NEW ULM, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW ULM CHAMBER OF COMMERCE, founded in 1944, is a small nonprofit that reported $644K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $99K, a strong 15% operating margin.
TO PROMOTE COMMERCE WITHIN THE CITY OF NEW ULM AND SURROUNDING AREA.
TOURISM- IN AN EFFORT TO EXPAND OUR TOURISM BASE AND ENTICE VISITORS FOR OVERNIGHT STAYS, WE ADVERTISE USING MAGAZINES, BILLBOARDS, TRADE SHOWS, AND FAM TOURS. WE ALSO DEVELOPED SEVERAL NEW EVENTS...
TOURISM- IN AN EFFORT TO EXPAND OUR TOURISM BASE AND ENTICE VISITORS FOR OVERNIGHT STAYS, WE ADVERTISE USING MAGAZINES, BILLBOARDS, TRADE SHOWS, AND FAM TOURS. WE ALSO DEVELOPED SEVERAL NEW EVENTS. RESULT- OVER 50,000 PEOPLE STAY IN OUR CITY.
HOME SHOW- THIS EVENT BRINGS IN 3,000 PEOPLE TO THE AREA TO SEE THE PRODUCTS AND SERVICES OF AREA BUSINESSES WHICH IS IMPORTANT FOR CONTINUED RETAIL GROWTH, HAD 80 VENDORS IN TWO ARENAS.
OKTOBERFEST- THIS FESTIVAL BROUGHT IN OVER 5,000 PEOPLE TO NEW ULM, WHICH HELPS OUR LOCAL BUSINESSES INCLUDING HOTELS, SHOPS, AND RESTAURANTS. THIS EVENT HELPS SUPPORT OUR CHAMBER ACTIVITIES AND...
OKTOBERFEST- THIS FESTIVAL BROUGHT IN OVER 5,000 PEOPLE TO NEW ULM, WHICH HELPS OUR LOCAL BUSINESSES INCLUDING HOTELS, SHOPS, AND RESTAURANTS. THIS EVENT HELPS SUPPORT OUR CHAMBER ACTIVITIES AND EDUCATIONAL PROGRAMS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $643,590 | $532,865 | +0.2% |
| Expenses | $544,440 | $500,433 | +0.1% |
| Net Income | $99,150 | $32,432 | +2.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DANIELLE FISCHER MARTI | CHAIRPERSON | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRIE TARALSON | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KRISTINE RUECKERT | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANDY LILLEODDEN | PAST CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| TIM GULDAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ARON BODE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RANDY HOREJSI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RICK KAMM | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDSAY HENNDR DANNY HAWKINS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRITTNEY SCHMIESING | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CURT VAN ASTEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KATIE NOSBUSH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAKE BREKKELISA REINARTS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SARAH WARMKA | CEO | 40.00 |
Officer
|
$74,804 | $0 | $74,804 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $643,590 | $544,440 | $1,347,628 | $99,150 |
| 2023 | $532,865 | $500,433 | $1,218,989 | $32,432 |
| 2022 | $475,070 | $428,703 | $1,116,651 | $46,367 |
| 2021 | $377,650 | $283,308 | $1,173,420 | $94,342 |
| 2020 | $296,446 | $308,387 | $975,513 | $-11,941 |
| 2019 | $476,762 | $506,953 | $800,388 | $-30,191 |
| 2018 | $539,902 | $524,886 | $831,457 | $15,016 |
Compare NEW ULM CHAMBER OF COMMERCE with other nonprofits in Minnesota and across the country.