ST CLOUD AREA CHAMBER OF COMMERCE … - Form 990 Financial Data

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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

1869

Legal Domicile

Principal Officer

JULIE LUNNING

Phone

3202512940

Tax Period

2023-09-01 to 2024-08-31

ST CLOUD AREA CHAMBER OF COMMERCE INC, founded in 1869, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023.

Mission

THE ST CLOUD AREA CHAMBER OF COMMERCE IS THE PREMIER REPRESENTATIVE OF THE BUSINESS COMMUNITY. SUPPORTED AND LED BY MEMBERS AND PROFESSIONAL STAFF, WE CREATE, ENHANCE AND SUPPORT A HEALTHY BUSINESS ENVIRONMENT FOR OUR MEMBERS.

Program Service Accomplishments

Program 1

THE ST CLOUD AREA CHAMBER OF COMMERCE IS A REGIONAL MEMBERSHIP ORGANIZATION MADE UP OF DIVERSE BUSINESSES. WE INCREASE BUSINESS CONTACTS, PROVIDE PROFESSIONAL DEVELOPMENT, AND PROVIDE LEADERSHIP AND...

Program 2

DURING OUR FISCAL YEAR ENDING 8-31-2024, THE CHAMBER OF COMMERCE SUCCESSFULLY HELD 7 SPECIAL EVENTS WITH THOUSANDS IN ATTENDANCE AS WELL AS 12 SAUK RAPIDS AND 12 WAITE PARK CHAMBER MEETINGS, 46...

DURING OUR FISCAL YEAR ENDING 8-31-2024, THE CHAMBER OF COMMERCE SUCCESSFULLY HELD 7 SPECIAL EVENTS WITH THOUSANDS IN ATTENDANCE AS WELL AS 12 SAUK RAPIDS AND 12 WAITE PARK CHAMBER MEETINGS, 46 CHAMBER CONNECTION NETWORKING MEETINGS, 12 BUSINESS AFTER HOURS NETWORKING EVENTS, A 6-WEEK SUPERVISOR DEVELOPMENT PROGRAM, 9-MONTH LEADERSHIP PROGRAM, 12 NEXT EMERGING LEADERS NETWORKING LUNCHES, 12 NEW MEMBER MIXERS, 12+ GOVERNMENT AFFAIRS EVENTS INCLUDING A TRIP TO WASHINGTON, D.C., 10 LUNCHTIME LEARNING PROFESSIONAL DEVELOPMENT SEMINARS, DEI SUMMIT, PLUS MANY OTHER OPPORTUNITIES FOR MEMBERS TO CONNECT, LEARN AND GROW. EACH INITIATIVE IS CONDUCTED BY A TALENTED STAFF ALONG WITH OVER 20 DIFFERENT VOLUNTEER COMMITTEES MADE UP OF MEMBERS WHO SHARE THEIR TIME AND TALENTS TO ENSURE THAT THE CHAMBER CONTINUES TO BE AN EFFECTIVE RESOURCE FOR BUSINESSES IN CENTRAL MINNESOTA AND BEYOND.

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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 $1,374,037

Program Service Revenue $376,863

Investment Income $35,198

Other Revenue $-7,532

TOTAL REVENUE $1,778,566

Expense Breakdown

Grants Paid $0

Salaries & Benefits $996,669

Fundraising Expenses $0

Other Expenses $757,299

TOTAL EXPENSES $1,753,968

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,778,566	$1,683,363	+0.1%
Expenses	$1,753,968	$1,730,997	+0.0%
Net Income	$24,598	$-47,634	-1.5%

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

160

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

$165,431

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN JOHNSON	CHAIR	1.00	Officer Director	$0	$0	$0
TANJA GOERING	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BERNIE PERRYMAN	PAST CHAIR	0.50	Officer Director	$0	$0	$0
JOE HELLIE	DIRECTOR	0.50	Director	$0	$0	$0
RON BRANDENBURG	DIRECTOR	0.50	Director	$0	$0	$0
DOUG COOK	DIRECTOR	0.50	Director	$0	$0	$0
LAURIE PUTNAM	DIRECTOR	0.50	Director	$0	$0	$0
MARILYN BIRKLAND	DIRECTOR	0.50	Director	$0	$0	$0
JASON WOODS	DIRECTOR	0.50	Director	$0	$0	$0
BRENDA SICKLER	DIRECTOR	0.50	Director	$0	$0	$0
DONELLA WESTPHAL	DIRECTOR	0.50	Director	$0	$0	$0
RAY HERRINGTON	DIRECTOR	0.50	Director	$0	$0	$0
PATRICK HOLLERMANN	DIRECTOR	0.50	Director	$0	$0	$0
PAUL RADEKE	DIRECTOR	0.50	Director	$0	$0	$0
COLLEEN ZOFFKA	DIRECTOR	0.50	Director	$0	$0	$0
HUDDA IBRAHIM	DIRECTOR	0.50	Director	$0	$0	$0
MATT LAUBACH	DIRECTOR	0.50	Director	$0	$0	$0
JULIE LUNNING	PRESIDENT	45.00	Officer	$148,425	$17,006	$165,431

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
2024	$1,778,566	$1,753,968	$1,921,644	$24,598
2023	$1,683,363	$1,730,997	$1,968,587	$-47,634
2022	$1,788,456	$1,544,601	$2,011,836	$243,855
2021	$2,176,466	$1,917,763	$2,025,264	$258,703
2020	$1,725,436	$1,771,625	$1,682,036	$-46,189
2019	$2,093,231	$2,028,188	$1,750,516	$65,043
2018	$2,050,264	$1,960,233	$1,796,984	$90,031

ST CLOUD AREA CHAMBER OF COMMERCE INC