AUSTIN AREA CHAMBER OF COMMERCE (EIN 410133918) - 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

1940

Legal Domicile

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.

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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 $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

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

$83,000

Total Directors

$83,000

Key Employees

Highest Compensated

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

AUSTIN AREA CHAMBER OF COMMERCE