Compensation 990

Somercor 504 Inc.

Fiscal year ending 2024. Filed on August 20, 2025.

209 South Lasalle St 203
Chicago, Illinois 60604

Somercor 504 Inc. (EIN: 36-3837330) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Somercor 504 Inc., a 501(c)(3) charitable organization, reported compensation for 15 out of 30 total employees. Among the employees shown here, the average compensation is $197,092. The highest compensated employee at Somercor 504 Inc. is Manuel Flores with fiscal year 2024 compensation of $325,325.

Revenue, expenses, and employee compensation

Revenue

$7,019,353

Expenses

$6,859,000

Employee compensation

$5,038,104
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

－16.2%vs 2023
Manuel Flores
President and Chief Executive Officer
$325,325
$309,409 from orgNo related comp$15,916 other
－31.0%vs 2023
Eric Bacon
Senior Vice President
$318,247
$295,642 from orgNo related comp$22,605 other
＋0.4%vs 2023
Elisabeth Williams
Senior Vice President
$312,501
$300,361 from orgNo related comp$12,140 other
－0.7%vs 2023
Milan Maslic
Executive Vice President
$282,893
$275,827 from orgNo related comp$7,066 other
－11.1%vs 2023
Margaret Griffin
Executive Vice President
$269,038
$253,287 from orgNo related comp$15,751 other
＋0.9%vs 2023
David Sommers
Executive Vice President
$245,367
$228,519 from orgNo related comp$16,848 other
－39.1%vs 2023
Brian Comiskey
Former Executive Vice President and CLO (Thru 9/23)
$208,363
$192,900 from orgNo related comp$15,463 other
－5.9%vs 2023
Debra Morack
Senior Vice President
$165,715
$154,723 from orgNo related comp$10,992 other
＋382.5%vs 2023
Darin Gehrke
Senior Vice President
$151,380
$135,000 from orgNo related comp$16,380 other
＋11.6%vs 2023
Amber Smith
Vice President, Marketing and Communications
$141,248
$129,692 from orgNo related comp$11,556 other
＋15.8%vs 2023
Silvia Orozco
Vice President SBIF Program Director
$138,017
$129,692 from orgNo related comp$8,325 other
New in 2024
Reuben Waddy
Vice President NOF Director
$131,490
$121,088 from orgNo related comp$10,402 other

Non-Employee Board Members

Brian Burke
Director
Dean Avdalas
Director
Erica McPherson
Director
James Bruno
Director
Jeffrey Bronswick
Director
Jon Winick
Chair Emeritus
Julie Winterbauer
Director
Margy Sweeney
Chair
Michael Martino
Director
Michael Plumb
Director
Simon Yohanan
Director
Thomas Huffman
Vice Chair

Mission Statement

ADMINISTER SBA 504 LOAN PROGRAM AND OTHER ECONOMIC DEVELOPMENT ACTIVITIES IN ILLINOIS, FOUR COUNTIES IN INDIANA, AND TWO COUNTIES IN WISCONSIN.

Revisions to this organization profile

August 20, 2025:
2024 Somercor 504 Inc. 990 filed
August 15, 2024:
2023 Somercor 504 Inc. 990 filed
August 15, 2023:
2022 Somercor 504 Inc. 990 filed

Get an email when new compensation information is released for Somercor 504 Inc.

Be the first to know when new IRS Form 990 data is published for this organization.

Related Jobs

View more jobs
Powered by Talroo
Report a discrepancy →