Faribault Chamber of Commerce (EIN 410246230) - 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

1942

Legal Domicile

Principal Officer

Nort Johnson

Phone

5073344381

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

To promote the Faribault area to tourists and potential businesses and to bring local business owners together.

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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 $270,843

Program Service Revenue $214,786

Investment Income $6,981

Other Revenue $104,753

TOTAL REVENUE $597,363

Expense Breakdown

Grants Paid $0

Salaries & Benefits $283,741

Fundraising Expenses $2,418

Program Expenses $509,483

Other Expenses $349,864

TOTAL EXPENSES $633,605

Year-over-Year Comparison

	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%

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

$114,141

Total Directors

$114,141

Key Employees

Highest Compensated

reported

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

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	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

Faribault Chamber of Commerce