REDWOOD AREA CHAMBER AND TOURISM

EIN: 410498482 Community Improvement

REDWOOD FALLS, MN

Total Revenue
$201,272
Total Expenses
$161,800
Total Assets
$234,009
Net Assets
$217,376
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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
1990
Legal Domicile
MN
Principal Officer
CARNIE ALLEX
Phone
5076372828
Tax Period
2024-01-01 to 2024-12-31

REDWOOD AREA CHAMBER AND TOURISM, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $201K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $39K, a strong 20% operating margin.

Mission

PROMOTION OF THE CITY AND SURROUNDING AREA

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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 $4,160
Program Service Revenue $194,625
Investment Income $315
Other Revenue $2,172
TOTAL REVENUE $201,272

Expense Breakdown

Grants Paid $13,750
Salaries & Benefits $66,916
Fundraising Expenses $0
Program Expenses $161,800
Other Expenses $81,134
TOTAL EXPENSES $161,800

Year-over-Year Comparison

2024 2023 Change
Revenue $201,272 $217,589 -0.1%
Expenses $161,800 $160,969 +0.0%
Net Income $39,472 $56,620 -0.3%
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
7
Independent Members
7
Employees
3
Volunteers
N/A

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
3
$0
Total Directors
8
$47,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNE JOHNSON EXECUTIVE DI 40.00
Director
$47,500 $0 $47,500
CARNIE ALLEX CHAIR 1.00
Officer Director
$0 $0 $0
RHONDA KERKHOFF DIRECTOR 1.00
Director
$0 $0 $0
JOEL MATHIOWETZ DIRECTOR 1.00
Director
$0 $0 $0
JOEY O'BREIN DIRECTOR 1.00
Director
$0 $0 $0
DR CHELSEY RETTMANN PAST CHAIR 1.00
Officer Director
$0 $0 $0
RAY SWEEETMAN VICE CHAIR 1.00
Officer Director
$0 $0 $0
TREVOR WITTWER DIRECTOR 1.00
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 $201,272 $161,800 $234,009 $39,472
2023 $217,589 $160,969 $209,663 $56,620
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