GREATER WAYZATA AREA CHAMBER OF COMMERCE INCORPORATED (EIN 416040778) - 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

1958

Legal Domicile

Principal Officer

BECKY PIERSON

Phone

9524739595

Tax Period

2024-01-01 to 2024-12-31

GREATER WAYZATA AREA CHAMBER OF COMMERCE INCORPORATED, founded in 1958, is a small nonprofit that reported $671K in total revenue in fiscal year 2024.

Mission

TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF THE GREATER WAYZATA AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $215,538

Program Service Revenue $0

Investment Income $13,882

Other Revenue $441,956

TOTAL REVENUE $671,376

Expense Breakdown

Grants Paid $0

Salaries & Benefits $538,220

Fundraising Expenses $0

Other Expenses $123,895

TOTAL EXPENSES $662,115

Year-over-Year Comparison

	2024	2023	Change
Revenue	$671,376	$693,162	0.0%
Expenses	$662,115	$608,524	+0.1%
Net Income	$9,261	$84,638	-0.9%

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

$157,154

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE SEAHOLM	TREASURER	1.00	Officer Director	$0	$0	$0
JIM CARMERATA	CHAIR	1.00	Officer Director	$0	$0	$0
AJ MEYER	BOARD MEMBER	1.00	Director	$0	$0	$0
COLIN FENWICK	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY PACKARD	PAST CHAIR	1.00	Officer Director	$0	$0	$0
KIM CASSENS	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH KAELBERER	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM THOMPSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TIM NAUMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT SCHADOW	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGEL LUNA	BOARD MEMBER	1.00	Director	$0	$0	$0
EDDIE ULRICH	BOARD MEMBER	1.00	Director	$0	$0	$0
BECKY PIERSON	PRESIDENT/SECRETARY	40.00	Officer	$157,154	$0	$157,154

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	$671,376	$662,115	$658,038	$9,261
2023	$693,162	$608,524	$653,518	$84,638
2022	$555,769	$491,162	$475,450	$64,607
2021	$537,247	$385,726	$422,219	$151,521
2020	$298,630	$348,242	$245,358	$-49,612
2019	$448,193	$439,968	$361,749	$8,225
2018	$430,010	$382,048	$299,216	$47,962

GREATER WAYZATA AREA CHAMBER OF COMMERCE INCORPORATED