DAKOTA COUNTY REGIONAL CHAMBER OF COMMERCE (EIN 410843535) - Form 990 Financial Analysis & Trantor Score

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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

1957

Legal Domicile

Principal Officer

JON ALTHOFF

Phone

6514529872

Tax Period

2023-01-01 to 2023-12-31

DAKOTA COUNTY REGIONAL CHAMBER OF COMMERCE, founded in 1957, is a small nonprofit that reported $388K in total revenue in fiscal year 2023. Expenses of $453K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE DAKOTA COUNTY REGIONAL CHAMBER OF COMMERCE IS THE INFLUENTIAL REGIONAL VOICE THAT CHAMPIONS PROMOTION AND IMPROVEMENT OF THE BUSINESS ENVIRONMENT, CULTIVATING VIBRANT REGIONAL AND LOCAL COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $127,465

Program Service Revenue $280,394

Investment Income $2,250

Other Revenue $-21,690

TOTAL REVENUE $388,419

Expense Breakdown

Grants Paid $0

Salaries & Benefits $296,233

Fundraising Expenses $70,869

Other Expenses $156,337

TOTAL EXPENSES $452,570

Year-over-Year Comparison

	2023	2022	Change
Revenue	$388,419	$400,758	0.0%
Expenses	$452,570	$513,047	-0.1%
Net Income	$-64,151	$-112,289	-0.4%

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

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

$40,833

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON ALTHOFF	CURRENT PRES	40.00	Officer	$40,833	$0	$40,833
KYLE CHANK	IMMED PAST C	2.00	Officer Director	$0	$0	$0
PAUL EGGEN	TREASURER EL	2.00	Officer Director	$0	$0	$0
LISA FRANXMAN	TREASURER	2.00	Officer Director	$0	$0	$0
JEFF ELLIS	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN O'GARA	CHAIR	2.00	Officer Director	$0	$0	$0
JENNIFER FURAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN HELLICKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ERICA KAIRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREA KAJER	BOARD MEMBER	1.00	Director	$0	$0	$0
RAY KRANTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
NICK KRZEMINSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRENCE MERRITT	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL OSNES	BOARD MEMBER	1.00	Director	$0	$0	$0
SARA PAYNE	BOARD MEMEBE	1.00	Director	$0	$0	$0
GENETTE SEKSE AMAR	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTIN SERSLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN SJOLSETH	BOARD MEMBER	1.00	Director	$0	$0	$0
JILL SKOGHEIM	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT SWENSON	CHAIR ELECT	2.00	Officer Director	$0	$0	$0
HOLLI VANOVERBEKE	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE ZIPKO	BOARD MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$388,419	$452,570	$115,148	$-64,151
2022	$400,758	$513,047	$238,341	$-112,289
2021	$441,969	$457,645	$323,941	$-15,676
2020	$387,466	$343,221	$282,017	$44,245
2019	$433,205	$457,106	$187,030	$-23,901
2018	$424,620	$420,474	$216,130	$4,146

DAKOTA COUNTY REGIONAL CHAMBER OF COMMERCE