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Filing year 2024

LORAIN COUNTY CHAMBER OF COMMERCE INC

Elyria, Ohio·EIN 34-1557587·6
Total revenue
$385k
Total assets
$163k
Total expenses
$438k
Reported officers
20
Mission

TO ENHANCE THE QUALITY OF LIFE IN LORAIN COUNTY THROUGH A UNIFIED AND COORDINATED REGIONAL ECONOMIC DEVELOPMENT PROGRAM THAT PROVIDES LEADERSHIP, MAXIMIZES RESOURCES, AND EMPHASIZES COOPERATION.

Executive compensation

Form 990 · Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President
Median to 75th percentile
$112k
$121k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 19 unpaid individuals.

Up 3%
from 2023

From $109k in 2023 to $112k in 2024.

$109k
2023
$112k
2024
In today's dollarsEst.
Up 1% in real terms$120k to $121k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 3% from 2023 to 2024, while revenue rose 12%.

$109k in 2023 to $112k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

LORAIN COUNTY CHAMBER OF COMMERCE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$342k
$394k
2023
$385k
$438k
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about LORAIN COUNTY CHAMBER OF COMMERCE INC

What does the Chief Executive Officer of LORAIN COUNTY CHAMBER OF COMMERCE INC earn?

In 2024, the Chief Executive Officer of LORAIN COUNTY CHAMBER OF COMMERCE INC received $112,470 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at LORAIN COUNTY CHAMBER OF COMMERCE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at LORAIN COUNTY CHAMBER OF COMMERCE INC falls between the median and the 75th percentile.

What are LORAIN COUNTY CHAMBER OF COMMERCE INC's revenue and expenses?

In 2024, LORAIN COUNTY CHAMBER OF COMMERCE INC reported $385k in total revenue and $438k in total expenses on its IRS Form 990.

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