LAKEVILLE, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LAKEVILLE CHAMBER OF COMMERCE INC, founded in 1948, is a small nonprofit that reported $851K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.
THE LAKEVILLE AREA CHAMBER OF COMMERCE WILL SERVE AS THE ADVOCATE, RESOURCE AND LEADER FOR ITS MEMBERS AND THE BUSINESS COMMUNITY BY DELIVERING NETWORKING AND MARKETING OPPORTUNITIES, ASSISTING ECONOMIC DEVELOPMENT, PROVIDING MEMBER EDUCATION AND PROMOTING TOURISM.
PROVIDE COMMUNITY SUPPORT AND INFORMATIONAL PROGRAMS AND EVENTS OPEN TO THE PUBLIC TO STIMULATE INTEREST IN COMMUNITY BUSINESS AND AWARENESS. ATTENDED BY APPROXIMATELY 7,000 ANNUALY. THE ORGANIZATION...
PROVIDE COMMUNITY SUPPORT AND INFORMATIONAL PROGRAMS AND EVENTS OPEN TO THE PUBLIC TO STIMULATE INTEREST IN COMMUNITY BUSINESS AND AWARENESS. ATTENDED BY APPROXIMATELY 7,000 ANNUALY. THE ORGANIZATION CREATED A MAIL DIRECTORY THAT WENT OUT TO OVER 3,500 PEOPLE.THE COMPANY ALSO CREATED A BUSINESS-TO- BUSINESS RESOURCE MAGAZINE THAT WAS MAILED TO APPROXIMATELY 2,000 BUSINESSES.
HOST GENERAL MEMBERSHIP SEMINARS AND MEETINGS TO KEEP MEMBER AND INTERESTED CITIZENS INFORMED ON LOCAL, STATE, AND PROFESSIONAL MATTERS AFFECTING THE AREA. APPROXIMATELY 800 PEOPLE ATTEND ANNUALLY...
HOST GENERAL MEMBERSHIP SEMINARS AND MEETINGS TO KEEP MEMBER AND INTERESTED CITIZENS INFORMED ON LOCAL, STATE, AND PROFESSIONAL MATTERS AFFECTING THE AREA. APPROXIMATELY 800 PEOPLE ATTEND ANNUALLY. HOST NETWORKING EVENTS AND MARKETING OPPORTUNITIES FOR MEMBERS. APPROXIMATELY 3,000 PEOPLE ATTEND ANNUALLY.
LAKEVILLE WORKS - A PROGRAM TO ADDRESS THE SKILLED LABOR WORKFORCE SHORTAGE IN LAKEVILLE. A GROUP OF DONORS HAVE GIVEN THE CHAMBER THE ABILITY TO PARTNER WITH THE SCHOOL DISTRICT AND CITY TO CREATE...
LAKEVILLE WORKS - A PROGRAM TO ADDRESS THE SKILLED LABOR WORKFORCE SHORTAGE IN LAKEVILLE. A GROUP OF DONORS HAVE GIVEN THE CHAMBER THE ABILITY TO PARTNER WITH THE SCHOOL DISTRICT AND CITY TO CREATE EXPOSURE TO STUDENTS, PARENTS, AND EDUCATORS ABOUT THE OPPORTUNITIES IN THE TRADES HERE IN LAKEVILLE. DONOR DOLLARS HELP TO FUND EQUIPMENT DONATION, MARKETING, SCHOLARSHIPS, WEBSITE DEVELOPMENT, PROFESSIONAL RESOURCES AND MORE. MISSION STATEMENT: TO INCREASE AWARENESS OF IN-DEMAND CAREERS IN OUR COMMUNITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $850,731 | $784,651 | +0.1% |
| Expenses | $919,832 | $794,045 | +0.2% |
| Net Income | $-69,101 | $-9,394 | +6.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BRADY FOLKESTAD | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MATT SCHAAP | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| AMY ERKENBRACK | PAST CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MIKE UTZ | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MIKE BLANCHARD | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEVE ALLEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKE FORBORD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KRISTA JECH | CHAMBER PRES | 40.00 |
Officer
|
$110,095 | $3,219 | $113,314 |
| BRIAN KNAPP | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ALANA KNIEFEL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JACK PAHL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK REESE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MELISSA SCOLES | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $850,731 | $919,832 | $853,677 | $-69,101 |
| 2024 | $850,731 | $919,832 | $853,677 | $-69,101 |
| 2023 | $784,651 | $794,045 | $844,561 | $-9,394 |
| 2022 | $800,284 | $705,870 | $858,441 | $94,414 |
| 2021 | $715,672 | $605,771 | $782,800 | $109,901 |
| 2020 | $731,480 | $586,147 | $683,325 | $145,333 |
| 2019 | $667,437 | $626,141 | $529,807 | $41,296 |
| 2018 | $621,337 | $601,420 | $483,967 | $19,917 |
Compare LAKEVILLE CHAMBER OF COMMERCE INC with other nonprofits in Minnesota and across the country.