LEECH LAKE AREA CHAMBER OF COMMERCE

EIN: 410826581

WALKER, MN

Total Revenue
$389,683
Total Expenses
$426,316
Total Assets
$541,040
Net Assets
$328,811
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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
1953
Legal Domicile
MN
Principal Officer
SARAH BRUNS
Phone
2185471313
Tax Period
2024-01-01 to 2024-12-31

LEECH LAKE AREA CHAMBER OF COMMERCE, founded in 1953, is a small nonprofit that reported $390K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

ATTRACT AND INFORM AREA VISITORS TO AND ABOUT THE LEECH LAKE AREA.

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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 $126,868
Program Service Revenue $253,204
Investment Income $9,611
Other Revenue $0
TOTAL REVENUE $389,683

Expense Breakdown

Grants Paid $0
Salaries & Benefits $141,351
Fundraising Expenses $0
Other Expenses $284,965
TOTAL EXPENSES $426,316

Year-over-Year Comparison

2024 2023 Change
Revenue $389,683 $413,501 -0.1%
Expenses $426,316 $412,920 +0.0%
Net Income $-36,633 $581 -64.1%
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
13
Independent Members
5
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
6
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TARA ANDERSON VICE-CHAIRPE N/A
Officer
$0 $0 $0
TERRA ANDERSON CHAIRPERSON N/A
Officer
$0 $0 $0
PEG BERG PAST CHAIRPE N/A
Officer
$0 $0 $0
SARAH BRUNS CEO N/A
Officer
$0 $0 $0
MICHELE IHRKE SECRETARY N/A
Officer
$0 $0 $0
DANIEL MORRISETTE TREASURER 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 $389,683 $426,316 $541,040 $-36,633
2023 $413,501 $412,920 $611,013 $581
2022 $327,380 $299,179 $608,206 $28,201
2021 $325,457 $285,294 $591,129 $40,163
2020 $233,292 $242,538 $550,760 $-9,246
2019 $307,286 $289,933 $431,883 $17,353
2018 $310,530 $291,641 $408,055 $18,889
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