WACONIA CHAMBER OF COMMERCE

EIN: 411399256 Community Improvement

WACONIA, MN

Total Revenue
$334,197
Total Expenses
$305,290
Total Assets
$303,365
Net Assets
$207,743
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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
1962
Legal Domicile
MN
Principal Officer
CHRISTINE FENNER
Phone
9524425812
Tax Period
2024-01-01 to 2024-12-31

WACONIA CHAMBER OF COMMERCE, founded in 1962, is a small nonprofit in the Community Improvement sector that reported $334K in total revenue in fiscal year 2024. Expenses of $305K left a modest 9% surplus.

Mission

THE WACONIA CHAMBER OF COMMERCE PROVIDES MONTHLY NETWORKING OPPORTUNITIES, PROMOTES POSITIVE BUSINESS ENVIRONMENT, AND ENHANCES THE QUALITY OF LIFE IN WACONIA.

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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 $155,689
Program Service Revenue $48,659
Investment Income $7,306
Other Revenue $122,543
TOTAL REVENUE $334,197

Expense Breakdown

Grants Paid $0
Salaries & Benefits $150,363
Fundraising Expenses $0
Program Expenses $305,290
Other Expenses $154,927
TOTAL EXPENSES $305,290

Year-over-Year Comparison

2024 2023 Change
Revenue $334,197 $319,868 +0.0%
Expenses $305,290 $306,645 0.0%
Net Income $28,907 $13,223 +1.2%
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
12
Independent Members
12
Employees
6
Volunteers
N/A

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
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KHUZANA DEVAAN DIRECTOR N/A
Director
$0 $0 $0
TODD HANN DIRECTOR N/A
Director
$0 $0 $0
GREG JAMES DIRECTOR N/A
Director
$0 $0 $0
JENNIFER KAEDING DIRECTOR N/A
Director
$0 $0 $0
JAMIE MACKENTHUN DIRECTOR N/A
Director
$0 $0 $0
ANDY MOHN DIRECTOR N/A
Director
$0 $0 $0
AARON PARSONS DIRECTOR N/A
Director
$0 $0 $0
KATHRYN SCHROEDER DIRECTOR N/A
Director
$0 $0 $0
DEE DELANGE CHAIR N/A
Officer
$0 $0 $0
KELLY DOHM SECRETARY N/A
Officer
$0 $0 $0
MATT DOSTAL TREASURER N/A
Officer
$0 $0 $0
CHRISTINE FENNER PRESIDENT N/A
Officer
$0 $0 $0
LISA STEINBAUER INCOMING CHA N/A
Officer
$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
2024 $334,197 $305,290 $303,365 $28,907
2023 $319,868 $306,645 $269,107 $13,223
2022 $323,466 $308,656 $274,413 $14,810
2021 $311,870 $208,780 $262,740 $103,090
2020 $214,969 $214,030 $173,286 $939
2019 $259,100 $226,581 $181,102 $32,519
2018 $238,832 $251,696 $184,761 $-12,864
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