WATFORD CITY AREA CHAMBER OF COMMERCE (EIN 450406878) - 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

1975

Legal Domicile

Principal Officer

CARRIE BURKHEIMER

Phone

7015705084

Tax Period

2023-01-01 to 2023-12-31

WATFORD CITY AREA CHAMBER OF COMMERCE, founded in 1975, is a small nonprofit that reported $244K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

ORGANIZED FOR THE PURPOSE OF ADVANCING THE COMMERCIAL, INDUSTRIAL AND CIVIC INTEREST OF THE CITY OF WATFORD CITY AND VICINITY; TO PROMOTE INTEGRITY AND GOOD FAITH, JUST AND EQUITABLE PRINCIPLES IN BUSINESS AND TO HAVE A PART AS PRESENTING OUR CITY IN THE CONSIDERATION AND DECISION OF STATE AND NATIONAL ISSUES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $101,853

Program Service Revenue $142,559

Investment Income $5

Other Revenue $0

TOTAL REVENUE $244,417

Expense Breakdown

Grants Paid $7,750

Salaries & Benefits $63,739

Fundraising Expenses $0

Other Expenses $190,406

TOTAL EXPENSES $261,895

Year-over-Year Comparison

	2023	2022	Change
Revenue	$244,417	$273,857	-0.1%
Expenses	$261,895	$273,415	0.0%
Net Income	$-17,478	$442	-40.5%

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

$56,279

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARRIE BERKHEIMER	PRESIDENT	0.50	Officer Director	$0	$0	$0
CHRIS OLHEISER	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
AMANDA SKOGMAN	SECRETARY	0.25	Officer Director	$0	$0	$0
THERON HUWE	DIRECTOR	0.25	Director	$0	$0	$0
STEFANIE RUSSEL	DIRECTOR	0.25	Director	$0	$0	$0
DOUG BOLKEN	DIRECTOR	0.25	Director	$0	$0	$0
JOSH NOLLMEYER	DIRECTOR	0.25	Director	$0	$0	$0
SHELLEY ROGNESS	DIRECTOR	0.25	Director	$0	$0	$0
CERENA MCNEELY	DIRECTOR	0.25	Director	$0	$0	$0
MARY GUMKE	EXECUTIVE DIRECTOR	20.00	Officer	$56,279	$0	$56,279

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	No data	No data	No data	No data
2023	$244,417	$261,895	$200,057	$-17,478
2022	$273,857	$273,415	$216,457	$442
2021	$256,790	$254,451	$217,066	$2,339
2019	$271,873	$199,092	$197,079	$72,781

WATFORD CITY AREA CHAMBER OF COMMERCE