Greater Ladysmith Area Chamber of Commerce (EIN 391799630) - 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

1994

Legal Domicile

Principal Officer

Robert Lecheler

Phone

7155327328

Tax Period

2020-01-01 to 2020-12-31

Greater Ladysmith Area Chamber of Commerce, founded in 1994, is a micro nonprofit in the Community Improvement sector that reported $56K in total revenue in fiscal year 2020.

Mission

To promote the Ladysmith/Rusk County area as a place to live, work, shop, and play, so that the area's citizens and business community shall thrive and prosper.

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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 (2020)

Revenue Breakdown

Contributions & Grants $55,964

Program Service Revenue $0

Investment Income $119

Other Revenue $0

TOTAL REVENUE $56,083

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,850

Fundraising Expenses $0

Other Expenses $25,408

TOTAL EXPENSES $56,258

Year-over-Year Comparison

	2020	2019	Change
Revenue	$56,083	$55,874	+0.0%
Expenses	$56,258	$48,868	+0.2%
Net Income	$-175	$7,006	-1.0%

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

234

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sue Farrel	President	6.00	Officer	$0	$0	$0
Adam Kaiser	Director	2.00	Director	$0	$0	$0
Missy Kroening	Vice President	4.00	Officer	$0	$0	$0
Jenny Hengst	Treasurer	4.00	Officer	$0	$0	$0
Bonny Beck	Director	2.00	Director	$0	$0	$0
Steve Berg	Director	2.00	Director	$0	$0	$0
Roxie Kemmitz	Secretary	4.00	Officer	$0	$0	$0
Heidi Jo Sovacool	Director	2.00	Director	$0	$0	$0
Dale Olsen	Director	2.00	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
2020	$56,083	$56,258	$99,207	$-175
2019	$55,874	$48,868	$98,743	$7,006
2018	$44,109	$65,825	$99,400	$-21,716

Greater Ladysmith Area Chamber of Commerce