MILBANK AREA CHAMBER OF COMMERCE (EIN 460215420) - 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

1989

Legal Domicile

Principal Officer

MATT SCOTT

Phone

6054326656

Tax Period

2023-10-01 to 2024-09-30

MILBANK AREA CHAMBER OF COMMERCE, founded in 1989, is a small nonprofit that reported $308K in total revenue in fiscal year 2018. Expenses of $291K left a modest 5% surplus.

Mission

THE MISSION OF THE CHAMBER IS TO AID IN THE PROMOTION OF BUSINESS IN THE COMMUNITY OF MILBANK, SOUTH DAKOTA.

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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 $75,288

Program Service Revenue $261,726

Investment Income $34

Other Revenue $7,835

TOTAL REVENUE $344,883

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,948

Fundraising Expenses $0

Other Expenses $276,128

TOTAL EXPENSES $346,076

Year-over-Year Comparison

	2023	2022	Change
Revenue	$344,883	$313,758	+0.1%
Expenses	$346,076	$341,086	+0.0%
Net Income	$-1,193	$-27,328	-1.0%

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

$50,616

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMIE HENDERSON	EXECUTIVE DI	40.00	Director	$50,616	$0	$50,616
BECKY BOSWELL	MEMBER	0.50	Director	$0	$0	$0
ELLI GRABOW-FISCHER	MEMBER	0.50	Director	$0	$0	$0
TRAVIS LESTER	MEMBER	0.50	Director	$0	$0	$0
ALEX PAULI	MEMBER	0.50	Director	$0	$0	$0
DWIGHT SAMSON	PAST PRESIDE	0.50	Officer Director	$0	$0	$0
MATT SCOTT	PRESIDENT	0.50	Officer Director	$0	$0	$0
RANDY TWISTOL	MEMBER	0.50	Director	$0	$0	$0
DAWN VANDERWAL	TREASURER	0.50	Officer Director	$0	$0	$0
NATHAN WATSON	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
DAKOTA WOLLSCHLAGER	MEMBER	0.50	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	$344,883	$346,076	$128,519	$-1,193
2023	$313,758	$341,086	$136,531	$-27,328
2022	$326,592	$300,015	$155,809	$26,577
2021	$399,124	$362,062	$132,886	$37,062
2020	$333,628	$344,259	$93,604	$-10,631
2019	$308,044	$291,474	$104,056	$16,570

MILBANK AREA CHAMBER OF COMMERCE