BURNSVILLE CHAMBER OF COMMERCE (EIN 410888763) - 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

1965

Legal Domicile

Principal Officer

JENNIFER HARMENING

Phone

9524356000

Tax Period

2024-01-01 to 2024-12-31

BURNSVILLE CHAMBER OF COMMERCE, founded in 1965, is a small nonprofit that reported $332K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $299K left a modest 10% surplus.

Mission

VISION STATEMENT TO BE THE RECOGNIZED POINT OF CONTACT AND LEAD REPRESENTATIVE FOR BUSINESSES PROVIDING THE RESOURCES THEY NEED TO BE SUCCESSFUL. MISSION STATEMENT TO UNITE AND SUPPORT LOCAL BUSINESSES WITH THE GOAL OF INCREASING ECONOMIC OPPORTUNITIES AND FOSTERING A HEALTHY BUSINESS CLIMATE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $12,042

Program Service Revenue $233,968

Investment Income $14

Other Revenue $85,608

TOTAL REVENUE $331,632

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,611

Fundraising Expenses $0

Program Expenses $286,807

Other Expenses $109,544

TOTAL EXPENSES $299,155

Year-over-Year Comparison

	2024	2023	Change
Revenue	$331,632	$243,960	+0.4%
Expenses	$299,155	$249,538	+0.2%
Net Income	$32,477	$-5,578	-6.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KORI DEJONG	CHAIR	1.00	Officer Director	$0	$0	$0
ERIC CHILDS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER ROSENZWEIG	PAST CHAIR	1.00	Officer Director	$0	$0	$0
ROB HEIMERMAN	TREASURER	1.00	Officer Director	$0	$0	$0
LAURA BASBALLE	DIRECTOR	1.00	Director	$0	$0	$0
TOM BESSEL	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE BOLIN	DIRECTOR	1.00	Director	$0	$0	$0
AMBER BUDD PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
JON DIESSNER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF LAFAVRE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MCCLELLEN	DIRECTOR	1.00	Director	$0	$0	$0
PAUL RIME	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY SCHANUS	DIRECTOR	1.00	Director	$0	$0	$0
CHIP SOLNER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SWANEY	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER HARMENING	PRESIDENT	1.00	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
2024	$331,632	$299,155	$215,454	$32,477
2023	$243,960	$249,538	$156,422	$-5,578
2022	$238,408	$282,937	$152,400	$-44,529
2021	$241,152	$237,061	$201,244	$4,091
2020	$289,773	$228,112	$213,875	$61,661
2019	$253,029	$260,507	$133,583	$-7,478
2018	$263,673	$259,150	$136,650	$4,523

BURNSVILLE CHAMBER OF COMMERCE