LAKES AREA CHAMBER OF COMMERCE (EIN 381718932) - 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

1963

Legal Domicile

Principal Officer

AUDREY RYSKAMP

Phone

2486242826

Tax Period

2024-01-01 to 2024-12-31

LAKES AREA CHAMBER OF COMMERCE, founded in 1963, is a small nonprofit that reported $160K in total revenue in fiscal year 2024. Expenses of $138K left a modest 14% surplus.

Mission

BUSINESS AND COMMUNITY ENRICHMENT AND DEVELOPMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $116,525

Investment Income $169

Other Revenue $43,785

TOTAL REVENUE $160,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,430

Fundraising Expenses $0

Other Expenses $50,387

TOTAL EXPENSES $137,817

Year-over-Year Comparison

	2024	2023	Change
Revenue	$160,479	$149,806	+0.1%
Expenses	$137,817	$177,177	-0.2%
Net Income	$22,662	$-27,371	-1.8%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

$52,122

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SYDNEY LAWSON	EXECUTIVE DI	32.00	Director	$52,122	$0	$52,122
STEVE BETEL	DIRECTOR	1.00	Director	$0	$0	$0
MATT BURNS	DIRECTOR	1.00	Director	$0	$0	$0
MONA DIEGEL	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH FALZON	DIRECTOR	1.00	Director	$0	$0	$0
CARA GARDNER	TREASURER	2.00	Officer Director	$0	$0	$0
HOLLY GERDOM	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
CARA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
LYNN LIPMAN	DIRECTOR	1.00	Director	$0	$0	$0
DAN PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
MARJORIE RIECKHOFF	DIRECTOR	1.00	Director	$0	$0	$0
AUDREY RYSKAMP	PRESIDENT	4.00	Officer Director	$0	$0	$0
CALEB SHENG	DIRECTOR	1.00	Director	$0	$0	$0
MEAGAN TEHAKO	DIRECTOR	1.00	Director	$0	$0	$0
SUE VANDERWILL	PAST PRESIDE	1.00	Director	$0	$0	$0
KARI WEST	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
2025	No data	No data	No data	No data
2024	$160,479	$137,817	$60,433	$22,662
2023	$149,806	$177,177	$37,771	$-27,371
2022	$138,170	$159,525	$65,142	$-21,355
2021	$122,733	$145,371	$86,497	$-22,638
2020	$199,072	$141,440	$109,135	$57,632
2019	$143,807	$137,585	$51,503	$6,222
2018	$130,924	$122,345	$45,281	$8,579

LAKES AREA CHAMBER OF COMMERCE