GREATER NORTH DAKOTA CHAMBER OF CO… - 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

1924

Legal Domicile

Principal Officer

ARIK SPENCER

Phone

7012220929

Tax Period

2024-10-01 to 2025-09-30

GREATER NORTH DAKOTA CHAMBER OF COMMERCE, founded in 1924, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.2M left a modest 6% surplus.

Mission

THE GREATER NORTH DAKOTA CHAMBER OF COMMERCE WORKS ON BEHALF OF OUR MEMBERS TO ADVOCATE FOR A POSITIVE BUSINESS CLIMATE.

Program Service Accomplishments

Program 1

Expenses: $445,040

MEMBER SERVICES - TO KEEP MEMBERS INFORMED ON ISSUES THAT MAY AFFECT THEIR BUSINESS THROUGH COMMUNICATIONS INCLUDE E-NEWSLETTERS, A QUARTERLY MAGAZINE, ISSUE ALERTS, AND A VARIETY OF EVENTS...

MEMBER SERVICES - TO KEEP MEMBERS INFORMED ON ISSUES THAT MAY AFFECT THEIR BUSINESS THROUGH COMMUNICATIONS INCLUDE E-NEWSLETTERS, A QUARTERLY MAGAZINE, ISSUE ALERTS, AND A VARIETY OF EVENTS. SERVICING APPROXIMATELY 800 MEMBERS ACROSS NORTH DAKOTA. EXPENSES LISTED ARE DIRECT COSTS ONLY AND DO INCLUDE ANY ALLOCATION OF STAFF COSTS TO RUN THE EVENTS.

Program 2

Expenses: $267,704

PUBLIC POLICY - TO BE AN ADVOCATE FOR NORTH DAKOTA BUSINESSES BY ADVOCATING ON STATE AND FEDERAL LEGISLATION AND REGULATORY ISSUES TO MAKE NORTH DAKOTA A COMPETITIVE PLACE TO DO BUSINESS. SERVING...

PUBLIC POLICY - TO BE AN ADVOCATE FOR NORTH DAKOTA BUSINESSES BY ADVOCATING ON STATE AND FEDERAL LEGISLATION AND REGULATORY ISSUES TO MAKE NORTH DAKOTA A COMPETITIVE PLACE TO DO BUSINESS. SERVING APPROXIMATELY 800 MEMBERS ACROSS NORTH DAKOTA. EXPENSES LISTED ARE DIRECT COSTS ONLY AND DO INCLUDE ANY ALLOCATION OF STAFF COSTS TO RUN THE EVENTS.

Program 3

Expenses: $73,746

MEETINGS AND SPECIAL EVENTS INCLUDING CEO ROUNDTABLE, MANUFACTURING DAY, AND CHAMBER DAY TO ENGAGE MEMBERS IN SPECIAL AREAS AND SHARE IDEAS AND EXPERIENCES AMONG BUSINESS MEMBERS. EXPENSES LISTED ARE...

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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 $324,612

Program Service Revenue $888,110

Investment Income $56,076

Other Revenue $0

TOTAL REVENUE $1,268,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $748,865

Fundraising Expenses $0

Program Expenses $786,490

Other Expenses $439,968

TOTAL EXPENSES $1,188,833

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,268,798	$1,191,346	+0.1%
Expenses	$1,188,833	$1,155,845	+0.0%
Net Income	$79,965	$35,501	+1.3%

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

$226,210

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARIK SPENCER	PRESIDENT &	40.00	Officer	$185,579	$40,631	$226,210
MOLLY BARNES	CHAIR	5.00	Officer Director	$0	$0	$0
DANETTE WELSH	CHAIR-ELECT	5.00	Officer Director	$0	$0	$0
JOHN ONCKEN	PAST CHAIR	5.00	Officer Director	$0	$0	$0
TONYA HOLSTROM	FINANCE CHAI	5.00	Officer Director	$0	$0	$0
JEREMY RHAM	POLICY CHAIR	5.00	Officer Director	$0	$0	$0
MIKE HEGER	MEMBER AT LA	1.00	Officer Director	$0	$0	$0
RYAN ACKERMAN	DIRECTOR	1.00	Director	$0	$0	$0
ALISSA ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
PAULA ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW ASKEW	DIRECTOR	1.00	Director	$0	$0	$0
JOSH BLACKABY	DIRECTOR	1.00	Director	$0	$0	$0
KENT BLICKENSDERFER	DIRECTOR	1.00	Director	$0	$0	$0
DON CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW CHAUSSEE	DIRECTOR	1.00	Director	$0	$0	$0
MATT DUNLEVY	DIRECTOR	1.00	Director	$0	$0	$0
CORY FONG	DIRECTOR	1.00	Director	$0	$0	$0
AMBER LARSON	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN MAGSTADT	DIRECTOR	1.00	Director	$0	$0	$0
PETER MATTHAEI	DIRECTOR	1.00	Director	$0	$0	$0
VICTOR MEYERS	DIRECTOR	1.00	Director	$0	$0	$0
DAN PEARSON	DIRECTOR	1.00	Director	$0	$0	$0
TODD SCHAFFER	DIRECTOR	1.00	Director	$0	$0	$0
JADE SCHERR	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS STROMME	DIRECTOR	1.00	Director	$0	$0	$0
STEVE THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
TROY WALKER	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
2025	$1,268,798	$1,188,833	$1,975,592	$79,965
2024	$1,191,346	$1,155,845	$1,841,684	$35,501
2023	$1,130,567	$953,490	$1,866,470	$177,077
2022	$1,099,110	$905,174	$1,503,459	$193,936
2021	$989,240	$989,290	$1,365,096	$-50
2020	$851,437	$822,878	$1,252,132	$28,559
2019	$1,273,929	$1,315,962	$1,184,285	$-42,033
2018	$994,547	$827,190	$1,209,530	$167,357

GREATER NORTH DAKOTA CHAMBER OF COMMERCE