Wessington Springs Area Chamber & Development (EIN 460336659) - 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

2015

Legal Domicile

Principal Officer

Mette Ness

Phone

6055391929

Tax Period

2020-01-01 to 2020-12-31

Wessington Springs Area Chamber & Development, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $215K in total revenue in fiscal year 2020. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $134K, a strong 62% operating margin.

Mission

Community promotions and marketing events to promote and benefit the Wessington Springs community and Jerauld County

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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 (2020)

Revenue Breakdown

Contributions & Grants $206,515

Program Service Revenue $0

Investment Income $419

Other Revenue $8,202

TOTAL REVENUE $215,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,735

Fundraising Expenses $24,954

Program Expenses $16,202

Other Expenses $56,736

TOTAL EXPENSES $81,471

Year-over-Year Comparison

	2020	2019	Change
Revenue	$215,136	$153,082	+0.4%
Expenses	$81,471	$20,690	+2.9%
Net Income	$133,665	$132,392	+0.0%

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

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
Quinten Burg	Chairperson	1.00	Officer	$0	$0	$0
Heather Larson	Vice-Chair	1.00	Officer	$0	$0	$0
Mette Ness	Secretary/Treasurer	1.00	Officer	$0	$0	$0
Lynn Ogren	Director	1.00	Director	$0	$0	$0
Phil Wipf	Director	1.00	Director	$0	$0	$0
Michelle Tong	Director	1.00	Director	$0	$0	$0
Laura Baker	Director	1.00	Director	$0	$0	$0
Loree Gaikowski	Coordinator	15.00	Highest	$24,735	$0	$24,735

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
2020	$215,136	$81,471	$354,662	$133,665

Wessington Springs Area Chamber & Development