AUSTIN AREA CHAMBER OF COMMERCE

EIN: 410133918

AUSTIN, MN

Total Revenue
$482,616
Total Expenses
$513,130
Total Assets
$243,657
Net Assets
$10,937
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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
1940
Legal Domicile
MN
Phone
5074374561
Tax Period
2023-01-01 to 2023-12-31

AUSTIN AREA CHAMBER OF COMMERCE, founded in 1940, is a small nonprofit that reported $483K in total revenue in fiscal year 2023.

Mission

TO PROMOTE THE ECONOMIC, CIVIL, INDUSTRIAL AND CULTURAL GROWTH OF AUSTIN, MINNESOTA AND THE SURROUNDING AREA.

Program Service Accomplishments

Program 1
Expenses: $261,867

TO PROMOTE ECONOMIC, CIVIL, INDUSTRIAL AND CULTURAL GROWTH OF AUSTIN, MINNESOTA AND THE SURROUNDING AREA.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $152,350
Program Service Revenue $328,595
Investment Income $1,671
Other Revenue $0
TOTAL REVENUE $482,616

Expense Breakdown

Grants Paid $0
Salaries & Benefits $299,338
Fundraising Expenses $73,983
Program Expenses $261,867
Other Expenses $213,792
TOTAL EXPENSES $513,130

Year-over-Year Comparison

2023 2022 Change
Revenue $482,616 $502,962 0.0%
Expenses $513,130 $544,461 -0.1%
Net Income $-30,514 $-41,499 -0.3%
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

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Governance

Voting Members
16
Independent Members
16
Employees
8
Volunteers
75

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
8
$83,000
Total Directors
16
$83,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELAINE HANSEN President 40.00
Officer Director
$83,000 $0 $83,000
SCOTT FOX PAST CHAIR 2.00
Officer Director
$0 $0 $0
NAN HANEGRAAF VICE CHAIR 2.00
Officer Director
$0 $0 $0
JOSEPH BOWER CHAIR 2.00
Officer Director
$0 $0 $0
KRIS HEICHEL VICE CHAIR 2.00
Officer Director
$0 $0 $0
MARK NIBAUR VICE CHAIR 2.00
Officer Director
$0 $0 $0
ROBERT HARTMAN Treasurer 2.00
Officer Director
$0 $0 $0
JUSTIN AKKERMAN 1ST VICE-CHAIR 2.00
Officer Director
$0 $0 $0
DANIELLE MOREM Director 1.00
Director
$0 $0 $0
HEATHER WAGNER Director 1.00
Director
$0 $0 $0
ISRAEL GONZALEZ Director 1.00
Director
$0 $0 $0
JACOB SMITH Director 1.00
Director
$0 $0 $0
KAREN WOLF Director 1.00
Director
$0 $0 $0
KARI POLLAK Director 1.00
Director
$0 $0 $0
JENNA HERZOG Director 1.00
Director
$0 $0 $0
MIKE CLAUSMAN 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 $482,616 $513,130 $243,657 $-30,514
2022 $502,962 $544,461 $272,251 $-41,499
2021 $501,465 $479,600 $323,999 $21,865
2020 $357,787 $397,064 $285,398 $-39,277
2019 $533,473 $563,412 $316,869 $-29,939
2018 $568,448 $565,661 $319,780 $2,787
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