ALBERT LEA FREEBORN COUNTY CHAMBER COMMERCE (EIN 410117928) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1940

Legal Domicile

Principal Officer

ALLEN HENDRIKS

Phone

5073733938

Tax Period

2023-10-01 to 2024-09-30

ALBERT LEA FREEBORN COUNTY CHAMBER COMMERCE, founded in 1940, is a small nonprofit that reported $225K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

PROMOTE AND DEVELOP A HEALTHY AND POSITIVE BUSINESS CLIMATE AND IMPROVE THE QUALITY OF LIFE IN THE ALBERT LEA-FREEBORN COUNTY AREA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $131,535

Program Service Revenue $92,670

Investment Income $610

Other Revenue $0

TOTAL REVENUE $224,815

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,087

Fundraising Expenses $11,062

Program Expenses $183,902

Other Expenses $106,344

TOTAL EXPENSES $223,431

Year-over-Year Comparison

	2023	2022	Change
Revenue	$224,815	$179,586	+0.3%
Expenses	$223,431	$180,792	+0.2%
Net Income	$1,384	$-1,206	-2.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

129

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

$78,560

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARI JENSEN	EXC DIRECTOR	40.00	Officer	$78,560	$0	$78,560
LISA CHRISTENSEN	DIRECTOR	N/A	Director	$0	$0	$0
ANGIE EGGUM	DIRECTOR	N/A	Director	$0	$0	$0
JOSH FOSSUM	DIRECTOR	N/A	Director	$0	$0	$0
AMANDA GREGORY	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT HOFFMAN	DIRECTOR	N/A	Director	$0	$0	$0
BOBBIE JACOBS	DIRECTOR	N/A	Director	$0	$0	$0
JANELLE KOEPKE	DIRECTOR	N/A	Director	$0	$0	$0
CRYSTAL MILLER	DIRECTOR	N/A	Director	$0	$0	$0
RITA MOYER	DIRECTOR	N/A	Director	$0	$0	$0
JEFF WOODSIDE	DIRECTOR	N/A	Director	$0	$0	$0
JOHN DOUBLE	VICE CHAIR	N/A	Officer	$0	$0	$0
ALLEN HENDRIKS	CHAIR	N/A	Officer	$0	$0	$0
BRAD KIRCHNER	TREASURER	N/A	Officer	$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	$224,815	$223,431	$116,706	$1,384
2023	$179,586	$180,792	$112,973	$-1,206
2022	$235,959	$205,562	$122,437	$30,397
2021	$163,434	$182,483	$91,494	$-19,049
2020	$166,743	$170,351	$104,001	$-3,608
2019	$266,119	$259,612	$111,663	$6,507
2018	$242,543	$231,928	$106,257	$10,615

ALBERT LEA FREEBORN COUNTY CHAMBER COMMERCE