CHAMBER OF COMMERCE OF GRINNELL

EIN: 420286455

GRINNELL, IA

Total Revenue
$244,862
Total Expenses
$235,128
Total Assets
$308,234
Net Assets
$86,822
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
IA
Principal Officer
RACHAEL KINNICK
Phone
6412366555
Tax Period
2023-01-01 to 2023-12-31

CHAMBER OF COMMERCE OF GRINNELL, founded in 1946, is a small nonprofit that reported $245K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $235K left a modest 4% surplus.

Mission

TO PROVIDE A CENTRAL RESOURCE FOR COMMUNITY INFORMATION AND TO FACILITATE GROWTH & DEVELOPMENT OF THE LOCAL ECONOMY AS WELL AS OVERSEE AND MANAGE SOCIAL NETWORKING ENDEAVORS AND COMMUNITY EVENTS.

Program Service Accomplishments

Program 1
Expenses: $45,392 Revenue: $97,988

ORGANIZED MANY SOCIAL NETWORKING AND BUSINESS DEVELOPMENT EVENTS. DEVELOPED MARKETING AND PROMOTIONAL MATERIALS FOR BUSINESS MEMBERS, THE LOCAL COMMUNITY AND THE REGION. MAINTAINED ELECTRONIC...

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ORGANIZED MANY SOCIAL NETWORKING AND BUSINESS DEVELOPMENT EVENTS. DEVELOPED MARKETING AND PROMOTIONAL MATERIALS FOR BUSINESS MEMBERS, THE LOCAL COMMUNITY AND THE REGION. MAINTAINED ELECTRONIC COMMUNICATION (I.E. WEBSITE AND SOCIAL COMMUNITY SITES) AS WELL AS PRINTED MATERIALS TO HIGHLIGHT GRINNELL AS A DESTINATION FOR BUSINESS AND TOURISTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $144,326
Program Service Revenue $97,988
Investment Income $2,548
Other Revenue $0
TOTAL REVENUE $244,862

Expense Breakdown

Grants Paid $0
Salaries & Benefits $152,521
Fundraising Expenses $23,703
Program Expenses $45,392
Other Expenses $82,607
TOTAL EXPENSES $235,128

Year-over-Year Comparison

2023 2022 Change
Revenue $244,862 $206,073 +0.2%
Expenses $235,128 $221,177 +0.1%
Net Income $9,734 $-15,104 -1.6%
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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Governance

Voting Members
15
Independent Members
15
Employees
5
Volunteers
50

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
4
$72,563
Total Directors
13
$72,563
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RACHAEL KINNICK EXECUTIVE DI 40.00
Officer Director
$72,563 $0 $72,563
JOE BAGNOLI DIRECTOR N/A
Director
$0 $0 $0
ALICIA BLANKENFELD DIRECTOR N/A
Director
$0 $0 $0
JESSICA DILLON DIRECTOR N/A
Director
$0 $0 $0
SHANE HART DIRECTOR N/A
Director
$0 $0 $0
JENNIFER HAVENS DIRECTOR N/A
Director
$0 $0 $0
CAROL JORDAN DIRECTOR N/A
Director
$0 $0 $0
SALLY LANG DIRECTOR N/A
Director
$0 $0 $0
STEVE LANGERUD DIRECTOR N/A
Director
$0 $0 $0
JOEY PAGLIAI DIRECTOR N/A
Director
$0 $0 $0
JOEL SMITH DIRECTOR N/A
Director
$0 $0 $0
DARCY SWICK DIRECTOR N/A
Director
$0 $0 $0
LORI VOS DIRECTOR N/A
Director
$0 $0 $0
LAUREN AUGUSTIN PAST PRESIDE N/A
Officer
$0 $0 $0
STEVE GANT PRESIDENT N/A
Officer
$0 $0 $0
BILL MENNER TREASURER N/A
Officer
$0 $0 $0
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 $244,862 $235,128 $308,234 $9,734
2022 $206,073 $221,177 $286,451 $-15,104
2021 $233,180 $194,149 $304,389 $39,031
2020 $200,525 $171,715 $263,660 $28,810
2019 $216,963 $270,702 $75,975 $-53,739
2018 $295,718 $254,407 $192,810 $41,311
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