IOWA GREAT LAKES CHAMBER OF COMMERCE (EIN 421003330) - 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

1973

Legal Domicile

Principal Officer

BLAIN ANDERA

Phone

7123322107

Tax Period

2022-10-01 to 2023-09-30

IOWA GREAT LAKES CHAMBER OF COMMERCE, founded in 1973, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO ADVANCE TOURISM, ASSIST IN NEW AND EXISTING BUSINESS DEVELOPMENT AND PROMOTE ECONOMIC, PROFESSIONAL, CULTURAL AND CIVIC INTERESTS IN THE IOWA GREAT LAKES 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 (2022)

Revenue Breakdown

Contributions & Grants $626,377

Program Service Revenue $518,068

Investment Income $4,559

Other Revenue $153,932

TOTAL REVENUE $1,302,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $463,647

Fundraising Expenses $0

Other Expenses $826,369

TOTAL EXPENSES $1,290,016

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,302,936	$1,170,446	+0.1%
Expenses	$1,290,016	$1,175,829	+0.1%
Net Income	$12,920	$-5,383	-3.4%

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

350

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK STAUSS	Chairman	1.00	Officer Director	$0	$0	$0
JED JENSEN	Director	1.00	Director	$0	$0	$0
MARK RICHTER	Director	1.00	Director	$0	$0	$0
JORDAN BUTLER	Director	1.00	Director	$0	$0	$0
NATE MCCORMICK	Director	1.00	Director	$0	$0	$0
ANGELA OLSEN	Director	1.00	Director	$0	$0	$0
MARIE STRICKLER	Director	1.00	Director	$0	$0	$0
CINDY MART	Sec/Treasurer	1.00	Officer Director	$0	$0	$0
ANDY LUX	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRENT HARRIS	Director	1.00	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	No data	No data	No data	No data
2023	$1,302,936	$1,290,016	$915,782	$12,920
2022	$1,170,446	$1,175,829	$899,862	$-5,383
2021	$1,191,296	$1,067,943	$904,794	$123,353
2020	$1,049,550	$1,026,207	$777,143	$23,343
2019	$1,119,549	$1,124,741	$757,615	$-5,192
2018	$1,064,539	$965,923	$759,491	$98,616

IOWA GREAT LAKES CHAMBER OF COMMERCE