SHAKOPEE AREA CHAMBER OF COMMERCE (EIN 411367856) - 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

1955

Legal Domicile

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.

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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 $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

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

$126,442

Total Directors

Key Employees

Highest Compensated

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

SHAKOPEE AREA CHAMBER OF COMMERCE