Winona Area Chamber of Commerce

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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

1912

Legal Domicile

Phone

5074522272

Tax Period

2024-01-01 to 2024-12-31

Winona Area Chamber of Commerce, founded in 1912, is a small nonprofit that reported $600K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE BUSINESS DEVELOPMENT AND TOURISM IN WINONA MINNESOTA AND THE SURROUNDING AREA

Program Service Accomplishments

Program 1

Expenses: $98,160 Revenue: $226,699

MEMBERSHIP PROGRAM PROVIDES THEIR MEMBERS VALUE THROUGH BUSINESS ADVOCACY, TRAINING, ECONOMIC DEVELOPMENT AND THE SUPPORT OF TOURISM.

Program 2

Expenses: $78,494 Revenue: $52,730

THE CHAMBER HAS DEVELOPED A VARIETY OF TASK FORCES TO SUPPLY WINONA BUSINESSES AND THEIR EMPLOYEES WITH LEARNING AND NETWORKING OPPORTUNITIES.

Program 3

Expenses: $76,820 Revenue: $36,739

WINONA MAIN STREET PROGRAM SUPPORTS DEVELOPMENT AND BUSINESS GROWTH IN THE HISTORIC DOWNTOWN DISTRICT.

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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 $373,144

Program Service Revenue $155,193

Investment Income $2,058

Other Revenue $69,682

TOTAL REVENUE $600,077

Expense Breakdown

Grants Paid $0

Salaries & Benefits $392,465

Fundraising Expenses $67,143

Program Expenses $427,171

Other Expenses $262,328

TOTAL EXPENSES $654,793

Year-over-Year Comparison

	2024	2023	Change
Revenue	$600,077	$522,593	+0.1%
Expenses	$654,793	$617,768	+0.1%
Net Income	$-54,716	$-95,175	-0.4%

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

175

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

$125,108

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTIE RANSOM	PRESIDENT	40.00	Key Emp	$115,083	$10,025	$125,108
JON OLSON	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
SHAWN BEIER	DIRECTOR	1.00	Director	$0	$0	$0
TINA LEHNERTZ	DIRECTOR	1.00	Director	$0	$0	$0
ROSS LEXVOLD	DIRECTOR	1.00	Director	$0	$0	$0
STAN BREITLOW	CHAIR	1.00	Officer Director	$0	$0	$0
AMBER HAMERNIK	TREASURER	1.00	Officer Director	$0	$0	$0
MANDY HANSEL	DIRECTOR	1.00	Director	$0	$0	$0
JASON GAMOKE	DIRECTOR	1.00	Director	$0	$0	$0
MIKE PUETZ	DIRECTOR	1.00	Director	$0	$0	$0
MARSHA DANIELSON	DIRECTOR	1.00	Director	$0	$0	$0
JARED LITERSKI	DIRECTOR	1.00	Director	$0	$0	$0
KENDRA MAGGERT	DIRECTOR	1.00	Director	$0	$0	$0
KATRICE SISSON	PAST CHAIR	1.00	Officer Director	$0	$0	$0
JANNEKE SOBECK	AT LARGE	1.00	Officer Director	$0	$0	$0
KEVIN RITZ	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	$600,077	$654,793	$399,531	$-54,716
2023	$522,593	$617,768	$380,399	$-95,175
2022	$566,676	$563,126	$486,304	$3,550
2021	$629,047	$540,464	$469,418	$88,583
2020	$696,032	$539,575	$393,337	$156,457
2019	$491,897	$498,975	$222,576	$-7,078
2018	$500,133	$500,881	$259,788	$-748