LE MARS AREA CHAMBER OF COMMERCE (EIN 420376684) - 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

1992

Legal Domicile

Principal Officer

STEVE ALBERT

Phone

7125468821

Tax Period

2024-01-01 to 2024-12-31

LE MARS AREA CHAMBER OF COMMERCE, founded in 1992, is a small nonprofit that reported $339K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $292K left a modest 14% surplus.

Mission

ALL ACTIVITIES ARE FOR THE PURPOSE OF PROMOTING AND ENHANCING THE COMMUNITY OF LE MARS, IA

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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 $230,125

Program Service Revenue $174,051

Investment Income $973

Other Revenue $-66,422

TOTAL REVENUE $338,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,953

Fundraising Expenses $0

Program Expenses $203,613

Other Expenses $161,578

TOTAL EXPENSES $291,531

Year-over-Year Comparison

	2024	2023	Change
Revenue	$338,727	$500,832	-0.3%
Expenses	$291,531	$438,220	-0.3%
Net Income	$47,196	$62,612	-0.2%

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

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

$69,121

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI FRENCH	MANAGER	40.00	Officer	$69,121	$0	$69,121
STEVE ALBERT	TREASURER	1.00	Officer Director	$0	$0	$0
ADAM BAUMGARTNER	DIRECTOR	1.00	Director	$0	$0	$0
MADI CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
TOMMY CONGER	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN DAALE	DIRECTOR	1.00	Director	$0	$0	$0
AMY HARNACK	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HINES	DIRECTOR	1.00	Director	$0	$0	$0
JANELLE JOHNSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CLINT KASS	DIRECTOR	1.00	Director	$0	$0	$0
THERESA KINNEY	DIRECTOR	1.00	Director	$0	$0	$0
TIM LABRECHE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ZACH LANCASTER	DIRECTOR	1.00	Director	$0	$0	$0
JILL MESCHER	DIRECTOR	1.00	Director	$0	$0	$0
MARK NUEBEL	DIRECTOR	1.00	Director	$0	$0	$0
JILL OLTMANNS	DIRECTOR	1.00	Director	$0	$0	$0
DJ REAM	DIRECTOR	1.00	Director	$0	$0	$0
PEGGY SITZMANN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE WELLS	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD ZIETTLOW	VICE PRESIDE	1.00	Officer Director	$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	$338,727	$291,531	$234,997	$47,196
2023	$500,832	$438,220	$189,026	$62,612
2022	$302,897	$240,077	$116,697	$62,820
2021	$247,597	$214,744	$56,212	$32,853
2020	$384,059	$362,306	$49,461	$21,753
2019	$460,502	$459,451	$39,151	$1,051
2018	$357,132	$373,264	$43,318	$-16,132

LE MARS AREA CHAMBER OF COMMERCE