COTTAGE GROVE CHAMBER OF COMMERCE (EIN 391666245) - 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

1989

Legal Domicile

Phone

6082852873

Tax Period

2023-01-01 to 2023-12-31

COTTAGE GROVE CHAMBER OF COMMERCE, founded in 1989, is a small nonprofit in the Community Improvement sector that reported $263K in total revenue in fiscal year 2023. Revenue surged 169% from the prior year, signaling strong growth momentum. The organization ran a surplus of $138K, a strong 52% operating margin.

Mission

TO CREATE AND PROMOTE A POSITIVE, ECONOMIC, POLITICAL, AGRICULTURAL, EDUCATIONAL AND SOCIAL ENVIRONMENT IN THE COTTAGE GROVE COMMUNITY AND PROTECT THE BUSINESS INTERESTS OF ITS MEMBERS.

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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 $260,391

Program Service Revenue $0

Investment Income $142

Other Revenue $2,945

TOTAL REVENUE $263,478

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $66,879

Fundraising Expenses $0

Program Expenses $27,447

Other Expenses $57,432

TOTAL EXPENSES $125,311

Year-over-Year Comparison

	2023	2022	Change
Revenue	$263,478	$98,006	+1.7%
Expenses	$125,311	$91,927	+0.4%
Net Income	$138,167	$6,079	+21.7%

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

219

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

$62,776

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY FOSDICK	PRESIDENT	5.00	Officer	$0	$0	$0
COREY RANDL	PRESIDENT ELECT	5.00	Officer	$0	$0	$0
SHARI KASSUBE	TREASURER	5.00	Officer	$0	$0	$0
DANIELLE OTT	SECRETARY	5.00	Officer	$0	$0	$0
JON RUSSELL	BOARD MEMBER	5.00	Officer	$0	$0	$0
NATE ABRAHAMSON	BOARD MEMBER	5.00	Officer	$0	$0	$0
CLAIRE DOELGER	BOARD MEMBER	5.00	Officer	$0	$0	$0
SARAH HURLEY	BOARD MEMBER	5.00	Officer	$0	$0	$0
STEVE STROBEL	BOARD MEMBER	5.00	Officer	$0	$0	$0
TOMMY JOHNSON	BOARD MEMBER	5.00	Officer	$0	$0	$0
KATIE MAKOWAN	BOARD MEMBER	5.00	Officer	$0	$0	$0
BRITT LEACH	EXECUTIVE DIRECTOR	40.00	Director	$62,776	$0	$62,776

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	$263,478	$125,311	$229,821	$138,167
2022	$98,006	$91,927	$91,654	$6,079
2021	$93,169	$70,404	$85,266	$22,765
2020	$84,614	$86,745	$62,478	$-2,131
2019	$88,467	$88,342	$64,609	$125
2018	$81,094	$90,057	$64,484	$-8,963
2017	$76,699	$68,445	$74,009	$8,254

COTTAGE GROVE CHAMBER OF COMMERCE