BEMIDJI AREA CHAMBER OF COMMERCE (EIN 410192900) - 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

1907

Legal Domicile

Principal Officer

SCOTT TURN

Phone

2184443541

Tax Period

2024-09-01 to 2025-08-31

BEMIDJI AREA CHAMBER OF COMMERCE, founded in 1907, is a small nonprofit that reported $311K in total revenue in fiscal year 2024.

Mission

TO ADVOCATE FOR THE BUSINESS COMMUNITY BY PROVIDING LEADERSHIP, COMMUNICATION AND ACT AS A REFERRAL RESOURCE.

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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 $260,396

Investment Income $9,571

Other Revenue $41,411

TOTAL REVENUE $311,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,688

Fundraising Expenses $0

Other Expenses $203,695

TOTAL EXPENSES $339,383

Year-over-Year Comparison

	2024	2023	Change
Revenue	$311,378	$323,863	0.0%
Expenses	$339,383	$331,783	+0.0%
Net Income	$-28,005	$-7,920	+2.5%

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

$68,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT TURN	PRESIDENT	40.00	Officer	$68,750	$0	$68,750
JORDAN ANDERSON	OFFICER AT L	0.25	Officer Director	$0	$0	$0
BRUCE BENTFIELD	VICE CHAIR,	0.25	Officer Director	$0	$0	$0
AMANDA HAUGEN	DIRECTOR	0.25	Director	$0	$0	$0
PAULA HOWARD	DIRECTOR	0.25	Director	$0	$0	$0
DANA LEE	DIRECTOR	0.25	Director	$0	$0	$0
MIKE MCNIEL	DIRECTOR	0.25	Director	$0	$0	$0
CARISSA MENEFEE	DIRECTOR	0.25	Director	$0	$0	$0
BRANDON MUSTFUL	DIRECTOR	0.25	Director	$0	$0	$0
BRAD OLSON	CHAIR	0.50	Officer Director	$0	$0	$0
AMANDA SANDE	DIRECTOR	0.25	Director	$0	$0	$0
KELLY LA VENTURE	DIRECTOR	0.25	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	$311,378	$339,383	$75,216	$-28,005
2024	$323,863	$331,783	$102,932	$-7,920
2023	$288,398	$334,274	$112,204	$-45,876
2022	$256,995	$257,756	$158,041	$-761
2021	$326,961	$183,326	$154,314	$143,635
2020	$282,835	$234,502	$45,854	$48,333
2019	$207,650	$210,781	$56,714	$-3,131

BEMIDJI AREA CHAMBER OF COMMERCE