Faribault, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Faribault Chamber of Commerce, founded in 1942, is a small nonprofit that reported $597K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring.
To promote the Faribault area to tourists and potential businesses and to bring local business owners together.
The Chamber initiatives are guided by member committees. In each committee the members set the priorities and establish goals in keeping with the overall mission of the Chamber as defined by the...
The Chamber initiatives are guided by member committees. In each committee the members set the priorities and establish goals in keeping with the overall mission of the Chamber as defined by the Board of Directors. The tourism committee enhances the local economy by attracting visitors through multimedia promotions, conventions, travel shows and publications. The Chamber holds events to bring together members for networking, recognition, and enjoyment. A member task force plans, executes, and evaluates each event. Members can join tasks forces to plan the chamber business expo, Taste of Faribault, golf outing, annual gala, or business awards luncheon.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $597,363 | $901,233 | -0.3% |
| Expenses | $633,605 | $988,548 | -0.4% |
| Net Income | $-36,242 | $-87,315 | -0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Nort Johnson | PresidentCEO | 40.00 |
Officer
Director
|
$100,283 | $13,858 | $114,141 |
| Pam Rezak | Director | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Laura Attenberger | Director | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Nate Chappuis | Director | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jeremy Chavis | Director | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Molly Titchenal | Director | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Anna Thill | Director | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Cory Jensen | Director | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Hailey Harn Warner | Director | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $597,363 | $633,605 | $394,616 | $-36,242 |
| 2023 | No data | No data | No data | No data |
| 2022 | $603,258 | $617,123 | $480,702 | $-13,865 |
| 2021 | $555,327 | $538,673 | $392,255 | $16,654 |
| 2020 | $481,581 | $562,340 | $400,183 | $-80,759 |
| 2019 | $525,969 | $580,477 | $450,176 | $-54,508 |
| 2018 | $567,687 | $619,895 | $490,647 | $-52,208 |
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