BRAINERD LAKES AREA CHAMBERS OF COMMERCE (EIN 410162195) - 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

1952

Legal Domicile

Principal Officer

MATT KILIAN

Phone

2188292838

Tax Period

2024-01-01 to 2024-12-31

BRAINERD LAKES AREA CHAMBERS OF COMMERCE, founded in 1952, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024.

Mission

PROMOTE COMMERCE IN THE BRAINERD LAKES 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 (2024)

Revenue Breakdown

Contributions & Grants $585,330

Program Service Revenue $1,521,216

Investment Income $11,926

Other Revenue $92,239

TOTAL REVENUE $2,210,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,122,612

Fundraising Expenses $0

Other Expenses $1,205,207

TOTAL EXPENSES $2,327,819

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,210,711	$2,161,538	+0.0%
Expenses	$2,327,819	$2,210,644	+0.1%
Net Income	$-117,108	$-49,106	+1.4%

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

$214,590

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	$158,746	$3,120	$161,866
PAULA DAVIS	TREASURER	35.00	Officer	$52,724	$0	$52,724

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	$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