ALBERT LEA, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ALBERT LEA FREEBORN COUNTY CHAMBER FOUNDATION, founded in 1989, is a small nonprofit in the Community Improvement sector that reported $187K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $770K exceeded revenue, resulting in a 312% operating deficit.
TO STIMULATE THE ESTABLISHMENT OF FUNDS TO SERVE OUR LOCAL COMMUNITY NOW AND IN THE FUTURE.
THE ORGANIZATION ACTS AS A STEWARD OF DONATED FUNDS WHICH ARE USED TO SUPPORT VARIOUS COMMUNITY PROGRAMS AND PROJECTS TO PROMOTE PHILANTHROPY AND COLLABORATION FOR COMMUNITY BETTERMENT. CURRENT...
THE ORGANIZATION ACTS AS A STEWARD OF DONATED FUNDS WHICH ARE USED TO SUPPORT VARIOUS COMMUNITY PROGRAMS AND PROJECTS TO PROMOTE PHILANTHROPY AND COLLABORATION FOR COMMUNITY BETTERMENT. CURRENT PROGRAMS AND PROJECTS INCLUDE: FIREWORKS DISPLAY-FUNDS ARE USED TO PROVIDE A CITY FIREWORKS DISPLAY ON THE 4TH OF JULY FOR THE COMMUNITY TO ENJOY. FREEDOM ROCK-PROJECT TO ADD A ROCK WITH A CUSTOM PAINTED TRIBUTE TO LOCAL VETERANS IN HONOR OF THEIR SERVICE TO OUR COUNTRY NEXT TO THE FREEBORN COUNTY VETERAN MEMORIAL. ACTIVITY CALENDAR-PROCEEDS FROM THE SALE OF THIS CALENDAR ARE DONATED TO SCHOOL DISTRICT 241 FOR EDUCATIONAL ACTIVITIES. AGE FRIENDLY FREEBORN COUNTY-A LOCAL, COLLABORATE EFFORT TO CREATE A SUPPORTIVE ENVIRONMENT FOR SENIONS, CONNECTION RESOURCES, SERVICES, AND COMMUNITY MEMBERS TO HELP OLDER ADULTS AGE WITH DIGNITY AND INDEPENDENCE THROUGH PARTNERSHIPS WITH LOCAL ORGANZIATIONS LIKE SENIOR RESOURCES, THE CITY, AND PUBLIC HEALTH. ALBERT LEA INCLUSIVE PLAYGROUND-FUNDS ARE USED TO CREATE A SAFE OUTDOOR ENVIRONMENT FOR PEOPLE OF ALL AGES AND ABILITIES. ALBERT LEA TRACK BOOSTERS-FUNDS ARE USED TO SUPPORT THE LOCAL HIGH SCHOOL TRACK TEAM. ALBERT LEA VOLLEYBALL BOOSTERS-FUNDS ARE USED TO SUPPORT THE LOCAL HIGH SCHOOL VOLLEYBALL TEAM. AMERICAN LEGION-FUND IS DESIGNED TO ALLOW THE COMMUNITY TO CONTRIBUTE TO REDUCE THE DEBT OF THE LEGION DURING DIFFICULT FINANCIAL TIMES. APRIL SORENSON MEMORIAL-FUNDS ARE USED TO PURCHASE BENCHES AND SUPPORT THE BLAZING STAR TRAIL IN MEMORY OF AN ALBERT LEA NATIVE. DOG PARK-FUNDS ARE USED TO SUPPORT THE COMMUNITY DOG PARK. LAKE FOUNDATION AND RESTORATION COMMITTEES-FUNDS ARE USED TO CONTRIBUTE TO SHORELINE RESOTRATION AND SPONSER ANNUAL LAKE CLEAN-UP DAYS. PICKLEBALL FUND-FUNDS ARE USED TO CONVERT UNUSED TENNIS COURTS INTO PICKLEBALL COURTS. THE HATCH-FUNDS ARE USED TO SUPPORT A MAKERS SPACE TO EDUCATE THE COMMUNITY; GIVE ENTREPRENEURIAL SUPPORT OF PROGRAMS IN THE TRADES AND ARTISTIC ARENA; AND PROVIDE A PLACE TO LEARN, WORK, AND COLLABORATE WITH OTHERS TO FOSTER CREATIVITY. VETERANS MEMORIAL-PROVIDES MEMORIAL AND PAVERS FOR VETERANS ON DISPLAY BY THE FREEBORN COUNTY COURTHOUSE. YELLOW RIBBON-SUPPORTS THE FAMILIES OF DEPLOYED SOLDIERS BY UNITING ALL AREAS WITHIN A COMMUNITY TO CREATE A COMPREHENSIVE NETWORK THAT CONNECTS AND COORDINATES AGENCIES, ORGANIZATION, RESOURCES, AND EMPLOYERS FOR THE PURPOSE OF PROACTIVELY SUPPORTING SERVICE MEMBERS AND MILITARY FAMILIES. YOUNG PROFESSIONALS-A GROUP FOR EMERGING LEADERS FOCUSED ON NETWORKING, COMMUNITY ENGAGEMENT, AND PROFESSIONAL DEVELOPMENT. CE MYERS SCHOLARSHIP FUND
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $187,060 | $257,924 | -0.3% |
| Expenses | $770,146 | $203,153 | +2.8% |
| Net Income | $-583,086 | $54,771 | -11.6% |
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 |
|---|---|---|---|---|---|---|
| NOELLE VIKTORA | BOARD CHAIR | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| DON MALINSKY | VICE CHAIR | 0.50 |
Officer
|
$0 | $0 | $0 |
| VALERIE LOCKHART | SECRETARY | 0.50 |
Officer
|
$0 | $0 | $0 |
| ANNICE SEVETT | BOARD MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| CATHY MALAKOWSKY | BOARD MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| MORGAN MEANEY | BOARD MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| BETH ANDERSON | BOARD MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $187,060 | $770,146 | $453,021 | $-583,086 |
| 2024 | $257,924 | $203,153 | $1,031,797 | $54,771 |
| 2023 | $368,531 | $76,733 | $968,116 | $291,798 |
| 2022 | $289,240 | $55,224 | $672,365 | $234,016 |
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