REDWOOD AREA CHAMBER AND TOURISM

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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

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

Program Service Accomplishments

Program 1

Expenses: $89,377

VARIOUS SERVICES TO PROMOTE THE CITY OF REDWOOD FALLS AND THE SURROUNDING AREA.

Program 2

Expenses: $31,865

VARIOUS SERVICES AND EVENTS TO PROMOTE AGRICULTURE IN THE CITY OF REDWOOD FALLS AND THE SURROUNDING AREA.

Program 3

Expenses: $40,558

PROMOTING THE CITY OF REDWOOD FALLS THROUGH THE COLLECTION OF LOCAL LODGING TAX FUNDS

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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 $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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

$47,500

Key Employees

Highest Compensated

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