset coverage ratio scored 10/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- High — Sustainability: Officer compensation ratio scored 13/100.