HIBBING CHAMBER OF COMMERCE

EIN: 410310827

HIBBING, MN

Total Revenue
$245,970
Total Expenses
$255,062
Total Assets
$172,185
Net Assets
$98,277
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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
1939
Legal Domicile
MN
Principal Officer
SHELLY HANSON
Phone
2182623895
Tax Period
2024-01-01 to 2024-12-31

HIBBING CHAMBER OF COMMERCE, founded in 1939, is a small nonprofit that reported $246K in total revenue in fiscal year 2024.

Mission

CREATE, PROTECT, AND ENHANCE A HEALTHY BUSINESS ENVIRONMENT FOR THE BENEFIT OF OUR MEMBERS AND THE ENTIRE COMMUNITY. INFORM OUR COMMUNITY, EDUCATE BUSINESSES AND FUTURE LEADERS, PROMOTE MEMBER BUSINESSES, ADVOCATE FOR BUSINESSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $168,399
Program Service Revenue $42,892
Investment Income $-6,033
Other Revenue $40,712
TOTAL REVENUE $245,970

Expense Breakdown

Grants Paid $0
Salaries & Benefits $163,619
Fundraising Expenses $0
Other Expenses $91,443
TOTAL EXPENSES $255,062

Year-over-Year Comparison

2024 2023 Change
Revenue $245,970 $246,732 0.0%
Expenses $255,062 $237,472 +0.1%
Net Income $-9,092 $9,260 -2.0%
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
18
Independent Members
18
Employees
4
Volunteers
30

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
6
$62,747
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTIE KEARNEY BOARD MEMBER 0.50
Director
$0 $0 $0
KRYSTAL GLAD BOARD MEMBER 0.50
Director
$0 $0 $0
JOE FATTICI BOARD MEMBER 0.50
Director
$0 $0 $0
DUSTIN HOOPER BOARD MEMBER 0.50
Director
$0 $0 $0
EMILY LAW BOARD MEMBER 0.50
Director
$0 $0 $0
KRISTINA CLEMENT BOARD MEMBER 0.50
Director
$0 $0 $0
LORI THOMPSON BOARD MEMBER 0.50
Director
$0 $0 $0
DAN HOUCK BOARD MEMBER 0.50
Director
$0 $0 $0
JAMES HELMS BOARD MEMBER 0.50
Director
$0 $0 $0
JAMES PLESE BOARD MEMBER 0.50
Director
$0 $0 $0
JAMIE LINDSETH BOARD MEMBER 0.50
Director
$0 $0 $0
BARRETT ZIEMER BOARD MEMBER 0.50
Director
$0 $0 $0
SHELLY HANSON PRESIDENT 40.00
Officer
$62,747 $0 $62,747
TASHA NIEMI CHAIR 0.50
Officer Director
$0 $0 $0
MELISSA COX FIRST VICE CHAIR 0.50
Officer Director
$0 $0 $0
PETE KERO SECOND VICE CHAIR 0.50
Officer Director
$0 $0 $0
JENNIFER WAINIONPAA TREASURER 1.00
Officer Director
$0 $0 $0
AARON REINI PAST CHAIR 0.50
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
2024 $245,970 $255,062 $172,185 $-9,092
2023 $246,732 $237,472 $168,101 $9,260
2022 $216,308 $207,579 $152,916 $8,729
2021 $207,188 $239,411 $142,932 $-32,223
2020 $193,658 $184,770 $124,041 $8,888
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