ALEX LAKES AREA CHAMBER OF COMMERCE

EIN: 410185545 Community Improvement

ALEXANDRIA, MN

Total Revenue
$387,647
Total Expenses
$338,118
Total Assets
$832,788
Net Assets
$553,152
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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
MN
Principal Officer
TARA BITZAN
Phone
3207633161
Tax Period
2025-01-01 to 2025-12-31

ALEX LAKES AREA CHAMBER OF COMMERCE is a small nonprofit in the Community Improvement sector that reported $388K in total revenue in fiscal year 2025. Expenses of $338K left a modest 13% surplus.

Mission

PROMOTE COMMERCE & INDUSTRY IN ALEXANDRIA, MN.

Program Service Accomplishments

Program 1

THE CHAMBER SERVICES THE ALEXANDRIA AREA BUSINESS COMMUNITY BY PROMOTING COMMERCE & INDUSTRY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $270,132
Investment Income $20,922
Other Revenue $96,593
TOTAL REVENUE $387,647

Expense Breakdown

Grants Paid $0
Salaries & Benefits $219,087
Fundraising Expenses $0
Other Expenses $119,031
TOTAL EXPENSES $338,118

Year-over-Year Comparison

2025 2024 Change
Revenue $387,647 $377,563 +0.0%
Expenses $338,118 $348,413 0.0%
Net Income $49,529 $29,150 +0.7%
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
5
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
1
$97,990
Total Directors
16
$97,990
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TARA BITZAN EXECUTIVE DIR. 40.00
Officer Director
$97,990 $0 $97,990
LYNN ARNQUIST President 1.50
Director
$0 $0 $0
BRAD LENERTZ Past President 1.50
Director
$0 $0 $0
TYLER NOTCH EXECUTIVE BOARD 1.50
Director
$0 $0 $0
AMY CHRISTOPHERSON BOARD MEMBER 0.75
Director
$0 $0 $0
MOLLY COMER Secretary 1.50
Director
$0 $0 $0
KENT KOPP 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
JEFF MELAND BOARD MEMBER 0.75
Director
$0 $0 $0
MATT HAGSTROM BOARD MEMBER 0.75
Director
$0 $0 $0
SHARLO MEYER BOARD MEMBER 0.75
Director
$0 $0 $0
KREG ANDERSON BOARD MEMBER 0.75
Director
$0 $0 $0
ANDREW RICKERS Treasurer 1.50
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
2025 $387,647 $338,118 $832,788 $49,529
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
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