APPLE VALLEY CHAMBER OF COMMERCE

EIN: 411336187

APPLE VALLEY, MN

Total Revenue
$329,699
Total Expenses
$384,164
Total Assets
$550,957
Net Assets
$413,457
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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
1971
Legal Domicile
MN
Principal Officer
ED KEARNEY
Phone
9524328422
Tax Period
2023-01-01 to 2023-12-31

APPLE VALLEY CHAMBER OF COMMERCE, founded in 1971, is a small nonprofit that reported $330K in total revenue in fiscal year 2023. Expenses of $384K exceeded revenue, resulting in a 17% operating deficit.

Mission

PROMOTING AND SERVING SMALL BUSINESS IN APPLE VALLEY, MN.

Program Service Accomplishments

Program 1

THE APPLE VALLEY CHAMBER IS A STRONG ADVOCATE FOR PROMOTING THE INTERESTS OF LOCAL BUSINESSES. THEY ORGANIZE NETWORKING EVENTS AND PARTICIPATE IN MARKETING EFFORTS, SUCH AS ADVERTISING ON BILLBOARDS...

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THE APPLE VALLEY CHAMBER IS A STRONG ADVOCATE FOR PROMOTING THE INTERESTS OF LOCAL BUSINESSES. THEY ORGANIZE NETWORKING EVENTS AND PARTICIPATE IN MARKETING EFFORTS, SUCH AS ADVERTISING ON BILLBOARDS, NEWSPAPER AND THE WEB. PROMOTIONAL EFFORTS ALSO INCLUDE A TOURISM VISITOR CENTER, NEW BUSINESS RECOGNITION AND NEW RESIDENTS INTRODUCTION TO THE LOCAL BUSINESSES IN APPLE VALLEY MAPS AND BUSINESS DIRECTORY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $106,923
Program Service Revenue $115,593
Investment Income $334
Other Revenue $106,849
TOTAL REVENUE $329,699

Expense Breakdown

Grants Paid $0
Salaries & Benefits $202,979
Fundraising Expenses $0
Other Expenses $181,185
TOTAL EXPENSES $384,164

Year-over-Year Comparison

2023 2022 Change
Revenue $329,699 $343,871 0.0%
Expenses $384,164 $314,252 +0.2%
Net Income $-54,465 $29,619 -2.8%
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

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Governance

Voting Members
10
Independent Members
10
Employees
2
Volunteers
10

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
10
$105,600
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIERSTEN LAWSON BOARD CHAIR 2.00
Officer Director
$0 $0 $0
PEGGY JOHNSON PAST BOARD CHAIR 2.00
Officer Director
$0 $0 $0
HEATHER BIERBRAUER VICE CHAIR 2.00
Officer Director
$0 $0 $0
WILL ELFSTRUM BOARD TREASURER 2.00
Officer Director
$0 $0 $0
JEAN ANDRIES BOARD SECRETARY 2.00
Officer Director
$0 $0 $0
CAREY RICE DIRECTOR 2.00
Officer Director
$0 $0 $0
SCOTT KOECHELER DIRECTOR 2.00
Officer Director
$0 $0 $0
CHAUNCEY OLIVA DIRECTOR 2.00
Officer Director
$0 $0 $0
TERRI SCHMIDT-TROMBLEY DIRECTOR 2.00
Officer Director
$0 $0 $0
EDWARD KEARNEY PRESIDENT 40.00
Officer
$105,600 $0 $105,600
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 No data No data No data No data
2024 No data No data No data No data
2023 $329,699 $384,164 $550,957 $-54,465
2022 $343,871 $314,252 $605,422 $29,619
2021 $254,879 $268,988 $645,213 $-14,109
2020 $250,052 $279,987 $452,412 $-29,935
2019 $373,462 $313,792 $482,347 $59,670
2018 $345,430 $328,286 $422,677 $17,144
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