BROOKINGS AREA CHAMBER OF COMMERCE

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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

1938

Legal Domicile

Principal Officer

KELSEY DOOM

Phone

6056926125

Tax Period

2024-01-01 to 2024-12-31

BROOKINGS AREA CHAMBER OF COMMERCE, founded in 1938, is a small nonprofit that reported $641K in total revenue in fiscal year 2024.

Mission

TO PROMOTE, CONNECT, ENRICH AND ADVOCATE FOR THE BROOKINGS AREA BUSINESS COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $386,001 Revenue: $368,164

PROMOTING THE WELFARE OF THE CITY OF BROOKINGS, SOUTH DAKOTA AND THE SURROUNDING AREA. ENCOURAGING BUSINESS GROWTH THROUGH MEMBERSHIPS, MARKETING AND COMMUNICATIONS AND EVENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $243,407

Program Service Revenue $368,164

Investment Income $26,845

Other Revenue $2,987

TOTAL REVENUE $641,403

Expense Breakdown

Grants Paid $0

Salaries & Benefits $330,662

Fundraising Expenses $135,164

Program Expenses $386,001

Other Expenses $333,166

TOTAL EXPENSES $663,828

Year-over-Year Comparison

	2024	2023	Change
Revenue	$641,403	$600,145	+0.1%
Expenses	$663,828	$636,905	+0.0%
Net Income	$-22,425	$-36,760	-0.4%

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

100

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

$101,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELSEY DOOM	EXECUTIVE DI	40.00	Officer	$101,800	$0	$101,800
PAUL GILK	CHAIR	1.00	Director	$0	$0	$0
NICOLE NUTTBROCK	VICE CHAIR	1.00	Director	$0	$0	$0
MIKE TURNWALL	TREASURER	1.00	Director	$0	$0	$0
KYLE BENDER	PAST CHAIR	1.00	Director	$0	$0	$0
ABBY WOODFORD	DIRECTOR	1.00	Director	$0	$0	$0
BECKY DEGEN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS BROZIK	DIRECTOR	1.00	Director	$0	$0	$0
JACOB MESHKE	DIRECTOR	1.00	Director	$0	$0	$0
JESSE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
KRISTINA LANKOW	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SCHULTE	DIRECTOR	1.00	Director	$0	$0	$0
NATE SCHAEFER	DIRECTOR	1.00	Director	$0	$0	$0
SAMANTHA TUPPER	DIRECTOR	1.00	Director	$0	$0	$0
SETH SAYLER	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
2024	$641,403	$663,828	$402,796	$-22,425
2023	$600,145	$636,905	$482,794	$-36,760
2022	$526,317	$600,601	$602,059	$-74,284
2021	$714,435	$488,309	$625,325	$226,126
2020	$416,931	$419,884	$384,217	$-2,953
2019	$1,149,885	$1,043,044	$827,714	$106,841
2018	$1,020,076	$956,144	$746,100	$63,932