EXCELSIOR-LAKE MINNETONKA CHAMBER OF COMMERCE (EIN 363557154) - Form 990 Financial Analysis & Trantor Score

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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

1997

Legal Domicile

Principal Officer

TIFFANY KING

Phone

9526866046

Tax Period

2023-01-01 to 2023-12-31

EXCELSIOR-LAKE MINNETONKA CHAMBER OF COMMERCE, founded in 1997, is a small nonprofit that reported $239K in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE COMMERCE, RETAIL AND SERVICE BUSINESS, TO INCREASE PROSPERITY, TO ADVANCE THE GENERAL WELFARE OF THE LOCAL BUSINESS COMMUNITY AND TO ACQUIRE AND DISSEMINATE USEFUL BUSINESS INFORMATION.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $46,340

Program Service Revenue $103,805

Investment Income $559

Other Revenue $88,357

TOTAL REVENUE $239,061

Expense Breakdown

Grants Paid $0

Salaries & Benefits $162,326

Fundraising Expenses $0

Other Expenses $73,020

TOTAL EXPENSES $235,346

Year-over-Year Comparison

	2023	2022	Change
Revenue	$239,061	$153,116	+0.6%
Expenses	$235,346	$172,381	+0.4%
Net Income	$3,715	$-19,265	-1.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

350

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

$89,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIFFANY KING	EXECUTIVE DI	40.00	Officer	$89,500	$0	$89,500
CHERYL HOLDS	PRESIDENT	1.00	Officer Director	$0	$0	$0
GARY RINGATE	PRESIDENT EL	1.00	Director	$0	$0	$0
REID NELLES	IMMEDIATE PA	1.00	Director	$0	$0	$0
MARK KOZIKOWSKI	TREASURER	1.00	Officer Director	$0	$0	$0
LAURIE LARSON	SECRETARY	1.00	Officer Director	$0	$0	$0
CATHY KEEFE	DIRECTOR	1.00	Director	$0	$0	$0
RYAN HOOGENAKKER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SEARLE	DIRECTOR	1.00	Director	$0	$0	$0
MAURA STUDER	DIRECTOR	1.00	Director	$0	$0	$0
SEAN WENHAM	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE RILEY	DIRECTOR	1.00	Director	$0	$0	$0

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	$239,061	$235,346	$48,971	$3,715
2022	$153,116	$172,381	$53,970	$-19,265
2021	$184,229	$197,687	$76,291	$-13,458
2020	$223,919	$141,386	$88,215	$82,533
2018	$208,924	$201,591	$88,141	$7,333

EXCELSIOR-LAKE MINNETONKA CHAMBER OF COMMERCE