HAM LAKE, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HAM LAKE CHAMBER OF COMMERCE, founded in 1982, is a micro nonprofit in the Community Improvement sector that reported $40K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $74K exceeded revenue, resulting in a 84% operating deficit.
The Ham Lake Chamber of Commerce represents, supports and advocates for the individual and collective needs of businesses in the Ham Lake area, existing to:*Provide a unified and consistent voice to promote the interests of businesses in all forums. *Serve as a resource for information and services which contribute to business' abilities to manage, grow and prosper.*Plan, develop and enhance opportunities for economic growth and vitality through partnership with governmental agencies and the local community.
Connected business, industry and professional individuals to improve the local economy and build a more vibrant, prosperous community. Provided opportunity for local businesses to hear business and...
Connected business, industry and professional individuals to improve the local economy and build a more vibrant, prosperous community. Provided opportunity for local businesses to hear business and community speakers share their expertise on ways to keep their business at its competitive best. Promoted business members through the local newspaper and on the chamber website. Continued to plan, develop and enhance opportunities for economic growth and vitality and served as a resource for the business community.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $39,972 | $45,269 | -0.1% |
| Expenses | $73,741 | $57,088 | +0.3% |
| Net Income | $-33,769 | $-11,819 | +1.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Tim Sofie | Chair | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Tyler Messerole | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Nancy Braastad | Secretary/Treasurer | 1.50 |
Officer
Director
|
$0 | $0 | $0 |
| Theresa DeGeest | Vice-Chair | 1.50 |
Officer
Director
|
$0 | $0 | $0 |
| William Israelson | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Danielle Hedberg | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Kim Brown Goodwin | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $39,972 | $73,741 | $211,322 | $-33,769 |
| 2022 | $45,269 | $57,088 | $245,138 | $-11,819 |
| 2021 | $149,785 | $50,895 | $289,654 | $98,890 |
| 2020 | $68,580 | $36,115 | $151,191 | $32,465 |
| 2019 | $1,489 | $29,826 | $124,277 | $-28,337 |
| 2018 | $48,271 | $28,916 | $156,251 | $19,355 |
Compare HAM LAKE CHAMBER OF COMMERCE with other nonprofits in Minnesota and across the country.