HUTCHINSON AREA CHAMBER OF COMMERCE

EIN: 410645359

HUTCHINSON, MN

Total Revenue
$322,072
Total Expenses
$366,065
Total Assets
$429,688
Net Assets
$364,122
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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
MN
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.

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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%)

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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

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Governance

Voting Members
11
Independent Members
11
Employees
5
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
5
$87,676
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
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