BRAINERD LAKES AREA CHAMBERS OF CO… - Form 990 Financial Data

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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

1952

Legal Domicile

Principal Officer

MATT KILIAN

Phone

2188292838

Tax Period

2025-01-01 to 2025-12-31

BRAINERD LAKES AREA CHAMBERS OF COMMERCE, founded in 1952, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2025. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $2.4M left a modest 6% surplus.

Mission

TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF THE BRAINERD LAKES AREA SO THAT ITS CITIZENS AND ALL AREAS OF ITS BUSINESS COMMUNITY SHALL PROSPER. ALL NECESSARY MEANS OF PROMOTION SHALL BE PROVIDED AND PARTICULAR ATTENTION AND EMPHASIS SHALL BE GIVEN TO THE ECONOMIC, CIVIC, COMMERCIAL, CULTURAL, INDUSTRIAL AND EDUCATIONAL INTERESTS OF THE AREA.

Program Service Accomplishments

Program 1

Revenue: $1,730,556

TOURISM AND PROMOTION - PROMOTE TOURISM IN THE BRAINERD LAKES AREA,PRODUCE AND DISTRIBUTE TOURISM PUBLICATIONS, ORGANIZE AND SPONSOREVENTS TO PROMOTE TOURISM AND LOCAL BUSINESS NETWORKING...

TOURISM AND PROMOTION - PROMOTE TOURISM IN THE BRAINERD LAKES AREA,PRODUCE AND DISTRIBUTE TOURISM PUBLICATIONS, ORGANIZE AND SPONSOREVENTS TO PROMOTE TOURISM AND LOCAL BUSINESS NETWORKING, ANDMARKETING THROUGHOUT THE YEAR.

Program 2

COMMUNITY MARKETING - ORGANIZE AREA EVENTS THAT PROMOTE CITIZENINVOLVEMENT AND ATTRACT THOUSANDS OF VISITORS TO PROMOTE COMMERCEAND GOODWILL IN THE AREA COMMUNITIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $667,047

Program Service Revenue $1,730,556

Investment Income $16,900

Other Revenue $96,856

TOTAL REVENUE $2,511,359

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,251,583

Fundraising Expenses $0

Other Expenses $1,121,084

TOTAL EXPENSES $2,372,667

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,511,359	$2,210,711	+0.1%
Expenses	$2,372,667	$2,327,819	+0.0%
Net Income	$138,692	$-117,108	-2.2%

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

$222,304

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI DAVIES	EXECUTIVE OFFICER AT LARGE	1.00	Officer Director	$0	$0	$0
LORI KOHORST	CHAIR	1.00	Officer Director	$0	$0	$0
COLTON MAHER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JESSE GRANT	PAST CHAIR	1.00	Officer Director	$0	$0	$0
JESSICA RICHAU	AMBASSADOR CHAIR	1.00	Director	$0	$0	$0
LEAH BOEDIGHEIMER	WAVE CHAIR	1.00	Director	$0	$0	$0
JILL ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
TODD DEFREECE	DIRECTOR	1.00	Director	$0	$0	$0
MITCH FEIERABEND	DIRECTOR	1.00	Director	$0	$0	$0
CORY JAY	DIRECTOR	1.00	Director	$0	$0	$0
SARAH KINKEADE	DIRECTOR	1.00	Director	$0	$0	$0
NICK MILLER	DIRECTOR	1.00	Director	$0	$0	$0
PAT NETKO	DIRECTOR	1.00	Director	$0	$0	$0
TIM RAMERTH	DIRECTOR	1.00	Director	$0	$0	$0
LORI SCHARENBROICH	DIRECTOR	1.00	Director	$0	$0	$0
FRANK SOUKUP	DIRECTOR	1.00	Director	$0	$0	$0
DAVE SPIZZO	DIRECTOR	1.00	Director	$0	$0	$0
MATT KILIAN	CHAMBER PRESIDENT	40.00	Officer	$162,274	$3,200	$165,474
PAULA DAVIS	TREASURER	35.00	Officer	$56,830	$0	$56,830

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
2025	$2,511,359	$2,372,667	$1,602,759	$138,692
2024	$2,210,711	$2,327,819	$1,461,652	$-117,108
2023	$2,161,538	$2,210,644	$1,086,771	$-49,106
2022	$1,923,184	$1,946,094	$1,305,466	$-22,910
2021	$1,742,497	$1,565,987	$1,284,409	$176,510
2020	$302,253	$434,123	$1,326,632	$-131,870
2020	$1,470,363	$1,345,325	$913,550	$125,038
2019	$1,418,050	$1,461,896	$752,281	$-43,846
2018	$1,363,102	$1,419,068	$870,532	$-55,966

BRAINERD LAKES AREA CHAMBERS OF COMMERCE