Edina Chamber of Commerce

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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

1993

Legal Domicile

Principal Officer

Jack Abdo

Phone

9528069060

Tax Period

2023-01-01 to 2023-12-31

Edina Chamber of Commerce, founded in 1993, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $196K, a strong 16% operating margin.

Mission

The primary exempt purpose of the Chamber is to bring together business leaders within Edina to promote the community and its businesses.

Program Service Accomplishments

Program 1

Expenses: $818,943 Revenue: $119,862

Meets to bring together members to promote businesses.

Program 2

Expenses: $69,202 Revenue: $149,892

Adminstration of the Edina Fall into the Arts Festival, a large community festival showcasing 240 original artists in partnership with the Edina Crime Prevention Fund, the City of Edina, and the...

Adminstration of the Edina Fall into the Arts Festival, a large community festival showcasing 240 original artists in partnership with the Edina Crime Prevention Fund, the City of Edina, and the Edina Chamber of Commerce/Explore Edina.

Program 3

Expenses: $1,000 Revenue: $16,500

Edina Shark Tank in partnership with Edina Public Schools promoting the experience of entrepreneurship to local high school students.

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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 $946,150

Program Service Revenue $286,254

Investment Income $1,532

Other Revenue $8,920

TOTAL REVENUE $1,242,856

Expense Breakdown

Grants Paid $72,395

Salaries & Benefits $484,970

Fundraising Expenses $0

Program Expenses $889,145

Other Expenses $489,618

TOTAL EXPENSES $1,046,983

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,242,856	$1,058,680	+0.2%
Expenses	$1,046,983	$985,095	+0.1%
Net Income	$195,873	$73,585	+1.7%

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

$94,312

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Heidi Stinson	Board Chair	2.50	Officer Director	$0	$0	$0
Paul Mooty	Immediate Past Board Chair	2.50	Officer Director	$0	$0	$0
Jack Abdo	Treasurer	2.50	Officer Director	$0	$0	$0
Mark Jessen	Vice Chair	2.50	Director	$0	$0	$0
Don Hutchison	Director	2.50	Director	$0	$0	$0
Lisa Walker	Director	2.50	Director	$0	$0	$0
Jeremy Abramson	Director	2.50	Director	$0	$0	$0
Rick Murphy	Director	2.50	Director	$0	$0	$0
Scott Neal	At Large Director	2.50	Director	$0	$0	$0
Jim Hovland	At Large Director	2.50	Director	$0	$0	$0
Stacie Stanley	At Large Director	2.50	Director	$0	$0	$0
Shelly Loberg	President	40.00	Officer	$90,712	$3,600	$94,312

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	$1,242,856	$1,046,983	$1,084,612	$195,873
2022	$1,058,680	$985,095	$337,971	$73,585
2021	$839,288	$750,938	$248,499	$88,350
2020	$621,751	$702,809	$171,457	$-81,058
2019	$940,037	$905,391	$320,462	$34,646
2018	$778,205	$768,307	$233,374	$9,898