MINOT AREA CHAMBER EDC (EIN 450166410) - 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

1923

Legal Domicile

Principal Officer

BREKKA KRAMER

Phone

7018526000

Tax Period

2024-01-01 to 2024-12-31

MINOT AREA CHAMBER EDC, founded in 1923, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2024. The organization ran a surplus of $748K, a strong 18% operating margin.

Mission

TO ADVOCATE FOR AND INVEST IN BUSINESS ACTIVITY BY BEING A COLLABORATIVE PARTNER IN THE COMMUNITY, FOCUSED ON IMPROVING QUALITY OF LIFE FOR ALL.

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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 $1,513,915

Program Service Revenue $1,807,535

Investment Income $166,158

Other Revenue $738,173

TOTAL REVENUE $4,225,781

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,303,363

Fundraising Expenses $0

Other Expenses $2,174,169

TOTAL EXPENSES $3,477,532

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,225,781	$4,096,529	+0.0%
Expenses	$3,477,532	$3,048,209	+0.1%
Net Income	$748,249	$1,048,320	-0.3%

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

375

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

$203,837

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASSIDY HJELMSTAD	CHAIR	0.50	Officer Director	$0	$0	$0
RYAN ACKERMAN	CHAIR-ELECT	0.50	Officer Director	$0	$0	$0
MISSY FEIST ERICKSON	TREASURER	0.50	Officer Director	$0	$0	$0
KEVIN BLACK	PAST CHAIR	0.50	Officer Director	$0	$0	$0
BETH FELDNER	DIRECTOR	0.50	Director	$0	$0	$0
PETE HANKLA	DIRECTOR	0.50	Director	$0	$0	$0
JOHN KNECHT	DIRECTOR	0.50	Director	$0	$0	$0
JOHN KUTCH	DIRECTOR	0.50	Director	$0	$0	$0
JASON OLSON	DIRECTOR	0.50	Director	$0	$0	$0
MAYOR TOM ROSS	DIRECTOR	0.50	Director	$0	$0	$0
DR STEVEN SHIRLEY	DIRECTOR	0.50	Director	$0	$0	$0
DR MARK VOLLMER	DIRECTOR	0.50	Director	$0	$0	$0
JASON ZIMMERMAN	DIRECTOR	0.50	Director	$0	$0	$0
BREKKA KRAMER	PRESIDENT & CEO/CORPORATE	40.00	Officer	$194,440	$9,397	$203,837

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	$4,225,781	$3,477,532	$18,846,991	$748,249
2023	$4,096,529	$3,048,209	$18,684,998	$1,048,320
2022	$2,681,791	$2,443,390	$18,216,334	$238,401
2021	$3,024,271	$2,329,251	$9,669,464	$695,020
2020	$1,084,509	$1,187,048	$804,452	$-102,539
2019	$1,177,198	$1,318,019	$909,427	$-140,821
2018	$1,369,460	$1,339,569	$1,051,579	$29,891

MINOT AREA CHAMBER EDC