Anoka Area Chamber of Commerce

EIN: 410796041

Anoka, MN

Total Revenue
$711,911
Total Expenses
$726,463
Total Assets
$155,110
Net Assets
$157,542
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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
1952
Legal Domicile
MN
Tax Period
2023-10-01 to 2024-09-30

Anoka Area Chamber of Commerce, founded in 1952, is a small nonprofit that reported $712K in total revenue in fiscal year 2023.

Mission

Promotion of commerce i the anoka area by providing publications seminars information specialt events and functions for business people to form relationships

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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 (2023)

Revenue Breakdown

Contributions & Grants $131,342
Program Service Revenue $575,614
Investment Income $1,095
Other Revenue $3,860
TOTAL REVENUE $711,911

Expense Breakdown

Grants Paid $0
Salaries & Benefits $217,726
Fundraising Expenses $376,584
Other Expenses $508,737
TOTAL EXPENSES $726,463

Year-over-Year Comparison

2023 2022 Change
Revenue $711,911 $682,288 +0.0%
Expenses $726,463 $654,519 +0.1%
Net Income $-14,552 $27,769 -1.5%
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
14
Independent Members
14
Employees
2
Volunteers
100

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
17
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Darlene Sogn Vice Chair 0.00
Officer Director
$0 $0 $0
Andy Meyer Past Chair 0.00
Officer Director
$0 $0 $0
Dave Wiggins Director 0.00
Officer Director
$0 $0 $0
Tony Sofio Chairperson 0.00
Officer Director
$0 $0 $0
John LeTorneau Direcor of Manufacturing 0.00
Officer Director
$0 $0 $0
Tami Flygare Admin Assistan 0.00
Officer Director
$0 $0 $0
Kayla Kaufmann Secretary 0.00
Officer Director
$0 $0 $0
Rod Schimmel Treasurer 0.00
Officer Director
$0 $0 $0
Deb Wiehle Director 0.00
Officer Director
$0 $0 $0
Kent Hanson Director 0.00
Officer Director
$0 $0 $0
Naomi Lepore Director 0.00
Officer Director
$0 $0 $0
Peter Turok President 0.00
Officer Director
$0 $0 $0
Mike Fisher Director 0.00
Officer Director
$0 $0 $0
Jeff Richardson Director 0.00
Officer Director
$0 $0 $0
Sean Novak Director 0.00
Officer Director
$0 $0 $0
Liz McFarland Director 0.00
Officer Director
$0 $0 $0
Angela Obert Director 0.00
Officer 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
2025 No data No data No data No data
2024 $711,911 $726,463 $155,110 $-14,552
2023 $682,288 $654,519 $176,484 $27,769
2022 $301,513 $635,373 $150,651 $-333,860
2021 $288,020 $233,996 $155,374 $54,024
2020 $247,744 $262,457 $130,378 $-14,713
2018 $255,668 $243,393 $128,622 $12,275
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