RED WING AREA CHAMBER OF COM INC (EIN 410497995) - 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

1913

Legal Domicile

Principal Officer

MICHELLE LARSON

Phone

6513884719

Tax Period

2023-01-01 to 2023-12-31

RED WING AREA CHAMBER OF COM INC, founded in 1913, is a small nonprofit that reported $434K in total revenue in fiscal year 2023.

Mission

THE RED WING AREA CHAMBERS MISSION IS TO ENGAGE, SUPPORT, AND STRENGTHEN AREA VUSINESSES TO ADVANCE THE VITALITY OF OUR COMMUNITIES WHILE HOLDING TO CORE VALUES OF EXCELLENCE, COLLABORATION, INCLUSION, STEWARDSHIP, INNOVATION, AND INTEGRITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $153,992

Program Service Revenue $272,714

Investment Income $7,635

Other Revenue $0

TOTAL REVENUE $434,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $221,981

Fundraising Expenses $0

Program Expenses $385,871

Other Expenses $217,701

TOTAL EXPENSES $439,682

Year-over-Year Comparison

	2023	2022	Change
Revenue	$434,341	$429,687	+0.0%
Expenses	$439,682	$430,098	+0.0%
Net Income	$-5,341	$-411	+12.0%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

150

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

$84,760

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MITCH MCNEIL	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
AARON DEJONG	BOARD DIRECTOR	1.00	Director	$0	$0	$0
CHRIS GOODING	TREASURER	1.00	Officer Director	$0	$0	$0
ROSS LEXVOLD	BOARD DIRECTOR	1.00	Director	$0	$0	$0
ANGIE ONEIL	BOARD DIRECTOR	1.00	Director	$0	$0	$0
BRENDA STELTER	BOARD CHAIR ELECT	1.00	Officer Director	$0	$0	$0
JOHNNY JOHNSON	BOARD DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY KUBES	SECRETARY	1.00	Officer Director	$0	$0	$0
CRAIG NOVACEK	PAST CHAIR	1.00	Officer Director	$0	$0	$0
ALYSON ALBERS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
LARISSA SCOTT	BOARD DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH KNAPP	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE LARSON	EXECUTIVE DIRECTOR PRESIDENT	40.00	Officer	$84,760	$0	$84,760

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	No data	No data	No data	No data
2023	$434,341	$439,682	$581,466	$-5,341
2022	$429,687	$430,098	$564,878	$-411
2021	$396,129	$373,655	$627,856	$22,474
2020	$262,679	$259,802	$568,661	$2,877
2019	$380,665	$403,638	$553,386	$-22,973
2018	$416,975	$394,799	$584,576	$22,176

RED WING AREA CHAMBER OF COM INC