TWINWEST CHAMBER OF COMMERCE

EIN: 411486761

MINNEAPOLIS, MN

Total Revenue
$363,656
Total Expenses
$501,877
Total Assets
N/A
Net Assets
N/A
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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
1984
Legal Domicile
MN
Principal Officer
JONATHAN WEINHAGEN
Phone
7634502220
Tax Period
2020-01-01 to 2020-09-15

TWINWEST CHAMBER OF COMMERCE, founded in 1984, is a small nonprofit that reported $364K in total revenue in fiscal year 2020. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $502K exceeded revenue, resulting in a 38% operating deficit.

Mission

TWINWEST IS AN ADVOCATE FOR BUSINESS. WE ARE THE VOICE OF BUSINESS IN GOVERNMENT AND PROVIDE OUR MEMBERS OPPORTUNITIES TO GROW THEIR BUSINESSES AND IMPROVE THEIR COMMUNITIES.

Program Service Accomplishments

Program 1

MEMBER SERVICES RELATED TO COMMUNICATION, EDUCATION, AND PROMOTION OF ECONOMIC WELL BEING OF THE COMMUNITY.

Program 2

WE FORMED NEW RELATIONSHIPS WITH TWO OF OUR CITIES. WE ESTABLISHED TWO CONTRACTS WITH THE CITY OF BROOKLYN CENTER AND CITY OF ST. LOUIS PARK TO DO BUSINESS RETENTION AND EXPANSION, A JOINT PROGRAM...

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WE FORMED NEW RELATIONSHIPS WITH TWO OF OUR CITIES. WE ESTABLISHED TWO CONTRACTS WITH THE CITY OF BROOKLYN CENTER AND CITY OF ST. LOUIS PARK TO DO BUSINESS RETENTION AND EXPANSION, A JOINT PROGRAM WITH THE CITIES ALIGNED WITH OUR MISSION OF GROWTH AND PROSPERITY. WE WILL DO OUTREACH TO COMPANIES, SET UP MEETINGS, JOINTLY VISIT COMPANIES, GATHER DATA AND RESPOND WITH THE APPROPRIATE FOLLOW UP AND FEEDBACK.

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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 (2020)

Revenue Breakdown

Contributions & Grants $15,000
Program Service Revenue $243,224
Investment Income $107
Other Revenue $105,325
TOTAL REVENUE $363,656

Expense Breakdown

Grants Paid $0
Salaries & Benefits $362,512
Fundraising Expenses $0
Other Expenses $139,365
TOTAL EXPENSES $501,877

Year-over-Year Comparison

2020 2019 Change
Revenue $363,656 $849,978 -0.6%
Expenses $501,877 $855,016 -0.4%
Net Income $-138,221 $-5,038 +26.4%
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
21
Independent Members
20
Employees
N/A
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
4
$84,548
Total Directors
21
$84,548
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHANNON FULL PRESIDENT 40.00
Officer Director
$80,723 $3,825 $84,548
JASON BESLER CHAIR 2.00
Officer Director
$0 $0 $0
NATHAN BRANDENBURG PAST CHAIR 2.00
Officer Director
$0 $0 $0
SARAH ANDERSON TREASURER 2.00
Officer Director
$0 $0 $0
RICK ABRAHAMSON DIRECTOR 0.50
Director
$0 $0 $0
DAN BALLARD DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL BRIGGS DIRECTOR 0.50
Director
$0 $0 $0
ANGIE DRIESSEN DIRECTOR 0.50
Director
$0 $0 $0
CHRIS DUFFY DIRECTOR 0.50
Director
$0 $0 $0
KURT ERICKSON DIRECTOR 0.50
Director
$0 $0 $0
J MARIE FIEGER DIRECTOR 0.50
Director
$0 $0 $0
BRYAN FRANDRUP DIRECTOR 0.50
Director
$0 $0 $0
DAVE MEYER DIRECTOR 0.50
Director
$0 $0 $0
KATHY PACKARD DIRECTOR 0.50
Director
$0 $0 $0
ALISON PENCE DIRECTOR 0.50
Director
$0 $0 $0
RICK SCOTT DIRECTOR 0.50
Director
$0 $0 $0
NATHAN SHUBERT DIRECTOR 0.50
Director
$0 $0 $0
JOHN STURGESS DIRECTOR 0.50
Director
$0 $0 $0
MICHELLE SWANSON DIRECTOR 0.50
Director
$0 $0 $0
TONYA TENNESSEN DIRECTOR 0.50
Director
$0 $0 $0
WENDY WEIGEL DIRECTOR 0.50
Director
$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
2020 $363,656 $501,877 No data $-138,221
2019 $849,978 $855,016 $142,188 $-5,038
2018 $972,300 $1,176,755 $196,096 $-204,455
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