WATERTOWN 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

1915

Legal Domicile

Tax Period

2023-10-01 to 2024-09-30

WATERTOWN AREA CHAMBER OF COMMERCE, founded in 1915, is a small nonprofit that reported $808K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

CHAMBER OF COMMERCE

Program Service Accomplishments

Program 1

Expenses: $587,732

PROMOTES THE WELFARE OF THE CITY OF WATERTOWN, SOUTH DAKOTA, AND ENCOURAGES AND ADVANCES BUSINESS GROWTH AND DEVELOPMENT THROUGH INDUSTRIAL, ECONOMIC, AGRICULTURAL, COMMERCIAL, CIVIC, EDUCATIONAL AND...

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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 $0

Program Service Revenue $803,238

Investment Income $4,460

Other Revenue $0

TOTAL REVENUE $807,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,158

Fundraising Expenses $0

Program Expenses $587,732

Other Expenses $563,570

TOTAL EXPENSES $833,728

Year-over-Year Comparison

	2023	2022	Change
Revenue	$807,698	$909,597	-0.1%
Expenses	$833,728	$825,854	+0.0%
Net Income	$-26,030	$83,743	-1.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAMERON BURI	DIRECTOR	0.00	Director	$0	$0	$0
STACEY GOAR	DIRECTOR	0.00	Director	$0	$0	$0
SHAWNA STELTON	DIRECTOR	0.00	Director	$0	$0	$0
KATIE NORBERG	DIRECTOR	0.00	Director	$0	$0	$0
MADDIE ENGEN	DIRECTOR	0.00	Director	$0	$0	$0
EMILY HAGGE	EXECUTIVE AT LARGE	0.00	Officer	$0	$0	$0
SCOTT JONGBLOED	CHAIRMAN	0.00	Officer	$0	$0	$0
JOHN MAY	EXECUTIVE AT LARGE	0.00	Officer	$0	$0	$0
SEAN DEMPSEY	PAST CHAIRMAN	0.00	Officer	$0	$0	$0
PHILLIP MATTHEWS	EXECUTIVE AT LARGE	0.00	Officer	$0	$0	$0
KRISTIN HILL	INCOMING CHAIRMAN	0.00	Officer	$0	$0	$0
TIM SHEEHAN	PRESIDENT CFO	40.00	Officer	$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	$807,698	$833,728	$538,168	$-26,030
2023	$909,597	$825,854	$591,829	$83,743
2022	$816,848	$798,987	$549,312	$17,861
2021	$881,813	$775,154	$523,279	$106,659
2020	$686,686	$668,298	$367,300	$18,388
2019	$794,691	$768,244	$358,921	$26,447
2018	$727,724	$675,695	$323,765	$52,029