METRONORTH ANOKA CO CHAMBER OF COM… - Form 990 Financial Data

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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

LORI HIGGINS

Phone

7637833553

Tax Period

2022-01-01 to 2022-12-31

METRONORTH ANOKA CO CHAMBER OF COMMERCE, founded in 1968, is a small nonprofit that reported $356K in total revenue in fiscal year 2022.

Mission

CHAMBER OF COMMERCE BUSINESS PROMOTION

Program Service Accomplishments

Program 1

TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR MEMBERS, TO ALLOW MEMBERS TO NETWORK WITH EACH OTHER AND TO FOSTER NEW BUSINESS DEVELOPMENT WITHIN THE CHAMBER.

Program 2

TO PROMOTE OPPORTUNITIES FOR CHAMBER MEMBERS TO DISCUSS LEGISLATIVE ISSUES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $45,435

Program Service Revenue $263,594

Investment Income $420

Other Revenue $46,090

TOTAL REVENUE $355,539

Expense Breakdown

Grants Paid $0

Salaries & Benefits $261,004

Fundraising Expenses $0

Other Expenses $115,347

TOTAL EXPENSES $376,351

Year-over-Year Comparison

	2022	2021	Change
Revenue	$355,539	$364,799	0.0%
Expenses	$376,351	$314,358	+0.2%
Net Income	$-20,812	$50,441	-1.4%

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

100

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

$96,375

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE KAEDING	CHAIR	2.00	Officer Director	$0	$0	$0
SCOTT HANSON	PAST CHAIR	1.00	Director	$0	$0	$0
BOB HYLLAND	MEMBER	1.00	Director	$0	$0	$0
AMY WEBER DERAAD	MEMBER	1.00	Director	$0	$0	$0
ANDREA MELBERG THOMPSON	MEMBER	1.00	Director	$0	$0	$0
KIM NYBO	TREASURER	2.00	Officer Director	$0	$0	$0
STEFANI HAVEL	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ABIGAIL JOHNSON	MEMBER	1.00	Director	$0	$0	$0
HEATHER FARR	MEMBER	1.00	Director	$0	$0	$0
NATE KLAUSER	MEMBER	1.00	Director	$0	$0	$0
ERIK HEGG	MEMBER	1.00	Director	$0	$0	$0
KATIE MISUKANIS	MEMBER	1.00	Director	$0	$0	$0
LESA THOMPSON STEGNER	MEMBER	1.00	Director	$0	$0	$0
LORI HIGGINS	EXECUTIVE DIRECTOR	40.00	Officer	$96,375	$0	$96,375

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	No data	No data	No data	No data
2022	$355,539	$376,351	$332,472	$-20,812
2021	$364,799	$314,358	$347,627	$50,441
2020	$295,500	$263,445	$296,959	$32,055
2019	$361,750	$344,374	$264,443	$17,376
2018	$355,993	$315,751	$245,168	$40,242

METRONORTH ANOKA CO CHAMBER OF COMMERCE