EAGLE RIVER AREA CHAMBER OF COMMER… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

KIMBERLY EMERSON

Phone

7154796400

Tax Period

2023-01-01 to 2023-12-31

EAGLE RIVER AREA CHAMBER OF COMMERCE, founded in 1989, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $203K, a strong 17% operating margin.

Mission

THE EAGLE RIVER AREA CHAMBER OF COMMERCE & VISITORS CENTER IS DEDICATED TO THE PROMOTION OF A STRONG COMMUNITY THROUGH THE ENCOURAGEMENT OF TOURISM, BUSINESS, AND ECONOMIC DEVELOPMENT, BALANCED WITH A CONCERN FOR THE ENVIRONMENT.

Program Service Accomplishments

Program 1

THE CHAMBER AUTHORS AND CIRCULATES INFORMATION TO PROMOTE AREA BUSINESSES BY PROVIDING PAMPHLETS AND MAPS FOR GENERAL CIRCULATION AND MAINTAINING A WEBSITE. IT ALSO PLANS, ORGANIZES AND SUPPORTS...

THE CHAMBER AUTHORS AND CIRCULATES INFORMATION TO PROMOTE AREA BUSINESSES BY PROVIDING PAMPHLETS AND MAPS FOR GENERAL CIRCULATION AND MAINTAINING A WEBSITE. IT ALSO PLANS, ORGANIZES AND SUPPORTS LOCAL EVENTS AND FESTIVALS TO GENERATE TOURISM.

Program 2

THE CHAMBER ORGANIZES THE ANNUAL CRANBERRY FESTIVAL, DRAWING OVER 40,000 VISITORS TO THE CITY EVERY FALL.

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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 $591,759

Program Service Revenue $446,690

Investment Income $13,546

Other Revenue $165,161

TOTAL REVENUE $1,217,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $213,952

Fundraising Expenses $0

Other Expenses $800,008

TOTAL EXPENSES $1,013,960

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,217,156	$1,532,190	-0.2%
Expenses	$1,013,960	$1,264,168	-0.2%
Net Income	$203,196	$268,022	-0.2%

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

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

$99,052

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY EMERSON	EXECUTIVE DI	40.00	Officer	$99,052	$0	$99,052
JESSICA ALLEN	DIRECTOR	1.00	Officer Director	$0	$0	$0
KAREN CROPSEY	DIRECTOR	1.00	Director	$0	$0	$0
DUTCH DEICK	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
PAM GLEICH	VICE PRESIDE	1.00	Director	$0	$0	$0
SUE HERFINDAHL	PRESIDENT	1.00	Officer Director	$0	$0	$0
LEE LIERMANN	TREASURER	10.00	Officer Director	$0	$0	$0
JED LECHLEITNER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE STRAUSS	DIRECTOR	1.00	Director	$0	$0	$0
DAN ULLSPERGER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS WESTFALL	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	$1,217,156	$1,013,960	$1,406,060	$203,196
2022	$1,532,190	$1,264,168	$1,228,863	$268,022
2021	$982,174	$827,603	$927,879	$154,571
2020	$607,501	$572,268	$816,573	$35,233
2019	$876,478	$806,687	$616,118	$69,791
2018	$869,012	$860,087	$485,528	$8,925

EAGLE RIVER AREA CHAMBER OF COMMERCE