BRAINERD LAKES AREA CHAMBERS OF COMMERCE EDUCATION ASSOCIATION (EIN 411787694) - 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

1993

Legal Domicile

Principal Officer

MATT KILIAN

Phone

2188292838

Tax Period

2022-01-01 to 2022-12-31

BRAINERD LAKES AREA CHAMBERS OF COMMERCE EDUCATION ASSOCIATION, founded in 1993, is a small nonprofit in the Unknown sector that reported $126K in total revenue in fiscal year 2022. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $120K left a modest 5% surplus.

Mission

PROVIDE EDUCATIONAL OPPORTUNITIES TO AREA RESIDENTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $126,450

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $126,450

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,000

Fundraising Expenses $0

Program Expenses $62,293

Other Expenses $75,401

TOTAL EXPENSES $120,401

Year-over-Year Comparison

	2022	2021	Change
Revenue	$126,450	$82,000	+0.5%
Expenses	$120,401	$110,477	+0.1%
Net Income	$6,049	$-28,477	-1.2%

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

N/A

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

$225,894

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI KOHORST	EXECUTIVE OFFICER AT LARGE	1.00	Officer Director	$0	$0	$0
FRANK SOUKUP	CHAIR	1.00	Officer Director	$0	$0	$0
JESSE GRANT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JILL CASPER	PAST CHAIR	1.00	Officer Director	$0	$0	$0
JILL ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
HARA CHARLIER	DIRECTOR	1.00	Director	$0	$0	$0
JOEL CLOUGH	DIRECTOR	1.00	Director	$0	$0	$0
LORI DAVIES	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN DONNAY	DIRECTOR	1.00	Director	$0	$0	$0
TERRI EBNET	DIRECTOR	1.00	Director	$0	$0	$0
CORY JAY	DIRECTOR	1.00	Director	$0	$0	$0
COLTON MAHER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SCHWIETERS	DIRECTOR	1.00	Director	$0	$0	$0
DAVE SPIZZO	DIRECTOR	1.00	Director	$0	$0	$0
MATT KILIAN	CHAMBER PRESIDENT	5.00	Officer	$0	$12,268	$158,173
PAULA DAVIS	TREASURER	2.00	Officer	$0	$1,274	$44,621
MARY GOTTSCH	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$23,100

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
2022	$126,450	$120,401	$186,950	$6,049
2021	$82,000	$110,477	$181,001	$-28,477
2020	$292,633	$325,649	$71,914	$-33,016
2019	$356,450	$291,594	$101,311	$64,856
2018	$294,785	$417,417	$38,102	$-122,632

BRAINERD LAKES AREA CHAMBERS OF COMMERCE EDUCATION ASSOCIATION