RIVER FALLS CHAMBER OF COMMERCE INC (EIN 390892145) - 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

1955

Legal Domicile

Principal Officer

BRIAN MANION

Phone

7154252533

Tax Period

2023-01-01 to 2023-12-31

RIVER FALLS CHAMBER OF COMMERCE INC, founded in 1955, is a small nonprofit that reported $568K in total revenue in fiscal year 2023.

Mission

TO PROMOTE AND SUPPORT ITS MEMBERS AND BUSINESSES IN THE LOCAL AREA TO ENHANCE THE ECONOMY AND CULTURE THROUGHOUT THE COMMUNITY.

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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 $0

Program Service Revenue $563,183

Investment Income $5,260

Other Revenue $0

TOTAL REVENUE $568,443

Expense Breakdown

Grants Paid $0

Salaries & Benefits $204,497

Fundraising Expenses $0

Other Expenses $377,387

TOTAL EXPENSES $581,884

Year-over-Year Comparison

	2023	2022	Change
Revenue	$568,443	$548,723	+0.0%
Expenses	$581,884	$607,248	0.0%
Net Income	$-13,441	$-58,525	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

400

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

$77,774

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSS KORPELA	CEO	40.00	Officer	$75,974	$1,800	$77,774
BRIAN MANION	INTERIM CHAI	1.00	Officer Director	$0	$0	$0
AMANDA LINEHAN	CHAIR (THRU	1.00	Officer Director	$0	$0	$0
SHERI MARNELL	TREASURER	1.00	Officer Director	$0	$0	$0
AMANDA BERNDT	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA CURTIS	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL DINTEMANN	DIRECTOR	1.00	Director	$0	$0	$0
RICK FOY	DIRECTOR	1.00	Director	$0	$0	$0
KEITH GUNDERSON	DIRECTOR	1.00	Director	$0	$0	$0
MELISA HANSEN	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI HANSON	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE JOHNSON	TOURISM CHAI	1.00	Director	$0	$0	$0
KRISTA PAULUS	AMBASSADOR C	1.00	Director	$0	$0	$0
KERI SCHREINER	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	$568,443	$581,884	$210,113	$-13,441
2022	$548,723	$607,248	$229,117	$-58,525
2021	$552,779	$447,028	$282,540	$105,751
2020	$301,534	$357,066	$207,886	$-55,532
2019	$477,490	$426,470	$230,725	$51,020
2018	$466,466	$442,073	$180,003	$24,393

RIVER FALLS CHAMBER OF COMMERCE INC