HUTCHINSON 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

1948

Legal Domicile

Principal Officer

JOHN SANKEN

Phone

3205875252

Tax Period

2024-01-01 to 2024-12-31

HUTCHINSON AREA CHAMBER OF COMMERCE, founded in 1948, is a small nonprofit that reported $322K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $366K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE ORGANIZATION EXISTS TO ENHANCE BUSINESS AND CULTURAL ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $30,343 Revenue: $47,103

THE HUTCHINSON AREA CHAMBER OF COMMERCE IS ENGAGED IN THE PROMOTION OF AREA BUSINESSES AND ACTIVITIES THROUGH PUBLIC AWARENESS, EDUCATION, CIVIC, AND CULTURAL PROGRAMS. A VARIETY OF EVENTS AND...

THE HUTCHINSON AREA CHAMBER OF COMMERCE IS ENGAGED IN THE PROMOTION OF AREA BUSINESSES AND ACTIVITIES THROUGH PUBLIC AWARENESS, EDUCATION, CIVIC, AND CULTURAL PROGRAMS. A VARIETY OF EVENTS AND PROGRAMS ARE HOSTED ANNUALLY TO SUPPORT VARIOUS INDUSTRIES, INCLUDING BUT NOT LIMITED TO : AG SEMINAR, DAIRY DAYS, ARTS & CRAFTS FESTIVAL, GOLF CHALLENGE, AND SMALL BUSINESS SATURDAY.

Program 2

Expenses: $247,408 Revenue: $113,395

ITS DIVISION, THE HUTCHINSON AREA CONVENTION & VISITORS BUREAU, RECEIVES FUNDING FROM CITY OF HUTCHINSON LODGING TAXES TO PROMOTE THE CITY OF HUTCHINSON AS A TOURIST DESTINATION. THE VISITOR GUIDE IS PUBLISHED TO AID TOURISTS WITH AREA ATTRATCTIONS AND CURRENT EVENTS. MARKETING ADS ARE USED IN A VARIETY OF PUBLICATIONS, AND EVENTS HAVE BEEN DESIGNED TO DRAW PEOPLE TO HUTCHINSON. THE CHAMBER SUPPORTS LARGE EVENTS WHICH ALSO DRAW NUMEROUS PEOPLE TO OUR AREA.

Program 3

Expenses: $3,964

THE HUTCHINSON AMBASSADORS ARE THE SOCIAL & WELCOMING ARM OF THE CHAMBER, WELCOMING NEW BUSINESSES AND CELEBRATING MILESTONES WITHIN THE COMMUNITY. THE AMBASSADORS HOST BUSINESS AFTER HOURS, TASTE OF HUTCHINSON, AND TASTE OF THE HOLIDAYS. SPECIAL FUNDRAISING PROJECTS FOCUS ON COMMUNITY IMPROVEMENT AND PRIDE.

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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 $123,395

Program Service Revenue $146,921

Investment Income $2,562

Other Revenue $49,194

TOTAL REVENUE $322,072

Expense Breakdown

Grants Paid $0

Salaries & Benefits $188,561

Fundraising Expenses $0

Program Expenses $281,715

Other Expenses $177,504

TOTAL EXPENSES $366,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$322,072	$343,045	-0.1%
Expenses	$366,065	$329,392	+0.1%
Net Income	$-43,993	$13,653	-4.2%

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

$87,676

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY HODSON	FORMER PRESI	40.00	Officer	$59,426	$5,000	$64,426
VALERIE MACKENTHUN	PRESIDENT	40.00	Officer	$21,250	$2,000	$23,250
JILL SPRINGER BLOEMKE	DIRECTOR	2.00	Director	$0	$0	$0
DON DEMEYER	DIRECTOR	2.00	Director	$0	$0	$0
JORDON MALONE	DIRECTOR	2.00	Director	$0	$0	$0
DON MARTINEZ	DIRECTOR	2.00	Director	$0	$0	$0
TONY MONTEFORTE	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN RENNER	DIRECTOR	2.00	Director	$0	$0	$0
JOHN SANKEN	PAST DIRECTO	2.00	Director	$0	$0	$0
JOHN SOMMERS	DIRECTOR	2.00	Director	$0	$0	$0
LEAH WATZKE	DIRECTOR	2.00	Director	$0	$0	$0
BEN BECKMAN	TREASURER	2.00	Officer	$0	$0	$0
JEREMY CARTER	CHAIR ELECT	2.00	Officer	$0	$0	$0
ADAM FINK	CHAIR	2.00	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
2025	No data	No data	No data	No data
2024	$322,072	$366,065	$429,688	$-43,993
2023	$343,045	$329,392	$480,083	$13,653
2022	$367,815	$328,252	$469,921	$39,563
2021	$333,040	$254,731	$417,412	$78,309
2020	$283,630	$260,516	$339,016	$23,114
2019	$294,316	$285,519	$319,749	$8,797
2018	$299,535	$290,690	$313,639	$8,845