HMONG WISCONSIN CHAMBER OF COMMERCE INC (EIN 392013787) - 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

2000

Legal Domicile

Principal Officer

MAYSEE HERR

Phone

4146458828

Tax Period

2024-01-01 to 2024-12-31

HMONG WISCONSIN CHAMBER OF COMMERCE INC, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $3.9M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 32% operating margin.

Mission

HWCC IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) PROVIDING ECONOMIC DEVELOPMENT ASSISTANCE IN BUSINESS PLANNING, MARKET ANALYSIS, MARKETING STRATEGIES, EFFECTIVE DAY-TO-DAY BUSINESS OPERATIONS AND MUCH MORE. HWCC ACTS AS AN ADVOCATE FOR THE HMONG AND ASIAN AMERICAN COMMUNITIES IN WISCONSIN REGARDING BUSINESS AND ECONOMIC ISSUES. FURTHERMORE, HWCC IS A FORUM FOR HMONG AND ASIAN AMERICAN ENTREPRENEURS TO DISCUSS SUCCESSES AND CHALLENGES, OFFERING SUPPORT RESULTING IN A WIN-WIN FOR ALL OF WISCONSIN.

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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 $2,579,517

Program Service Revenue $1,194,163

Investment Income $168,804

Other Revenue $-2,051

TOTAL REVENUE $3,940,433

Expense Breakdown

Grants Paid $236,250

Salaries & Benefits $877,142

Fundraising Expenses $0

Program Expenses $2,309,880

Other Expenses $1,559,302

TOTAL EXPENSES $2,672,694

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,940,433	$2,646,920	+0.5%
Expenses	$2,672,694	$2,626,236	+0.0%
Net Income	$1,267,739	$20,684	+60.3%

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

$201,544

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAYSEE HERR	CEO	40.00	Officer	$106,947	$7,092	$114,039
KRISTY VANG	DIRECTOR OF OPERATIONS	40.00	Officer	$87,505	$0	$87,505
DAVID KIRCHER	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIC WOZNY	TREASURER	1.00	Officer Director	$0	$0	$0
TABATHA DE LEON	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICK MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
WARREN BULIOX	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
SONG CHENG	DIRECTOR	1.00	Director	$0	$0	$0
LANCE LEONHARD	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY XIONG	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT BROWN	DIRECTOR	1.00	Director	$0	$0	$0
CELIA BENTON	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM KOPKA	DIRECTOR	1.00	Director	$0	$0	$0
KAMALJIT JACKSON	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	$3,940,433	$2,672,694	$6,613,621	$1,267,739
2023	$2,646,920	$2,626,236	$4,595,269	$20,684
2022	$2,393,378	$722,958	$3,623,656	$1,670,420
2021	$600,860	$589,287	$1,798,604	$11,573
2020	$1,021,570	$469,442	$1,960,412	$552,128
2019	$683,793	$505,072	$1,231,304	$178,721
2018	$528,785	$395,635	$1,067,196	$133,150

HMONG WISCONSIN CHAMBER OF COMMERCE INC