TWIN CITIES NORTH CHAMBER OF COMME… - 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

1984

Legal Domicile

Principal Officer

JACQUI SAUTER

Phone

7635719781

Tax Period

2023-07-01 to 2024-06-30

TWIN CITIES NORTH CHAMBER OF COMMERCE, founded in 1984, is a micro nonprofit that reported $96K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $105K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO DEFINE THE AUTHORITY AND PURPOSE OF ESTABLISHED COMMITTEES: IDENTIFY PROGRAMMING, PROCESSES AND RESOURCES THAT SUPPORT AND EMPOWER EACH PART OF THE CHAMBER AND DETERMINE CHANNELS OF COMMUNICATION THAT EFFECTIVELY ENGAGE AND GROW OUR MULTI-COMMUNITY MEMBER BASE.

Program Service Accomplishments

Program 1

Expenses: $90,511 Revenue: $73,580

MEMBERSHIP ORGANIZES AND PROVIDES INFORMATIVE MEETINGS AND OPPORTUNITIES TO NETWORK WITH OTHER BUSINESSES AND BUSINESS OWNERS WITH THE OBJECTIVE TO FOSTER BUSINESS DEVELOPMENT IN THE COMMUNITY VIA...

MEMBERSHIP ORGANIZES AND PROVIDES INFORMATIVE MEETINGS AND OPPORTUNITIES TO NETWORK WITH OTHER BUSINESSES AND BUSINESS OWNERS WITH THE OBJECTIVE TO FOSTER BUSINESS DEVELOPMENT IN THE COMMUNITY VIA MEMBERSHIP AND EVENTS.

Program 2

Expenses: $6,400 Revenue: $10,200

NETWORKING FALL OUTDOOR SHOOT

Program 3

Expenses: $8,451 Revenue: $10,815

SPRING/SUMMER GOLF NETWORKING

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $94,025

Investment Income $263

Other Revenue $1,370

TOTAL REVENUE $95,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,807

Fundraising Expenses $0

Program Expenses $105,362

Other Expenses $41,555

TOTAL EXPENSES $105,362

Year-over-Year Comparison

	2023	2022	Change
Revenue	$95,658	$106,555	-0.1%
Expenses	$105,362	$102,120	+0.0%
Net Income	$-9,704	$4,435	-3.2%

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

$56,611

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACQUI SAUTER	CHAIR	1.00	Officer Director	$0	$0	$0
MIKE ENGEL	PAST CHAIR	1.00	Director	$0	$0	$0
TED LANDWEHR	TREASURER / SECRETARY	1.00	Officer Director	$0	$0	$0
MINDY HANDBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM DOMKE	BOARD MEMBER	1.00	Director	$0	$0	$0
MAUREEN DALY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JASON HELGEMOE	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA GRUNDMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLIE SPARKS	BOARD MEMBER	1.00	Director	$0	$0	$0
SAMANTHA FERRELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN CONNELY	EXECUTIVE DIRECTOR	40.00	Officer	$56,611	$0	$56,611

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
2025	No data	No data	No data	No data
2024	$95,658	$105,362	$84,590	$-9,704
2023	$106,555	$102,120	$96,232	$4,435
2022	$149,737	$107,299	$99,435	$42,438
2021	$128,734	$98,693	$74,404	$30,041
2020	$130,578	$133,259	$34,797	$-2,681
2019	$126,243	$106,253	$27,590	$19,990

TWIN CITIES NORTH CHAMBER OF COMMERCE