DEVILS LAKE CHAMBER OF COMMERCE (EIN 450116761) - 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

1925

Legal Domicile

Principal Officer

RYAN YODER

Phone

7016624903

Tax Period

2024-10-01 to 2025-09-30

DEVILS LAKE CHAMBER OF COMMERCE, founded in 1925, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $1.8M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE DEVILS LAKE AREA CHAMBER OF COMMERCE IS ORGANIZED TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF THE DEVILS LAKE AREA SO THAT ITS CITIZENS AND ALL AREA OF ITS BUSINESS COMMUNITY SHALL PROSPER. ALL NECESSARY MEANS OF PROMOTION SHALL BE PROVIDED AND PARTICULAR ATTENTION AND EMPHASIS SHALL BE GIVEN TO THE ECONOMIC, CIVIC, COMMERCIAL, CULTURAL, INDUSTRIAL AND EDUCATIONAL INTERESTS OF THE TRADE 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 (2024)

Revenue Breakdown

Contributions & Grants $1,248,696

Program Service Revenue $368,076

Investment Income $9,968

Other Revenue $3,187

TOTAL REVENUE $1,629,927

Expense Breakdown

Grants Paid $9,183

Salaries & Benefits $411,487

Fundraising Expenses $0

Other Expenses $1,399,848

TOTAL EXPENSES $1,820,518

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,629,927	$1,279,939	+0.3%
Expenses	$1,820,518	$1,237,985	+0.5%
Net Income	$-190,591	$41,954	-5.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MISSY ABRAHAMSON	DIRECTOR	1.00	Director	$0	$0	$0
TERRA ERIKSSON	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
TASKA FOUGHTY	DIRECTOR	1.00	Director	$0	$0	$0
FELECIA GREYWATER	DIRECTOR	1.00	Director	$0	$0	$0
BRETT JOHNSTON	TREASURER	1.00	Officer Director	$0	$0	$0
MEGAN LEBRUN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN TARANG	SECRETARY	1.00	Officer Director	$0	$0	$0
ERIN WOOD	DIRECTOR	1.00	Director	$0	$0	$0
RYAN YODER	PRESIDENT	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
2025	$1,629,927	$1,820,518	$701,866	$-190,591
2024	$1,279,939	$1,237,985	$918,563	$41,954
2023	$1,067,425	$969,505	$869,039	$97,920
2022	$1,049,130	$1,035,749	$774,920	$13,381
2021	$1,068,856	$877,135	$737,327	$191,721
2020	$874,908	$823,234	$516,688	$51,674
2019	$940,240	$902,955	$458,021	$37,285

DEVILS LAKE CHAMBER OF COMMERCE