2024-08-06T16:19:25-05:00 2024-03-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2023-04-01 366107865 NACMCHICAGO-MIDWEST NACM 8474836405 3005 TOLLVIEW DRIVE ROLLING MEADOWS IL 60008 PHILLIP LATTANZIO PRESIDENT 8474836405 2024-08-02 1 0 THURE ROSS CPA P00577278 6305738600 2024-08-01 2023 2024-08-08 14:25:15Z PHILLIP LATTANZIO 3005 TOLLVIEW DRIVE ROLLING MEADOWS IL 60008 344776 0 X WWW.NACMCHICAGO.ORG X 1942 IL EDUCATION OF MEMBERS REGARDING CREDIT MANAGEMENT AND COMMERCIAL CREDIT MATTERS; FORUM FOR NETWORKING 17 17 0 17 0 0 211677 203078 140008 141698 0 0 0 0 351685 344776 0 0 0 0 47565 30912 0 0 0 194570 186676 242135 217588 109550 127188 3251264 3371761 1341415 1610500 1909849 1761261 TO PROVIDE A FORUM TO MEMBERS WITHIN THE CREDIT PROFESSION FOR EDUCATION, NETWORKING AND BUSINESS RESOURCES. 0 0 EDUCATION OF MEMBERS AND THE GENERAL PUBLIC REGARDING CREDIT MANAGEMENT, FRAUD PREVENTION, AND COMMERCIAL CREDIT MATTERS BY CONDUCTING CONFERENCES, SEMINARS AND TRAINING, INCLUDING THE SALE OF BOOKS & PUBLICATIONS; A FORUM FOR NETWORKING. 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 0 1 1 1 1 0 X KERRY JENSEN 8474836405 3005 TOLLVIEW DRIVE ROLLING MEADOWS IL 60008 KEVIN STINNER COUNCILOR 0.50 1.50 X 0 0 0 BRENDON MISIK CHAIR 0.50 1.50 X X 0 0 0 BRENT HEIZELMAN VICE CHAIR 0.50 1.50 X X 0 0 0 CURTIS LITCHFIELD DIRECTOR 0.50 1.50 X 0 0 0 ALICJA GORSKI DIRECTOR 0.50 1.50 X 0 0 0 JEFF WEBER TREASURER 0.50 1.50 X X 0 0 0 JOSEPH LANGE DIRECTOR 0.50 1.50 X 0 0 0 JIM HUSHKA DIRECTOR 0.50 1.50 X 0 0 0 DEB ROLLMAN DIRECTOR 0.50 1.50 X 0 0 0 DALE SEMPLE DIRECTOR 0.50 1.50 X 0 0 0 JARED SILVER DIRECTOR 0.50 1.50 X 0 0 0 REGINA STRICKLIN DIRECTOR 0.50 1.50 X 0 0 0 SHELBY COCKCROFT DIRECTOR 0.50 1.50 X 0 0 0 MARTINE DYER DIRECTOR 0.50 1.50 X 0 0 0 KENDRA GERDES DIRECTOR 0.50 1.50 X 0 0 0 JORDAN PELOQUIN DIRECTOR 0.50 1.50 X 0 0 0 CAROLINE PERKINS DIRECTOR 0.50 1.50 X 0 0 0 PHILLIP LATTANZIO PRESIDENT 5.00 35.00 X 0 193984 22434 KERRY JENSEN SECRETARY/CFO 5.00 35.00 X 0 137694 4276 LILLIAN NOVAK CHIEF COMMUNICATIONS OFFIC 5.00 35.00 X 0 126153 2122 DARREN GREENE CREDIT SOLUTIONS CONSULTAN 5.00 35.00 X 0 121984 17313 GREGORY STEINKOENIG MANAGER OF CREDIT SOLUTION 5.00 35.00 X 0 135234 21885 0 715049 68030 0 0 1 0 0 203078 203078 EDUCATION/SEMINARS 611710 141698 141698 141698 344776 141698 0 0 27563 1290 2059 1320 731 68283 2308 ADMINISTRATIVE EXPENSES 67797 BUREAU ASSESSMENT 40008 6229 217588 30162 51775 311661 311661 2909441 3008325 3251264 3371761 92911 82936 120655 123937 1127849 1403627 1341415 1610500 X 1909849 1761261 1909849 1761261 3251264 3371761 X 127188 -275776 X X 0 1 X 1 0 1 1 0 0 DUE FROM AFFILIATES 3007684 SECURITY DEPOSITS 641 3008325 CLOSELY HELD INTEREST 1403627 1403627 X 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, 2024 AND 2023. 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, 2024 AND 2023. 1 0 0 0 PHILLIP LATTANZIO PRESIDENT 0 172006 0 21978 0 0 0 2888 0 19546 0 216418 0 0 GREGORY STEINKOENIG MANAGER OF CREDIT SOLUTION 0 64596 0 3001 0 67637 0 1478 0 20407 0 157119 0 0 PART I, LINE 3 SERVICES FOR THE CORPORATION ARE PERFORMED BY EMPLOYEES OF CHICAGO-MIDWEST CREDIT SERVICE CORP. 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 VICE PRESIDENT OF FINANCE AND THE 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 SERVICE CORP. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND TAX FILINGS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XI, LINE 9: DECREASE IN VALUE OF INVESTMENT IN CHICAGO SUBSIDIARY -418,410. DECREASE IN VALUE OF BUFFALO SUBSIDIARY -68,287. DECREASE IN VALUE OF ST. LOUIS SUBSIDIARY -111,423. INCREASE IN VALUE OF MILWAUKEE SUBSIDIARY 52,692. DECREASE IN VALUE OF INDIANA SUBSIDIARY -24,817. DECREASE IN VALUE OF MICHIGAN SUBSIDIARY -9,230. INCREASE IN VALUE OF OHIO SUBSIDIARY 289,103. INCREASE IN VALUE OF PENNSYLVANIA SUBSIDIARY 65,274. DECREASE IN VALUE OF NEW ENGLAND SUBSIDIARY -50,678. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NACM NORTHEAST INC 3005 TOLLVIEW DRIVE ROLLING MEADOWS IL 60008 943435090 EDUCATION OF MEMBERS REGARDING CREDIT MANAGEMENT IL 501(C)(6) N/A N/A 0 ST LOUIS ASSOCIATION OF CREDIT MANAGEMENT 3005 TOLLVIEW DRIVE ROLLING MEADOWS IL 60008 430493480 EDUCATION OF MEMBERS REGARDING CREDIT MANAGEMENT MO 501(C)(3) LINE 10 N/A 0 NATIONAL ASSOCIATION OF CREDIT MANAGEMENT GREAT LAKES REGION INC 3005 TOLLVIEW DRIVE ROLLING MEADOWS IL 60008 356028857 EDUCATION OF MEMBERS REGARDING CREDIT MANAGEMENT IN 501(C)(6) N/A N/A 0 ROBERT L VODRASKA SCHOLARSHIP FOUNDATION 3005 TOLLVIEW DRIVE ROLLING MEADOWS IL 60008 371562913 SCHOLARSHIP FOUNDATION IL 501(C)(3) LINE 10 N/A 0 CREDITEMPS INC DBA CHICAGO MIDWEST BUSINESS STAFFING SERVICE INC 3005 TOLLVIEW DRIVE ROLLING MEADOWS IL 60008 363894763 EMPLOYMENT SERVICE IL N/A C 0 CHICAGO-MIDWEST CREDIT SERVICE CORP 3005 TOLLVIEW DRIVE ROLLING MEADOWS IL 60008 360896010 CREDIT & COLLECTION MEMBERSHIP SERVICE IL NACM CHICAGO-MIDWEST C 2225383 192512 1.00000 1 MILWAUKEE-MIDWEST CREDIT SERVICE CORP 3005 TOLLVIEW DRIVE ROLLING MEADOWS IL 60008 364594639 CREDIT & COLLECTION MEMBERSHIP SERVICE IL NACM CHICAGO-MIDWEST C 371505 94740 1.00000 1 WESTERN NEW YORK ADJUSTMENT CORPORATION 3005 TOLLVIEW DRIVE ROLLING MEADOWS IL 60008 160685580 CREDIT & COLLECTION MEMBERSHIP SERVICE NY N/A C 0 ADJUSTMENT BUREAU OF ST LOUIS ASSOCIATION OF CREDIT MANAGEMENT 3005 TOLLVIEW DRIVE ROLLING MEADOWS IL 60008 430152990 CREDIT & COLLECTION MEMBERSHIP SERVICE MO N/A C 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 CREDITEMPS INC E 63309 CASH EXCHANGED CHICAGO-MIDWEST SERVICE CORP D 3219319 CASH EXCHANGED MILWAUKEE-MIDWEST CREDIT SERVICE CORP E 146667 CASH EXCHANGED