CHAMBER OF COMMERCE OF GRINNELL (EIN 420286455) - 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

1946

Legal Domicile

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.

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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 $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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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

$72,563

Total Directors

$72,563

Key Employees

Highest Compensated

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

CHAMBER OF COMMERCE OF GRINNELL