SHAKOPEE AREA CHAMBER OF COMMERCE

EIN: 411367856 Community Improvement

SHAKOPEE, MN

Total Revenue
$1,029,749
Total Expenses
$910,516
Total Assets
$518,802
Net Assets
$237,682
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
MN
Principal Officer
TIM ZUNKER
Phone
9524451660
Tax Period
2024-01-01 to 2024-12-31

SHAKOPEE AREA CHAMBER OF COMMERCE, founded in 1955, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $911K left a modest 12% surplus.

Mission

TO STRENGTHEN OUR COMMUNITY BY ADVANCING BUSINESS, TOURISM, AND THE ECONOMY.

Program Service Accomplishments

Program 1

THE SHAKOPEE CHAMBER CONNECTS LOCAL BUSINESSES, SERVICE ORGANIZATIONS, AND ALL LEVELS OF GOVERNMENT TO CREATE AN ENVIRONMENT WHERE PEOPLE WANT TO LIVE, WORK, AND PLAY. THE CHAMBER IS A VOLUNTARY...

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THE SHAKOPEE CHAMBER CONNECTS LOCAL BUSINESSES, SERVICE ORGANIZATIONS, AND ALL LEVELS OF GOVERNMENT TO CREATE AN ENVIRONMENT WHERE PEOPLE WANT TO LIVE, WORK, AND PLAY. THE CHAMBER IS A VOLUNTARY, NOT-FOR-PROFIT BUSINESS ORGANIZATION DEDICATED TO IMPROVING THE ECONOMIC ENVIRONMENT OF THE COMMUNITY AS AN ACTIVE, PROBLEM-SOLVING ORGANIZATION. THE SHAKOPEE CHAMBER OF COMMERCE FOCUSES ON ECONOMIC DEVELOPMENT, WORKFORCE DEVELOPMENT, AND LEGISLATIVE ADVOCACY AND MEMBERSHIP SERVICES. THE STRENGTH OF THE CHAMBER LIES IN ITS MEMBERSHIP, SMALL BUSINESSES, LARGE CORPORATIONS, HOME-BASED BUSINESSES, AND PROFESSIONAL MEN AND WOMEN, WORKING TOGETHER TO ENHANCE THE QUALITY OF LIFE IN SHAKOPEE THROUGH A WIDE VARIETY OF PROGRAMS AND INITIATIVES. THE SHAKOPEE CHAMBER WORKS TO POSITIVELY IMPACT THE QUALITY OF LIFE IN THE REGION, WHILE SUPPORTING THE GROWTH AND PROSPERITY OF OUR MEMBERS FROM EDUCATION TO ECONOMIC DEVELOPMENT. THE SHAKOPEE CHAMBER OF COMMERCE IS COMMITTED TO GIVING EACH MEMBER AN OPPORTUNITY TO PROSPER IN TODAY'S COMPETITIVE BUSINESS WORLD. THE CHAMBER WORKS CLOSELY WITH THE CITY OF SHAKOPEE AND NEIGHBORING COMMUNITIES, SCOTT COUNTY, AND LOCAL SERVICE ORGANIZATIONS TO PROMOTE THE ECONOMIC HEALTH OF OUR COMMUNITY. THE SHAKOPEE CHAMBER IS THE PRIMARY SOURCE FOR BUSINESSES AND INDIVIDUALS SEEKING INFORMATION ON THE BUSINESS CLIMATE IN OUR COMMUNITY, AS WELL AS SERVING AS THE PRIMARY DESTINATION MARKETING ORGANIZATION FOR SHAKOPEE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $246,516
Program Service Revenue $614,252
Investment Income $2,967
Other Revenue $166,014
TOTAL REVENUE $1,029,749

Expense Breakdown

Grants Paid $0
Salaries & Benefits $405,627
Fundraising Expenses $0
Other Expenses $504,889
TOTAL EXPENSES $910,516

Year-over-Year Comparison

2024 2023 Change
Revenue $1,029,749 $655,254 +0.6%
Expenses $910,516 $896,598 +0.0%
Net Income $119,233 $-241,344 -1.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
5
Volunteers
66

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
5
$126,442
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY SCHMIDT PAST CHAIR 2.00
Officer Director
$0 $0 $0
RANDY DEHMER CHAIR 2.00
Officer Director
$0 $0 $0
TIM WHITCOMB TREASURER 2.00
Officer Director
$0 $0 $0
TIFFANY OLSON SECRETARY 2.00
Officer Director
$0 $0 $0
BRYCE HOTZLER DIRECTOR 1.00
Director
$0 $0 $0
CHAD PETERSON DIRECTOR 1.00
Director
$0 $0 $0
GREG DRENT DIRECTOR 1.00
Director
$0 $0 $0
JENELLE MOTE DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL KERSKI DIRECTOR 1.00
Director
$0 $0 $0
NICK KUCHENBECKER DIRECTOR 1.00
Director
$0 $0 $0
RAUL REHNBORG VICE CHAIR 1.00
Director
$0 $0 $0
AMY JERDEE DIRECTOR 1.00
Director
$0 $0 $0
JO FOUST DIRECTOR 1.00
Director
$0 $0 $0
DAMON SCHULER DIRECTOR 1.00
Director
$0 $0 $0
TIM ZUNKER PRESIDENT 40.00
Officer
$121,308 $5,134 $126,442
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 $1,029,749 $910,516 $518,802 $119,233
2023 $655,254 $896,598 $450,480 $-241,344
2022 $812,954 $729,702 $610,523 $83,252
2021 $716,462 $536,939 $505,406 $179,523
2020 $411,570 $441,501 $324,006 $-29,931
2019 $625,755 $707,119 $197,603 $-81,364
2018 $915,971 $913,192 $270,001 $2,779
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