WACONIA CHAMBER OF COMMERCE

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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

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.

Program Service Accomplishments

Program 1

Expenses: $305,290

WITH OVER 200 MEMBERS, THE WACONIA CHAMBER OF COMMERCE PROVIDES MONTHLY NETWORKING OPPORTUNITIES AND COMMUNITY EVENTS TO PROMOTE A POSITIVE BUSINESS ENVIRONMENT IN THE CITY OF 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%)

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

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