WOODBURY AREA CHAMBER OF COMMERCE

EIN: 363588693

WOODBURY, MN

Total Revenue
$392,891
Total Expenses
$386,117
Total Assets
$275,186
Net Assets
$270,666
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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
1962
Legal Domicile
MN
Tax Period
2023-01-01 to 2023-12-31

WOODBURY AREA CHAMBER OF COMMERCE, founded in 1962, is a small nonprofit that reported $393K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE THE SPIRIT OF THE WOODBURY AREA, ENHANCE A PROGRESSIVE BUSINESS ENVIRONMENT AND SERVE AS THE BUSINESS VOICE OF THE COMMUNITY AND ITS MEMEBERS

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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 $196,998
Program Service Revenue $195,524
Investment Income $369
Other Revenue $0
TOTAL REVENUE $392,891

Expense Breakdown

Grants Paid $0
Salaries & Benefits $188,453
Fundraising Expenses $0
Program Expenses $386,117
Other Expenses $197,664
TOTAL EXPENSES $386,117

Year-over-Year Comparison

2023 2022 Change
Revenue $392,891 $293,991 +0.3%
Expenses $386,117 $265,052 +0.5%
Net Income $6,774 $28,939 -0.8%
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
15
Independent Members
15
Employees
3
Volunteers
N/A

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
2
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROB REVELING TREASURER 2.00
Officer
$0 $0 $0
BRANDON SEVERSON BOARD CHAIR 5.00
Officer
$0 $0 $0
LAURIE STAIGER PRESIDENT 40.00
Key Emp
$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 $392,891 $386,117 $275,186 $6,774
2022 $293,991 $265,052 $270,374 $28,939
2021 $338,366 $234,138 $256,750 $104,228
2020 $172,500 $215,558 $158,501 $-43,058
2019 $276,717 $216,042 $195,422 $60,675
2018 $259,205 $215,735 $138,095 $43,470
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