ALEX LAKES AREA CHAMBER OF COMMERCE (EIN 410185545) - 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

Legal Domicile

Principal Officer

TARA BITZAN

Phone

3207633161

Tax Period

2024-01-01 to 2024-12-31

ALEX LAKES AREA CHAMBER OF COMMERCE is a small nonprofit in the Community Improvement sector that reported $378K in total revenue in fiscal year 2024. Expenses of $348K left a modest 8% surplus.

Mission

PROMOTE COMMERCE & INDUSTRY IN ALEXANDRIA, MN.

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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 $0

Program Service Revenue $282,874

Investment Income $16,124

Other Revenue $78,565

TOTAL REVENUE $377,563

Expense Breakdown

Grants Paid $0

Salaries & Benefits $241,358

Fundraising Expenses $0

Program Expenses $243,467

Other Expenses $107,055

TOTAL EXPENSES $348,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$377,563	$354,946	+0.1%
Expenses	$348,413	$333,462	+0.0%
Net Income	$29,150	$21,484	+0.4%

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

N/A

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

$89,800

Total Directors

$89,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TARA BITZAN	EXECUTIVE DIR.	40.00	Officer Director	$89,800	$0	$89,800
GREG BOWEN	EXECUTIVE BOARD	0.75	Director	$0	$0	$0
BRAD LENERTZ	President	1.50	Director	$0	$0	$0
TYLER NOTCH	Treasurer	1.50	Director	$0	$0	$0
AMY CHRISTOPHERSON	BOARD MEMBER	0.75	Director	$0	$0	$0
MOLLY COMER	EXECUTIVE BOARD	1.50	Director	$0	$0	$0
JEFF MELAND	BOARD MEMBER	0.75	Director	$0	$0	$0
NICK PAULSEN	BOARD MEMBER	0.75	Director	$0	$0	$0
KELLY JENZEN	BOARD MEMBER	0.75	Director	$0	$0	$0
PATRICK KALINA	Secretary	1.75	Director	$0	$0	$0
MATT HAGSTROM	BOARD MEMBER	0.75	Director	$0	$0	$0
LYNN ARNQUIST	PRESIDENT ELECT	1.50	Director	$0	$0	$0
KREG ANDERSON	BOARD MEMBER	0.75	Director	$0	$0	$0
ANDREW RICKERS	BOARD MEMBER	0.75	Director	$0	$0	$0
SHARI PRAUSE	BOARD MEMBER	0.75	Director	$0	$0	$0
MICHELLE WENCL	BOARD MEMBER	0.75	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	$377,563	$348,413	$830,129	$29,150
2023	$354,946	$333,462	$833,905	$21,484
2022	$329,441	$303,244	$890,862	$26,197
2021	$377,081	$301,327	$789,199	$75,754
2020	$324,395	$293,252	$571,095	$31,143

ALEX LAKES AREA CHAMBER OF COMMERCE