WILLMAR LAKES AREA CHAMBER OF (EIN 410614425) - 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

1929

Legal Domicile

Principal Officer

MILLER JAMES

Phone

3202350300

Tax Period

2024-01-01 to 2024-12-31

WILLMAR LAKES AREA CHAMBER OF, founded in 1929, is a small nonprofit that reported $470K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

CHAMBER OF COMMERCE - MEMBER ASSOCIATION

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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 $5,255

Program Service Revenue $288,312

Investment Income $843

Other Revenue $176,071

TOTAL REVENUE $470,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $361,507

Fundraising Expenses $0

Program Expenses $123,622

Other Expenses $152,417

TOTAL EXPENSES $513,924

Year-over-Year Comparison

	2024	2023	Change
Revenue	$470,481	$510,129	-0.1%
Expenses	$513,924	$525,493	0.0%
Net Income	$-43,443	$-15,364	+1.8%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAN CAROLINE	DIRECTOR	1.00	Director	$0	$0	$0
JACOBS DAN	DIRECTOR	1.00	Director	$0	$0	$0
KOTRBA DUSTIN	DIRECTOR	1.00	Director	$0	$0	$0
MARTINEZ JAMIE	DIRECTOR	1.00	Director	$0	$0	$0
GESELIUS JEAN	DIRECTOR	1.00	Director	$0	$0	$0
O'FARRELL KELLY	DIRECTOR	1.00	Director	$0	$0	$0
QUAM SAM	DIRECTOR	1.00	Director	$0	$0	$0
NORLING SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
HASS SUZANNE	DIRECTOR	1.00	Director	$0	$0	$0
CASKEY ANGIE	VICE CHAIR	1.00	Officer	$0	$0	$0
MILLER JAMES	PRESIDENT	40.00	Officer	$0	$0	$0
GARDNER STEVE	CHAIR	1.00	Officer	$0	$0	$0
WOOD TERRI	SECRETARY/TR	1.00	Officer	$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	$470,481	$513,924	$344,698	$-43,443
2023	$510,129	$525,493	$359,640	$-15,364
2022	$445,019	$483,271	$342,303	$-38,252
2021	$487,396	$438,227	$454,880	$49,169
2020	$420,073	$418,785	$482,481	$1,288
2019	$475,352	$462,285	$348,404	$13,067
2018	$423,136	$449,765	$366,654	$-26,629

WILLMAR LAKES AREA CHAMBER OF