LAKEVILLE CHAMBER OF COMMERCE INC (EIN 410902928) - 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

1948

Legal Domicile

Principal Officer

KRISTA JECH

Phone

9524692020

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

TO SERVE AS THE ADVOCATE, RESOURCE AND LEADER FOR ITS MEMBERS AND THE BUSINESS COMMUNITY.

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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 $0

Program Service Revenue $778,875

Investment Income $12,032

Other Revenue $59,824

TOTAL REVENUE $850,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $386,924

Fundraising Expenses $0

Other Expenses $532,908

TOTAL EXPENSES $919,832

Year-over-Year Comparison

	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%

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

$113,314

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

LAKEVILLE CHAMBER OF COMMERCE INC