Clear Lake Area Chamber of Commerce

EIN: 420478075

Clear Lake, IA

Total Revenue
$1,049,592
Total Expenses
$913,962
Total Assets
$1,030,603
Net Assets
$804,372
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1943
Legal Domicile
IA
Principal Officer
Stacy Doughan
Phone
6413572159
Tax Period
2024-01-01 to 2024-12-31

Clear Lake Area Chamber of Commerce, founded in 1943, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Expenses of $914K left a modest 13% surplus.

Mission

The mission of the Clear Lake Area Chamber of Commerce is to serve our membership and provide value through opportunities in networking, advocacy, and business resources.

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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 (2024)

Revenue Breakdown

Contributions & Grants $198,393
Program Service Revenue $815,562
Investment Income $17,269
Other Revenue $18,368
TOTAL REVENUE $1,049,592

Expense Breakdown

Grants Paid $0
Salaries & Benefits $396,113
Fundraising Expenses $0
Program Expenses $462,113
Other Expenses $517,849
TOTAL EXPENSES $913,962

Year-over-Year Comparison

2024 2023 Change
Revenue $1,049,592 $1,073,418 0.0%
Expenses $913,962 $930,331 0.0%
Net Income $135,630 $143,087 -0.1%
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

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Governance

Voting Members
17
Independent Members
17
Employees
7
Volunteers
300

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
7
$98,398
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stacy Doughan CEO 40.00
Officer
$95,532 $2,866 $98,398
Chris Fischer Board Member 0.00
Director
$0 $0 $0
Candi Karsjens Board Member 0.00
Director
$0 $0 $0
Denni Sue Erickson Board Member 0.00
Director
$0 $0 $0
Kristi Miles Board Member 0.00
Director
$0 $0 $0
Robert Barber Vice Chair 0.00
Officer Director
$0 $0 $0
Carrie Shannon Board Member 0.00
Director
$0 $0 $0
Amanda Kasten Vice Chair 0.00
Officer Director
$0 $0 $0
Kent Beatty Board Member 0.00
Director
$0 $0 $0
Mark Dodd Chair Elect 0.00
Officer Director
$0 $0 $0
Krystal Thoe Board Member 0.00
Director
$0 $0 $0
Liz LeFevre Board Member 0.00
Director
$0 $0 $0
Austin Pehl Board Member 0.00
Director
$0 $0 $0
Aaron Donaldson Board Member 0.00
Director
$0 $0 $0
Josh Thompson Treasurer 0.00
Officer Director
$0 $0 $0
Sarah Nielsen Chair 1.00
Officer Director
$0 $0 $0
Kent Thoe Past Chair 0.00
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 $1,049,592 $913,962 $1,030,603 $135,630
2023 $1,073,418 $930,331 $893,210 $143,087
2022 $908,452 $822,815 $744,489 $85,637
2021 $863,898 $701,701 $673,680 $162,197
2020 $646,507 $572,091 $426,778 $74,416
2019 $733,631 $694,629 $333,667 $39,002
2018 $711,271 $718,650 $225,801 $-7,379
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