MINNESOTA AMERICAN INDIAN CHAMBER OF COMMERCE (EIN 411563420) - Form 990 Financial Analysis & Trantor Score

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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

1986

Legal Domicile

Principal Officer

Kirsten Gorman Buscher

Phone

6128772117

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA AMERICAN INDIAN CHAMBER OF COMMERCE, founded in 1986, is a micro nonprofit in the Housing & Shelter sector that reported $47K in total revenue in fiscal year 2023. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $92K exceeded revenue, resulting in a 98% operating deficit.

Mission

To promote, advocate, and create economic prosperity on behalf of American Indian businesses, organizations, professionals, and tribal enterprises in a global market.

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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 $39,270

Program Service Revenue $0

Investment Income $10

Other Revenue $7,302

TOTAL REVENUE $46,582

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,166

Fundraising Expenses $0

Program Expenses $46,164

Other Expenses $27,299

TOTAL EXPENSES $92,465

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,582	$172,828	-0.7%
Expenses	$92,465	$179,584	-0.5%
Net Income	$-45,883	$-6,756	+5.8%

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

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

$67,228

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joanne Whiterabbit	Executive Director	40	Officer	$33,846	$24,715	$58,561
Jae Whiterabbit	Interim Executive Director	40	Officer	$8,667	$0	$8,667
Harry E Gallaher	Trustee	2	Director	$0	$0	$0
Mike Bice	Trustee	2	Director	$0	$0	$0
Greg John	Trustee	2	Director	$0	$0	$0
Richard Tousignant	Secretary	2	Officer Director	$0	$0	$0
Karla Sheehy	Treasurer	2	Officer Director	$0	$0	$0
David Glass	Vice Chair	2	Officer Director	$0	$0	$0
Shena Matrious	Board Chair	2	Officer 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
2024	No data	No data	No data	No data
2023	$46,582	$92,465	$39,787	$-45,883
2022	$172,828	$179,584	$66,293	$-6,756
2021	$138,614	$64,831	$72,666	$73,783
2020	$82,813	$75,939	$62,934	$6,874

MINNESOTA AMERICAN INDIAN CHAMBER OF COMMERCE