THE CHAMBER

EIN: 202924979

GRAND FORKS, ND

Total Revenue
$689,045
Total Expenses
$660,279
Total Assets
$1,354,379
Net Assets
$746,137
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
ND
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 ENCHANCING THE QUALITY OF LIFE IN OUR REGION.

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Trantor Score

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

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

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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
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
22
Independent Members
22
Employees
5
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
7
$169,951
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
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
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