Civic Intelligence

National Association of Credit Management Great Lakes Region Inc

EIN 35-6028857 • 501(c)6 • Rolling Meadows, IL

View Organization Page

Profile

To provide a forum to members within the credit profession for education, networking, and business resources.

3005 Tollview DriveRolling Meadows, IL 60008

www.nacmgreatlakesregion.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

78th percentile

0.40x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

79th percentile

0.44x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Net Margin

70th percentile

11%

Higher net margin than 70% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

76th percentile

$227,767

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Asset Growth

72nd percentile

13%

Faster asset growth than 72% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

34th percentile

0.2%

Faster revenue growth than 34% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$3,334,636

Up $386,339 (+13%) from 2024

Liabilities

Up

$1,330,206

Up $28,041 (+2.2%) from 2024

Net Assets

Up

$2,004,430

Up $358,298 (+22%) from 2024

Operations
Liabilities / Revenue79th percentileNet Margin70th percentile

Revenue

Up

$3,030,914

Up $4,917 (+0.2%) from 2024

Expenses

Down

$2,684,519

Down $21,488 (-0.8%) from 2024

Net Income

Up

$346,395

Up $26,405 (+8.3%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth72nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2016: $877,880Liabilities 2016: $1,146,821Net Assets 2016: -$268,9412016Assets 2017: $1,241,808Liabilities 2017: $1,663,197Net Assets 2017: -$421,3892017Assets 2018: $1,475,980Liabilities 2018: $1,372,916Net Assets 2018: $103,0642018Assets 2019: $1,476,341Liabilities 2019: $1,114,480Net Assets 2019: $361,8612019Assets 2020: $1,759,736Liabilities 2020: $1,187,853Net Assets 2020: $571,8832020Assets 2021: $2,122,311Liabilities 2021: $1,226,866Net Assets 2021: $895,4452021Assets 2022: $2,394,171Liabilities 2022: $1,305,857Net Assets 2022: $1,088,3142022Assets 2023: $2,583,083Liabilities 2023: $1,332,203Net Assets 2023: $1,250,8802023Assets 2024: $2,948,297Liabilities 2024: $1,302,165Net Assets 2024: $1,646,1322024Assets 2025: $3,334,636Liabilities 2025: $1,330,206Net Assets 2025: $2,004,4302025

Highlighted filing

2025

Assets$3,334,636
Liabilities$1,330,206
Net Assets$2,004,430
Open 2025 Filing

Operations Trend

Revenue Growth34th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $1,936,586Expenses 2016: $1,984,349Net Income 2016: -$47,7632016Revenue 2017: $2,347,922Expenses 2017: $2,347,670Net Income 2017: $2522017Revenue 2018: $2,669,508Expenses 2018: $2,592,934Net Income 2018: $76,5742018Revenue 2019: $2,895,550Expenses 2019: $2,641,667Net Income 2019: $253,8832019Revenue 2020: $2,802,355Expenses 2020: $2,585,777Net Income 2020: $216,5782020Revenue 2021: $2,596,557Expenses 2021: $2,347,683Net Income 2021: $248,8742021Revenue 2022: $2,540,378Expenses 2022: $2,336,313Net Income 2022: $204,0652022Revenue 2023: $2,891,518Expenses 2023: $2,702,971Net Income 2023: $188,5472023Revenue 2024: $3,025,997Expenses 2024: $2,706,007Net Income 2024: $319,9902024Revenue 2025: $3,030,914Expenses 2025: $2,684,519Net Income 2025: $346,3952025

Highlighted filing

2025

Revenue$3,030,914
Expenses$2,684,519
Net Income$346,395
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$3,334,636
Liabilities
$1,330,206
Net assets
$2,004,430
Revenue
$3,030,914
Expenses
$2,684,519
Net income
$346,395
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.33$1.33$2.00$3.03$2.68$0.35
2024Detailed filing. Detailed filing data is available for this year.$2.95$1.30$1.65$3.03$2.71$0.32
2023Detailed filing. Detailed filing data is available for this year.$2.58$1.33$1.25$2.89$2.70$0.19
2022Detailed filing. Detailed filing data is available for this year.$2.39$1.31$1.09$2.54$2.34$0.20
2021Detailed filing. Detailed filing data is available for this year.$2.12$1.23$0.90$2.60$2.35$0.25
2020Detailed filing. Detailed filing data is available for this year.$1.76$1.19$0.57$2.80$2.59$0.22
2019Detailed filing. Detailed filing data is available for this year.$1.48$1.11$0.36$2.90$2.64$0.25
2018Detailed filing. Detailed filing data is available for this year.$1.48$1.37$0.10$2.67$2.59$0.08
2017Detailed filing. Detailed filing data is available for this year.$1.24$1.66$0.42$2.35$2.35$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.88$1.15$0.27$1.94$1.98$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Aug 26, 2025
Return Version
2024v5.2
Gross Receipts
$3,030,914
Mission and Program Overview

Mission

To provide a forum to members within the credit profession for education, networking, and business resources.

To provide a forum to its members within the credit profession for education, networking and business resources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$361,271$384,062▲ $22,791
Investments in Publicly Traded Securities$258,613$270,890▲ $12,277
Accounts Receivable$233,034$247,912▲ $14,878
Land, Buildings, and Equipment, Net$8,352$10,448▲ $2,096
Total Assets$2,948,297$3,334,636▲ $386,339
Other Assets Total$2,087,027$2,421,324▲ $334,297
Liabilities
Deferred Revenue$1,254,513$1,276,327▲ $21,814
Accounts Payable and Accrued Expenses$47,652$53,879▲ $6,227
Total Liabilities$1,302,165$1,330,206▲ $28,041
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,646,132$2,004,430▲ $358,298
Total Net Assets Fund Balance$1,646,132$2,004,430▲ $358,298
Total Liabilities and Net Assets / Fund Balance$2,948,297$3,334,636▲ $386,339

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,448$25,921$36,369
Other Assets Org$2,421,324--
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Kerry JensenSecretary/controllerPT$145,659$145,659
Lillian NovakChief Communications OfficerPT$128,667$128,667
Gloria ScottCredit and Risk Solution ConsultantPT$127,746$127,746

Board Members and Trustees

NameTitle
Brent HeizelmanChair
Phillip J LattanzioPresident
Jeff WeberVice Chair
Alicja GorskiDirector
Amy CookDirector
Caroline PerkinsDirector
Curtis LitchfieldDirector
Jack MauroDirector
Jordan PeloquinDirector
Joseph LangeDirector
Kendra GerdesDirector
Martine DyerDirector
Shelby CockcroftDirector
Zeb MillerDirector
Brendon MisikCouncilor
Gregory SteinkoenigManager of Credit Solution
Deb RollmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$751,383
Program Service Revenue
$2,279,531
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$346,395
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,965,408
Salaries, Compensation, and Employee Benefits$719,111
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$612,988
Conferences and Meetings---$199,867
Other Employee Benefits---$58,442
Other Expenses---$57,264
Payroll Taxes---$47,681
Information Technology---$28,308
Insurance---$19,055
Fees for Services Accounting---$13,628
All Other Expenses---$13,422
Travel---$9,590
Depreciation Depletion---$5,667
Office Expenses---$3,714
Total Functional Expenses$0$0$0$2,684,519
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization is an association with members.”

Form 990, Part VI, Section A, Line 7A

“The association has only one type of member. The membership is made up of professionals in the business credit and financial management fields.”

Form 990, Part VI, Section A, Line 7B

“Certain changes to the organization's governing documents are subject to a member vote.”

Form 990, Part VI, Section B, Line 11B

“Form 990 is inspected by the controller and president/chief operating officer before filing.”

Form 990, Part VI, Section B, Line 15

“The board of directors determines and approves the compensation of the president. The president determines the salaries of other officers/key employees during an annual review process. Officer compensation is paid by the association's wholly-owned, for-profit subsidiary, chicago-midwest credit corp.”

Form 990, Part VI, Section C, Line 19

“Governing documents, financial statements and tax filings are available for public inspection upon request.”

Filing and Contact Details

Filer

Filer Name
National Association of Credit
EIN
35-6028857
Phone
8474836405
Address
3005 TOLLVIEW DRIVE, ROLLING MEADOWS, IL 60008

Signing Officer

Name
Phillip Lattanzio
Title
President
Phone
8474836477
Signed
2025-08-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phillip Lattanzio
Formed
1922
Legal Domicile
In
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
15

Preparer

Firm
Cliftonlarsonallen Llp
Address
2021 SPRING ROAD SUITE 200, OAK BROOK, IL 60523
Preparer
Thure Ross CPA
Phone
6305738600
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“This process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The organization consists of both not-for-profit associations, for-profit subsidiaries, and a limited liability company (llc). The associations are not-for-profit entities, described in section 501(c)(6) of the internal revenue code, except for the st. Louis association of credit management, which is described in section 501(c)(3) and are exempt from income taxes, except to the extent of any unrelated business income. There was no unrelated business income for the years ended march 31, 2025 and 2024. Accordingly, no provision for income taxes for the associations is included in the consolidated financial statements. The subsidiaries are subject to income taxes, and use the asset/liability method of accounting for income taxes. The organization determined that it was not required to record a liability for unrecognized tax benefits as of march 31, 2025 and 2024.”

Raw XML AppendixShowing 400 of 613 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14COUNCILOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16SECRETARY/CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt17CHIEF COMMUNICATIONS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt18CREDIT AND RISK SOLUTION CONSULTANT
IRS990/Form990PartVIISectionAGrp/TitleTxt19MANAGER OF CREDIT SOLUTION
IRS990/Form990ProvidedToGvrnBodyInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/IndoorTanningServicesInd00
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IRS990/MembersOrStockholdersInd01
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE A FORUM TO MEMBERS WITHIN THE CREDIT PROFESSION FOR EDUCATION, NETWORKING, AND BUSINESS RESOURCES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01646132
IRS990/NetAssetsOrFundBalancesEOYAmt02004430
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt03714
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02087027
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IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt058442
IRS990/OtherExpensesGrp/Desc0CREDIT REPORTS EXPENSE
IRS990/OtherExpensesGrp/Desc1ADMIN EXPENSES
IRS990/OtherExpensesGrp/Desc2BUREAU ASSESSMENT
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IRS990/OtherExpensesGrp/TotalAmt1360360
IRS990/OtherExpensesGrp/TotalAmt257264
IRS990/OtherSalariesAndWagesGrp/TotalAmt0612988
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IRS990/PayrollTaxesGrp/TotalAmt047681
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0361271
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IRS990/ProgramServiceRevenueGrp/Desc1COLLECTION FEES
IRS990/ProgramServiceRevenueGrp/Desc2EDUCATION/SEMINARS
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM AFFILIATES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION CONSISTS OF BOTH NOT-FOR-PROFIT ASSOCIATIONS, FOR-PROFIT SUBSIDIARIES, AND A LIMITED LIABILITY COMPANY (LLC). THE ASSOCIATIONS ARE NOT-FOR-PROFIT ENTITIES, DESCRIBED IN SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE, EXCEPT FOR THE ST. LOUIS ASSOCIATION OF CREDIT MANAGEMENT, WHICH IS DESCRIBED IN SECTION 501(C)(3) AND ARE EXEMPT FROM INCOME TAXES, EXCEPT TO THE EXTENT OF ANY UNRELATED BUSINESS INCOME. THERE WAS NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED MARCH 31, 2025 AND 2024. ACCORDINGLY, NO PROVISION FOR INCOME TAXES FOR THE ASSOCIATIONS IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE SUBSIDIARIES ARE SUBJECT TO INCOME TAXES, AND USE THE ASSET/LIABILITY METHOD OF ACCOUNTING FOR INCOME TAXES. THE ORGANIZATION DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY FOR UNRECOGNIZED TAX BENEFITS AS OF MARCH 31, 2025 AND 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleJ/EquityBasedCompArrngmInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt167984
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PHILLIP J LATTANZIO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1GREGORY STEINKOENIG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1MANAGER OF CREDIT SOLUTION
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0SERVICES FOR THE ORGANIZATION ARE PERFORMED BY EMPLOYEES OF CHICAGO-MIDWEST CREDIT SERVICE CORP.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS AN ASSOCIATION WITH MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ASSOCIATION HAS ONLY ONE TYPE OF MEMBER. THE MEMBERSHIP IS MADE UP OF PROFESSIONALS IN THE BUSINESS CREDIT AND FINANCIAL MANAGEMENT FIELDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CERTAIN CHANGES TO THE ORGANIZATION'S GOVERNING DOCUMENTS ARE SUBJECT TO A MEMBER VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS INSPECTED BY THE CONTROLLER AND PRESIDENT/CHIEF OPERATING OFFICER BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS DETERMINES AND APPROVES THE COMPENSATION OF THE PRESIDENT. THE PRESIDENT DETERMINES THE SALARIES OF OTHER OFFICERS/KEY EMPLOYEES DURING AN ANNUAL REVIEW PROCESS. OFFICER COMPENSATION IS PAID BY THE ASSOCIATION'S WHOLLY-OWNED, FOR-PROFIT SUBSIDIARY, CHICAGO-MIDWEST CREDIT CORP.

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