DECORAH AREA CHAMBER OF COMMERCE (EIN 420645370) - 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

1947

Legal Domicile

Principal Officer

JESSICA RILLING

Phone

5633823990

Tax Period

2023-01-01 to 2023-12-31

DECORAH AREA CHAMBER OF COMMERCE, founded in 1947, is a small nonprofit that reported $464K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $424K left a modest 9% surplus.

Mission

PROMOTING SPECIFIC COMMERICAL AND INDUSTRIAL PROGRESS OF COMMUNITY AND SURROUNDING 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 (2023)

Revenue Breakdown

Contributions & Grants $193,798

Program Service Revenue $142,417

Investment Income $2,191

Other Revenue $125,282

TOTAL REVENUE $463,688

Expense Breakdown

Grants Paid $0

Salaries & Benefits $133,406

Fundraising Expenses $2,214

Program Expenses $189,476

Other Expenses $290,840

TOTAL EXPENSES $424,246

Year-over-Year Comparison

	2023	2022	Change
Revenue	$463,688	$386,850	+0.2%
Expenses	$424,246	$432,330	0.0%
Net Income	$39,442	$-45,480	-1.9%

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

$107,584

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA RILLING	EXECUTIVE DI	40.00	Officer	$63,000	$0	$63,000
AMANDA STREEPER	DIRECTOR OPE	40.00	Officer	$44,584	$0	$44,584
KIM BONNET	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE BULMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CLAY	DIRECTOR	1.00	Director	$0	$0	$0
BLAKE COURTNEY	DIRECTOR	1.00	Director	$0	$0	$0
TIM CRONIN	DIRECTOR	1.00	Director	$0	$0	$0
BEN KROUSE GAGNE	DIRECTOR	1.00	Director	$0	$0	$0
DIANE KRENTZ	DIRECTOR	1.00	Director	$0	$0	$0
LISA LANTZ	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE LEMKE	DIRECTOR	1.00	Director	$0	$0	$0
JANA EVELSIZER OLSON	DIRECTOR	1.00	Director	$0	$0	$0
KIRSTEN OLSON	DIRECTOR	1.00	Director	$0	$0	$0
AL SHINDELAR	DIRECTOR	1.00	Director	$0	$0	$0
CINDY GOODNER	VICE PRESIDE	1.00	Officer	$0	$0	$0
RUSSELL SCHOUWEILER	TREASURER	1.00	Officer	$0	$0	$0
SARA THOMAS	PRESIDENT	1.00	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	$463,688	$424,246	$489,019	$39,442
2022	$386,850	$432,330	$472,092	$-45,480
2021	$383,501	$319,713	$519,386	$63,788
2020	$350,691	$330,122	$475,541	$20,569
2019	$384,068	$475,167	$444,678	$-91,099
2018	$403,874	$230,038	$541,049	$173,836

DECORAH AREA CHAMBER OF COMMERCE