Marengo-union Chamber of Commerce
501(c)(6)Community
Only null% goes to programs Strong reserves Growing revenue
Marengo-union Chamber of Commerce is a 501(c)(6) organization based in Marengo, Illinois, registered in 2005, with $58,795 in FY2024 revenue. CharityIndex grades it B.
116 S State St, Marengo, IL, 60152 EIN 36-2840743 Since 2005
Revenue (FY2024)
$59K
▼ 9.3% vs prior year
Community median: $184K
Expenses (FY2024)
$55K
Net assets
$32K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Marengo-union Chamber of Commerce— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · +7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Marengo-union Chamber of Commerce: 7 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Marengo-union Chamber of Commerce— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Marengo-union Chamber of Commerce: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 116 S State St, Marengo, IL, 60152
- City
- Marengo
- State
- Illinois
- Subcategory
- Business & Industry Associations
- Website
- …
Financial trends
Revenue declined from $71K (FY2011) to $59K (FY2024) across 14 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $30KNet assets $32K
Operating margin
7.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$61K
Total liabilities
$30K
Net assets
$32K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $58,795▼9.3% | $54,691▼15.8% | $31,754▲14.8% | $61,471▲18.7% | 990EZ |
| 2023 | $64,836▲13.5% | $64,954▲14.6% | $27,650▼0.4% | $51,804▼1.2% | 990EZ |
| 2022 | $57,129▲21.2% | $56,690▲11.1% | $27,768▲1.6% | $52,458▼8.9% | 990EZ |
| 2021 | $47,137▲4.7% | $51,032▼7.9% | $27,329▼12.5% | $57,571▼12.9% | 990EZ |
| 2020 | $45,034▼22.5% | $55,426▲18.4% | $31,224▼25.0% | $66,123▼42.1% | 990EZ |
| 2019 | $58,122▼15.4% | $46,804▼10.6% | $41,616▲37.4% | $114,294▼19.0% | 990EZ |
| 2018 | $68,683▲20.3% | $52,332▼8.1% | $30,298▲117% | $141,077▲112% | 990EZ |
| 2017 | $57,100▲7.1% | $56,945▲6.7% | $13,947▲1.1% | $66,671▲22.9% | 990EZ |
| 2016 | $53,327▼3.8% | $53,381▼2.0% | $13,792▼0.4% | $54,256▼4.7% | 990EZ |
| 2015 | $55,429▲6.9% | $54,495▼10.0% | $13,846▼44.3% | $56,909▼8.8% | 990EZ |
| 2014 | $51,834▼36.0% | $60,554▲10.2% | $24,838▼26.0% | $62,405▼29.3% | 990EZ |
| 2013 | $80,976▲12.8% | $54,968▼0.3% | $33,558▲344% | $88,327▲319% | 990EZ |
| 2012 | $71,762▲1.4% | $55,142▼14.4% | $7,550▲183% | $21,090▲125% | 990EZ |
| 2011 | $70,738 | $64,426 | -$9,070 | $9,360 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Marengo-union Chamber of Commerce a legitimate nonprofit?
- Yes. Marengo-union Chamber of Commerce is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 36-2840743, based in Marengo, Illinois.
- What is Marengo-union Chamber of Commerce's EIN?
- Marengo-union Chamber of Commerce's Employer Identification Number (EIN) is 36-2840743.
- How much revenue does Marengo-union Chamber of Commerce report?
- Marengo-union Chamber of Commerce reported $58,795 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Marengo-union Chamber of Commerce have?
- CharityIndex grades Marengo-union Chamber of Commerce B, based on financial health (reserves and operating margin).
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Data for Marengo-union Chamber of Commerce (EIN 36-2840743) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.