PERHAM AREA CHAMBER OF COMMERCE

EIN: 410654732

PERHAM, MN

Total Revenue
$478,132
Total Expenses
$409,324
Total Assets
$238,278
Net Assets
$182,467
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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
1971
Legal Domicile
MN
Principal Officer
CODY PALUBICKI
Phone
2183467710
Tax Period
2024-01-01 to 2024-12-31

PERHAM AREA CHAMBER OF COMMERCE, founded in 1971, is a small nonprofit that reported $478K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $409K left a modest 14% surplus.

Mission

PROMOTE ECONOMIC DEVELOPMENT

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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 $271,708
Program Service Revenue $73,023
Investment Income $2,451
Other Revenue $130,950
TOTAL REVENUE $478,132

Expense Breakdown

Grants Paid $0
Salaries & Benefits $78,661
Fundraising Expenses $0
Other Expenses $330,663
TOTAL EXPENSES $409,324

Year-over-Year Comparison

2024 2023 Change
Revenue $478,132 $367,705 +0.3%
Expenses $409,324 $320,490 +0.3%
Net Income $68,808 $47,215 +0.5%
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
7
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
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOEY BARTLETT DIRECTOR N/A
Director
$0 $0 $0
MACKENZIE BLUME EXECUTIVE DI N/A
Officer Director
$0 $0 $0
JAKE BOTHWELL DIRECTOR N/A
Director
$0 $0 $0
CASSANDRA HAHN DIRECTOR N/A
Director
$0 $0 $0
ETTA HANSON DIRECTOR N/A
Director
$0 $0 $0
SCOTT LINDGREN DIRECTOR N/A
Director
$0 $0 $0
RACHEL NEU SECRETARY/TR N/A
Officer Director
$0 $0 $0
CODY PALUBICKI PRESIDENT N/A
Officer Director
$0 $0 $0
COLE SCHMITZ DIRECTOR N/A
Director
$0 $0 $0
ANDREW TISCHER DIRECTOR N/A
Director
$0 $0 $0
SANDRA WALDON VICE PRESIDE N/A
Officer Director
$0 $0 $0
NICK THEROX SIGNATURE OF N/A
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 $478,132 $409,324 $238,278 $68,808
2023 $367,705 $320,490 $171,777 $47,215
2022 $334,806 $289,972 $212,484 $44,834
2021 $280,327 $303,274 $266,511 $-22,947
2020 $301,024 $285,296 $164,989 $15,728
2019 $314,431 $319,469 $121,895 $-5,038
2018 $313,380 $321,167 $132,049 $-7,787
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