GRAFTON AREA CHAMBER OF COMMERCE

EIN: 450305977

GRAFTON, ND

Total Revenue
$229,754
Total Expenses
$227,854
Total Assets
$210,404
Net Assets
$38,230
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1950
Legal Domicile
ND
Principal Officer
JASON NELSON
Phone
7013520781
Tax Period
2023-01-01 to 2023-12-31

GRAFTON AREA CHAMBER OF COMMERCE, founded in 1950, is a small nonprofit that reported $230K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE GRAFTON AREA CHAMBER OF COMMERCE PROMOTES THE CITY OF GRAFTON AND ITS BUSINESSES THROUGH COMMUNITY EVENTS, RETAIL PROMOTIONAL ACTIVITIES, AND EDUCATIONAL PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $136,711

THE CHAMBER SERVICES AND PROMOTES BUSINESSES AND COMMUNITY INTEREST THROUGH THE ORGANIZATION OF COLLECTIVE EFFORTS AND THE IMPROVEMENT OF THE IMAGE AND ATMOSPHERE OF THE CITY OF GRAFTON, ND.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $229,419
Investment Income $335
Other Revenue $0
TOTAL REVENUE $229,754

Expense Breakdown

Grants Paid $0
Salaries & Benefits $117,705
Fundraising Expenses $0
Program Expenses $136,711
Other Expenses $110,149
TOTAL EXPENSES $227,854

Year-over-Year Comparison

2023 2022 Change
Revenue $229,754 $209,272 +0.1%
Expenses $227,854 $220,451 +0.0%
Net Income $1,900 $-11,179 -1.2%
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

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Governance

Voting Members
10
Independent Members
9
Employees
4
Volunteers
12

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
4
$39,984
Total Directors
12
$39,984
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHIRLEY BURNS Treasurer 40.00
Officer Director
$39,984 $0 $39,984
MATT BENEDA Director 1.00
Director
$0 $0 $0
MIKE HANSON Director 1.00
Director
$0 $0 $0
CRISTY MOE Director 0.00
Director
$0 $0 $0
CARISSA KLUG Director 1.00
Director
$0 $0 $0
SADIE KOEHMSTEDT Director 0.00
Director
$0 $0 $0
JAYCE SCHUMACHER Director 1.00
Director
$0 $0 $0
JENNY DUSEK Director 0.00
Director
$0 $0 $0
KYLEN KOSTRZEWSKI Director 1.00
Officer Director
$0 $0 $0
TREVOR TOMPKINS Vice President 1.00
Officer Director
$0 $0 $0
JASON NELSON President 1.00
Officer Director
$0 $0 $0
RUSSELL CARIGNAN 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 No data No data No data No data
2024 No data No data No data No data
2023 $229,754 $227,854 $210,404 $1,900
2022 $209,272 $220,451 $231,802 $-11,179
2021 $241,522 $232,609 $183,789 $8,913
2020 $207,381 $209,672 $209,504 $-2,291
2019 $212,480 $214,733 $91,543 $-2,253
2018 $211,860 $204,713 $107,619 $7,147
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