THE CHAMBER FARGO MOORHEAD WEST FARGO

EIN: 450448041 Community Improvement

FARGO, ND

Total Revenue
$4,624,905
Total Expenses
$4,614,547
Total Assets
$4,687,169
Net Assets
$3,247,449
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
ND
Principal Officer
NICOLE MELAND
Phone
7013653440
Tax Period
2023-09-01 to 2024-08-31

THE CHAMBER FARGO MOORHEAD WEST FARGO, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $4.6M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

THE CHAMBER IS A CATALYST FOR GROWTH AND PROSPERITY. WE PROTECT AND PROMOTE BUSINESS, INSPIRE INNOVATION, CULTIVATE COMMUNITIES AND INFLUENCE ACTION.

Program Service Accomplishments

Program 1

PUBLIC POLICY AND ADVOCACY IS ONE OF THE CHAMBER'S KEY INITIATIVES AND PROGRAMS. THE CHAMBER IS THE UNIFIED VOICE OF OUR BUSINESS COMMUNITY, ADVOCATING AT THE LOCAL, STATE AND FEDERAL LEVELS. WE...

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PUBLIC POLICY AND ADVOCACY IS ONE OF THE CHAMBER'S KEY INITIATIVES AND PROGRAMS. THE CHAMBER IS THE UNIFIED VOICE OF OUR BUSINESS COMMUNITY, ADVOCATING AT THE LOCAL, STATE AND FEDERAL LEVELS. WE CHALLENGE RESTRICTIVE REGULATIONS, CHAMPION PRO-BUSINESS POLICIES AND LEAD EFFORTS THAT PROTECT AND STRENGTHEN OUR REGION'S ECONOMY AND FUTURE. BY CONVENING PUBLIC OFFICIALS AND BUSINESS LEADERS AND INSPIRING CIVIC ENGAGEMENT, WE ENSURE THAT THE INTERESTS OF OUR COMMUNITY ARE HEARD, UNDERSTOOD, ADVANCED AND DEFENDED.

Program 2

LEADERSHIP FARGO MOORHEAD WEST FARGO HAS CONNECTED AND DEVELOPED LEADERS WHO GREATLY IMPACT THE COMMUNITY THROUGH DEDICATION AND SERVICE. YOU WILL FIND OUR ALUMNI HOLDING PROMINENT PUBLIC LEADERSHIP...

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LEADERSHIP FARGO MOORHEAD WEST FARGO HAS CONNECTED AND DEVELOPED LEADERS WHO GREATLY IMPACT THE COMMUNITY THROUGH DEDICATION AND SERVICE. YOU WILL FIND OUR ALUMNI HOLDING PROMINENT PUBLIC LEADERSHIP ROLES WITHIN OUR COMMUNITY AND A HOST OF OTHERS WHO ACTIVELY SERVE THE COMMUNITY EVERY DAY AS BOARD MEMBERS, DILIGENT VOLUNTEERS AND DEDICATED EMPLOYEES. EACH YEAR, LFMWF SELECTS 40 EMERGING AND EXISTING LEADERS FROM ALL SECTORS OF THE COMMUNITY TO PARTICIPATE IN THE NINE-MONTH PROGRAM. OUR PARTICIPANTS BUILD AN IMPACTFUL, LONG-LASTING NETWORK OF OTHER LEADERS WHILE SHARPENING THEIR OWN LEADERSHIP CAPABILITIES, EXPLORING MANY CHALLENGES AND OPPORTUNITIES OF OUR COMMUNITY, AND CONTRIBUTING TO THE VITALITY OF OUR REGION THROUGH COMMUNITY CHANGE INITIATIVES.

Program 3

WOMEN CONNECT IS ONE OF THE CHAMBER'S MONTHLY EVENT PROGRAMS, AIMED TO TARGET THE NEEDS AND DEVELOPMENT OF PROFESSIONAL WOMEN. EACH TIME YOU COME TO AN EVENT, YOU CAN EXPECT KNOWLEDGEABLE SPEAKERS...

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WOMEN CONNECT IS ONE OF THE CHAMBER'S MONTHLY EVENT PROGRAMS, AIMED TO TARGET THE NEEDS AND DEVELOPMENT OF PROFESSIONAL WOMEN. EACH TIME YOU COME TO AN EVENT, YOU CAN EXPECT KNOWLEDGEABLE SPEAKERS ADDRESSING A RANGE OF TOPICS APPLICABLE TO WOMEN IN THE MODERN WORKPLACE. BUT IT'S NOT JUST INSPIRATION AND EDUCATION THAT YOU CAN EXPECT! THERE ARE ALSO OPPORTUNITIES TO NETWORK AND CONNECT WITH YOUR PEERS AND LOCAL LEADERS.

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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 $88,476
Program Service Revenue $2,925,600
Investment Income $117,472
Other Revenue $1,493,357
TOTAL REVENUE $4,624,905

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,716,101
Fundraising Expenses $0
Other Expenses $1,898,446
TOTAL EXPENSES $4,614,547

Year-over-Year Comparison

2023 2022 Change
Revenue $4,624,905 $3,739,323 +0.2%
Expenses $4,614,547 $3,924,719 +0.2%
Net Income $10,358 $-185,396 -1.1%
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

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Governance

Voting Members
19
Independent Members
19
Employees
36
Volunteers
250

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
7
$473,587
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER STENEHJEM IMMEDIATE PAST CHAIR 1.00
Officer Director
$0 $0 $0
TAMI NORGARD CHAIR 1.00
Officer Director
$0 $0 $0
TINA AMERMAN DIRECTOR 1.00
Director
$0 $0 $0
KEVIN CHRISTIANSON DIRECTOR 1.00
Director
$0 $0 $0
CHAD FLANAGAN CHAIR ELECT 1.00
Officer Director
$0 $0 $0
KARA JORVIG DIRECTOR 1.00
Director
$0 $0 $0
MIKE ARNTSON DIRECTOR 1.00
Director
$0 $0 $0
TIFFANY LAWRENCE TREASURER 1.00
Officer Director
$0 $0 $0
RICHARD VETTER DIRECTOR (ENDED 12/2023) 1.00
Director
$0 $0 $0
KEVIN BUCHOLZ DIRECTOR 1.00
Director
$0 $0 $0
DAVID COOK DIRECTOR 1.00
Director
$0 $0 $0
CAMILLE GRADE DIRECTOR 1.00
Director
$0 $0 $0
KRISTI HUBER DIRECTOR 1.00
Director
$0 $0 $0
JENNY OLSON DIRECTOR 1.00
Director
$0 $0 $0
JON RIEWER DIRECTOR 1.00
Director
$0 $0 $0
MARK THOMPSON DIRECTOR (STARTED 1/2024) 1.00
Director
$0 $0 $0
PAUL MATTHYS DIRECTOR (STARTED 9/2023) 1.00
Director
$0 $0 $0
JULIE WHITNEY DIRECTOR (STARTED 9/2023) 1.00
Director
$0 $0 $0
BRIAN SHAWN DIRECTOR (STARTED 9/2023) 1.00
Director
$0 $0 $0
FRANK MATUS DIRECTOR (STARTED 9/2023) 1.00
Director
$0 $0 $0
SHANNON FULL PRESIDENT 20.00
Officer
$317,266 $23,155 $340,421
NICOLE MELAND VP OF FINANCE & OPERATIONS 32.00
Officer
$0 $0 $0
KATHERINE GRINDBERG EXECUTIVE VP 36.00
Officer
$119,417 $13,749 $133,166
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 $1,534,061 $1,546,397 $4,240,094 $-12,336
2024 $4,624,905 $4,614,547 $4,687,169 $10,358
2023 $3,739,323 $3,924,719 $4,144,497 $-185,396
2022 $3,579,587 $3,053,323 $4,165,478 $526,264
2021 $2,833,642 $2,416,043 $4,524,084 $417,599
2020 $2,789,945 $2,458,926 $3,402,092 $331,019
2019 $2,914,309 $2,776,695 $2,690,374 $137,614
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