Aberdeen, SD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Aberdeen Area Chamber of Commerce, founded in 1934, is a small nonprofit that reported $706K in total revenue in fiscal year 2023. Expenses of $835K exceeded revenue, resulting in a 18% operating deficit.
To serve as the leading business advocate for the economic health and vitality of our membership, our community, and the greater Aberdeen area.
The Aberdeen Area Chamber of Commerce has been an established voluntary non-profit membership organization since 1884. Today, we are 584 members strong with over 350 active volunteers that help...
The Aberdeen Area Chamber of Commerce has been an established voluntary non-profit membership organization since 1884. Today, we are 584 members strong with over 350 active volunteers that help facilitate and participate in the Chamber's activities and events. As a non-profit, 501(c)(6) corporation, the Chamber supports and speaks for those engaged in business, industry, agriculture, transportation, education, healthcare and private sector enterprises. In a nutshell, we seek to make commerce happen through business expansion and attraction, as well as the advocacy efforts that help improve business in our area.Our vision is to bring businesses and individuals together to build consensus on business issues and community goals. Our mission is to serve as the leading business advocate for the economic health and vitality of our membership, our community, and the greater Aberdeen area. The Chamber pursues its vision and mission by:- Serving the region as the central networking organization from which ideas, resources and assets can be drawn;- Unifying and advancing membership, community and regional interests;- Cultivating future leadership and advancing opportunities locally and regionally;- Educating businesses and individuals on workforce readiness and development issues; and- Promoting and encouraging growth of the membership, community, and area.The Chamber is funded by membership investments and event revenue. We facilitate several community based programs and initiatives with the assistance of volunteers who serve within the committee structure. Committees include healthcare, workforce and education, transportation, agriculture, government affairs, community pride, military/veterans, the network (formerly young professionals), diplomats and ambassadors. In addition, we host community events and several programs including, but not limited to, the ABBY Awards, the Community Champions Luncheon, New Teacher/Faculty Luncheon, Agriculture Appreciation Banquet, Business After Hours, Residential Cleanup, and the Community Gift Certificate Program.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $706,100 | $729,237 | 0.0% |
| Expenses | $835,258 | $789,578 | +0.1% |
| Net Income | $-129,158 | $-60,341 | +1.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Kellie Ecker | Past President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Katie Washnok | President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Cam Schock | Vice President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Zach Flakas | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kila LeGrand | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Brodie Meuller | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Mike Sommers | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Spencer Sommers | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Courtney Rott | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Jarrett Rix | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Tom Cogley | Director (until July '23) | 0.20 |
Director
|
$0 | $0 | $0 |
| Mike Quast | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Tanner White | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Daryl Thoennes | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Jane Kuhn | Director (until Oct '23) | 0.30 |
Director
|
$0 | $0 | $0 |
| Dawn Thorstenson | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Marcus Garstecki | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Alexandra Grieben | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Gail Ochs | CEO | 40.00 |
Officer
|
$90,400 | $17,065 | $107,465 |
| Kathy Bjerke | Finance & Administration | 40.00 |
Officer
|
$46,024 | $5,552 | $51,576 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $706,100 | $835,258 | $751,795 | $-129,158 |
| 2022 | $729,237 | $789,578 | $858,465 | $-60,341 |
| 2021 | $813,796 | $703,443 | $1,162,237 | $110,353 |
| 2020 | $616,711 | $679,320 | $672,956 | $-62,609 |
| 2019 | $744,965 | $685,661 | $541,918 | $59,304 |
| 2018 | $732,380 | $697,940 | $447,456 | $34,440 |
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