POLK CITY CHAMBER & ECONOMIC DEVEL… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

SHAWN COMER

Phone

5159843098

Tax Period

2025-01-01 to 2025-12-31

POLK CITY CHAMBER & ECONOMIC DEVELOPMENT CORPORATION, founded in 1995, is a micro nonprofit in the Community Improvement sector that reported $93K in total revenue in fiscal year 2025. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $208K exceeded revenue, resulting in a 124% operating deficit.

Mission

TO BUILD A FIRM FOUNDATION IN ECONOMIC AND COMMUNITY SUPPORT BY TAKING A LEADERSHIP ROLE IN CREATING MARKETING STRATEGIES, ORGANIZING NETWORKING OPPORTUNITIES AND SERVING AS A LIAISON WITH STATE AND LOCAL GOVERNMENTS.

Program Service Accomplishments

Program 1

Expenses: $184,244 Revenue: $64,947

THE ORGANIZATION BRINGS TOGETHER BUSINESS OWNERS, CIVIC AND NON PROFIT ORGANIZATIONS TO BUILD A FIRM FOUNDATION OF ECONOMIC AND COMMUNITY SUPPORT. EVENTS INCLUDE THE ANNUAL FOUR SEASONS FESTIVAL...

THE ORGANIZATION BRINGS TOGETHER BUSINESS OWNERS, CIVIC AND NON PROFIT ORGANIZATIONS TO BUILD A FIRM FOUNDATION OF ECONOMIC AND COMMUNITY SUPPORT. EVENTS INCLUDE THE ANNUAL FOUR SEASONS FESTIVAL, GOLF OUTING, FALL FEST, SOUNDS ON SQUARE, SQUARE LIGHTING, FARMER'S MARKET, EDUCATOR'S DAY, RVTV EVENT, AND LUNCHEONS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $25,550

Program Service Revenue $64,947

Investment Income $2,027

Other Revenue $0

TOTAL REVENUE $92,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,695

Fundraising Expenses $0

Program Expenses $184,244

Other Expenses $135,811

TOTAL EXPENSES $207,506

Year-over-Year Comparison

	2025	2024	Change
Revenue	$92,524	$245,004	-0.6%
Expenses	$207,506	$208,497	0.0%
Net Income	$-114,982	$36,507	-4.1%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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
SARAH BACEHOWSKI	DIRECTOR	0.50	Director	$0	$0	$0
SHAWN COMER	SECRETARY/TR	0.50	Officer Director	$0	$0	$0
BRANDON CONVERSE	PRESIDENT	0.50	Officer Director	$0	$0	$0
ERIC HOCKENBERRY	PAST VICE PR	0.50	Director	$0	$0	$0
CHELSEA HUISMAN	VOTING BOARD	0.50	Director	$0	$0	$0
STEVE KARSJEN	VOTING BOARD	0.50	Director	$0	$0	$0
MICHAEL KLINE	VOTING BOARD	0.50	Director	$0	$0	$0
JAKE LUNDGREN	VICE PRES. P	0.50	Officer Director	$0	$0	$0
BRIAN NELSON	DIRECTOR	0.50	Director	$0	$0	$0
LARAMIE SANDQUIST	DIRECTOR	0.50	Director	$0	$0	$0
SUSIE SHELDAHL	DIRECTOR	0.50	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
2025	$92,524	$207,506	$59,156	$-114,982
2024	$245,004	$208,497	$174,177	$36,507
2021	$237,529	$123,120	$187,065	$114,409
2021	$237,529	$131,783	$168,402	$105,746
2019	$278,626	$204,995	$106,729	$73,631

POLK CITY CHAMBER & ECONOMIC DEVELOPMENT CORPORATION