HASTINGS AREA CHAMBER OF COMMERCE AND TOURISM BUREAU (EIN 410940039) - 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

1968

Legal Domicile

Principal Officer

KRISTY BARSE

Phone

6514376775

Tax Period

2024-10-01 to 2025-09-30

HASTINGS AREA CHAMBER OF COMMERCE AND TOURISM BUREAU, founded in 1968, is a small nonprofit that reported $605K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $548K left a modest 9% surplus.

Mission

TO LEAD, PROMOTE, AND ADVOCATE FOR THE HASTINGS AREA BUSINESS COMMUNITY TO REINFORCE A STRONG LOCAL ECONOMY.

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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 $132,883

Program Service Revenue $469,234

Investment Income $3,245

Other Revenue $0

TOTAL REVENUE $605,362

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,517

Fundraising Expenses $24,655

Program Expenses $414,991

Other Expenses $358,616

TOTAL EXPENSES $548,133

Year-over-Year Comparison

	2024	2023	Change
Revenue	$605,362	$529,248	+0.1%
Expenses	$548,133	$527,347	+0.0%
Net Income	$57,229	$1,901	+29.1%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

195

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

$90,623

Total Directors

$90,623

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTY BARSE	PRESIDENT	40.00	Officer Director	$88,919	$1,704	$90,623
TONY CIRO	PAST CHAIR	2.00	Officer Director	$0	$0	$0
MICHELLE TJOMSLAND	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
JOSH MALASKE	FINANCE CHAI	1.00	Officer Director	$0	$0	$0
JASON BAINBRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
AMY FOX	CHAIR ELECT/	2.00	Officer Director	$0	$0	$0
SONYA PRANGE	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE SINDELAR	DIRECTOR	1.00	Director	$0	$0	$0
AMY SUTTON	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE GOLBIRSCH	DIRECTOR	1.00	Director	$0	$0	$0
ABBIE MEYERS	DIRECTOR	1.00	Director	$0	$0	$0
JOBY NOLAN	DIRECTOR	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
2025	$605,362	$548,133	$283,265	$57,229
2024	$529,248	$527,347	$225,869	$1,901
2023	$455,488	$506,869	$225,843	$-51,381
2022	$439,231	$449,680	$274,215	$-10,449
2021	$499,219	$337,536	$284,781	$161,683
2020	$175,527	$236,886	$124,512	$-61,359
2019	$320,301	$314,667	$183,984	$5,634
2018	$324,183	$312,037	$183,502	$12,146

HASTINGS AREA CHAMBER OF COMMERCE AND TOURISM BUREAU