NORTH HENNEPIN AREA CHAMBER OF COM… - Form 990 Financial Data

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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

1983

Legal Domicile

Principal Officer

DAVID HOFFMANN

Phone

7634246744

Tax Period

2018-07-01 to 2019-06-30

NORTH HENNEPIN AREA CHAMBER OF COMMERCE, founded in 1983, is a micro nonprofit that reported $40K in total revenue in fiscal year 2018. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $88K exceeded revenue, resulting in a 118% operating deficit.

Mission

THE NORTH HENNEPIN AREA CHAMBER OF COMMERCE IS AN ORGANIZATION COMMITTED TO EFFECTIVELY SERVING BUSINESSES AND THEIR COMMUNITY IN BROOKLYN CENTER, BROOKLYN PARK, MAPLE GROVE, AND OSSEO, THROUGH: IDENTIFICATION AND ADVOCACY OF BUSINESS ISSUES, PROVIDING UNIQUE BUSINESS NETWORKING OPPORTUNITIES, SUPPORTING THE RETENTION OF EXISTING AREA INDUSTRIES AND BUSINESSES WHILE ASSISTING NEW FIRMS OR INDIVIDUALS SEEKING TO LOCATE IN THE NORTH HENNEPIN AREA, COORDINATING BUSINESS RESOURCES IN SUPPORT OF ECONOMIC, CIVIC, GOVERNMENTAL, AND EDUCATIONAL INTERESTS OF COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $88,096 Revenue: $38,000

MEMBERSHIP SERVICES THAT INCLUDED GOVERNMENTAL AFFAIRS - INFORMING MEMBERS OF GOVERNMENTAL REGULATIONS AND INFORMATION THAT AFFECTS BUSINESSES IN THE NORTH HENNEPIN AREA - SCHOLARSHIPS TO AREA...

MEMBERSHIP SERVICES THAT INCLUDED GOVERNMENTAL AFFAIRS - INFORMING MEMBERS OF GOVERNMENTAL REGULATIONS AND INFORMATION THAT AFFECTS BUSINESSES IN THE NORTH HENNEPIN AREA - SCHOLARSHIPS TO AREA STUDENTS -

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $38,000

Investment Income $-2,668

Other Revenue $5,000

TOTAL REVENUE $40,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,629

Fundraising Expenses $0

Program Expenses $88,096

Other Expenses $32,467

TOTAL EXPENSES $88,096

Year-over-Year Comparison

	2018	2017	Change
Revenue	$40,332	$220,081	-0.8%
Expenses	$88,096	$214,547	-0.6%
Net Income	$-47,764	$5,534	-9.6%

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

N/A

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

Total Directors

$51,497

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SNOXELL	CHAIR	2.00	Officer Director	$0	$0	$0
MITCH DELJONG	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JUSTIN COX	DIRECTOR	2.00	Officer Director	$0	$0	$0
DAVE HOFFMANN	TREASURER	2.00	Director	$0	$0	$0
KAREN MOORE	DIRECTOR	2.00	Director	$0	$0	$0
ROGER VANG	DIRECTOR	2.00	Director	$0	$0	$0
PAM HOLIEN	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN ERICKSON	EXECUTIVE DIRECTOR	45.00	Director	$15,584	$0	$15,584
NATALIE ALGAARD	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN BURNSTEIN	DIRECTOR	2.00	Director	$0	$0	$0
NAOMI MOGARD	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA WHELAN	DIRECTOR	2.00	Director	$0	$0	$0
RON WHITE	DIRECTOR	2.00	Director	$0	$0	$0
BONNY MCINTYRE	DIRECTOR OF OPERATIONS	40.00	Director	$35,913	$0	$35,913

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
2019	$40,332	$88,096	No data	$-47,764

NORTH HENNEPIN AREA CHAMBER OF COMMERCE