THE CHAMBER

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

BARRY WILFAHRT

Phone

7017727271

Tax Period

2023-01-01 to 2023-12-31

THE CHAMBER, founded in 2005, is a small nonprofit that reported $689K in total revenue in fiscal year 2023. Expenses of $660K left a modest 4% surplus.

Mission

CREATE AN ENVIRONMENT THAT ENCOURAGES BUSINESS SUCCESS WHILE ENHANCING THE QUALITY OF LIFE IN OUR REGION.

Program Service Accomplishments

Program 1

PROMOTE BUSINESS IN THE CITIES OF GRAND FORKS AND EAST GRAND FORKS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,500

Program Service Revenue $567,473

Investment Income $20,721

Other Revenue $99,351

TOTAL REVENUE $689,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $396,305

Fundraising Expenses $0

Other Expenses $263,974

TOTAL EXPENSES $660,279

Year-over-Year Comparison

	2023	2022	Change
Revenue	$689,045	$641,353	+0.1%
Expenses	$660,279	$673,821	0.0%
Net Income	$28,766	$-32,468	-1.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

1000

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$169,951

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM KENVILLE	PAST CHAIR	2.00	Officer Director	$0	$0	$0
MEGHAN COMPTON	DIRECTOR	1.00	Director	$0	$0	$0
RUSSEL CRARY	CHAIR	2.00	Officer Director	$0	$0	$0
JOHN SCHUMACHER	DIRECTOR	1.00	Director	$0	$0	$0
PAT BOPPRE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KEITH LUND	DIRECTOR	1.00	Director	$0	$0	$0
MATT FISCHER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MIKE DUNN	DIRECTOR	1.00	Director	$0	$0	$0
MELONEY LINDER	DIRECTOR	1.00	Director	$0	$0	$0
TONY HODNY	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
MIKE FRIDOLFS	DIRECTOR	1.00	Director	$0	$0	$0
TORRIE ENGET	DIRECTOR	1.00	Director	$0	$0	$0
PENNY STAI	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MCLEAN	DIRECTOR	1.00	Director	$0	$0	$0
KAY DERRY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TAREK HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
ANDY SCHNEIDER	DIRECTOR	1.00	Director	$0	$0	$0
EMILY O'BRIEN	DIRECTOR	1.00	Director	$0	$0	$0
MATT NORBY	DIRECTOR	1.00	Director	$0	$0	$0
TYLER WILSON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT RECK	DIRECTOR	1.00	Director	$0	$0	$0
ANNIE GORDER	DIRECTOR	1.00	Director	$0	$0	$0
BARRY WILFAHRT	PRESIDENT/CEO	40.00	Officer	$145,983	$23,968	$169,951

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$689,045	$660,279	$1,354,379	$28,766
2022	$641,353	$673,821	$1,079,529	$-32,468
2021	$736,774	$649,593	$1,073,749	$87,181
2020	$658,447	$559,761	$948,607	$98,686
2019	$811,862	$802,914	$838,438	$8,948
2018	$664,953	$664,720	$885,236	$233