Aberdeen Area Chamber of Commerce (EIN 460103710) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1934

Legal Domicile

Principal Officer

Gail Ochs

Phone

6052252860

Tax Period

2023-01-01 to 2023-12-31

Aberdeen Area Chamber of Commerce, founded in 1934, is a small nonprofit that reported $732K in total revenue in fiscal year 2018. Expenses of $698K left a modest 5% surplus.

Mission

To serve as the leading business advocate for the economic health and vitality of our membership, our community, and the greater Aberdeen area.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $108,200

Program Service Revenue $596,497

Investment Income $665

Other Revenue $738

TOTAL REVENUE $706,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $352,555

Fundraising Expenses $0

Other Expenses $482,703

TOTAL EXPENSES $835,258

Year-over-Year Comparison

	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%

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

350

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

$159,041

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

Aberdeen Area Chamber of Commerce