NORTH PLATTE AREA CHAMBER OF COMMERCE & DEVELOPMEN

EIN: 470254640 Community Improvement

North Platte, NE

Total Revenue
$6,035,819
Total Expenses
$979,143
Total Assets
$14,448,784
Net Assets
$14,400,082
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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
1945
Legal Domicile
NE
Tax Period
2023-10-01 to 2024-09-30

NORTH PLATTE AREA CHAMBER OF COMMERCE & DEVELOPMEN, founded in 1945, is a community nonprofit in the Community Improvement sector that reported $6.0M in total revenue in fiscal year 2023. Revenue surged 532% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.1M, a strong 84% operating margin.

Mission

THE ORGANIZATION ENDEAVORS TO SERVE THE COMMUNITY AND MEMBERS BY ATTRACTING AND RECRUITING NEW BUSINESSES AND JOBS, DEVLOPING CULTURAL AND ECONOMIC INTEREST, AND ENHANCING THE OVERALL BUSINESS CLIMATE OF THE NORTH PLATTE, NEBRASK AREA

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $500,947
Program Service Revenue $5,389,420
Investment Income $145,177
Other Revenue $275
TOTAL REVENUE $6,035,819

Expense Breakdown

Grants Paid $0
Salaries & Benefits $427,182
Fundraising Expenses $25,094
Program Expenses $585,364
Other Expenses $551,961
TOTAL EXPENSES $979,143

Year-over-Year Comparison

2023 2022 Change
Revenue $6,035,819 $954,367 +5.3%
Expenses $979,143 $1,619,396 -0.4%
Net Income $5,056,676 $-665,029 -8.6%
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

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Governance

Voting Members
15
Independent Members
15
Employees
6
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
2
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ED REIKER DIRECTOR 1.00
Director
$0 $0 $0
JOE HEWGLEY DIRECTOR 1.00
Director
$0 $0 $0
BRENT BURKLUND DIRECTOR 1.00
Director
$0 $0 $0
MATT HASENAUER DIRECTOR 1.00
Director
$0 $0 $0
DR TODD RHODES EX-OFFICIO ADVISOR 1.00
Director
$0 $0 $0
RYAN PURDY EX-OFFICIO ADVISOR 1.00
Director
$0 $0 $0
TREY WASSERBURGER DIRECTOR 1.00
Director
$0 $0 $0
LAYNE GROSETH EX-OFFICIO ADVISOR 1.00
Director
$0 $0 $0
BRANDON KELLIHER EX-OFFICIO ADVISOR 1.00
Director
$0 $0 $0
HANS JULIUS DIRECTOR 1.00
Director
$0 $0 $0
TANNER PETTERA DIRECTOR 1.00
Director
$0 $0 $0
BRANDON JONES DIRECTOR 1.00
Director
$0 $0 $0
BILL TROSHYNSKI DIRECTOR 1.00
Director
$0 $0 $0
RYAN LONG DIRECTOR 1.00
Director
$0 $0 $0
MENDY OETTINGER DIRECTOR 1.00
Director
$0 $0 $0
LELAND POPPE DIRECTOR 1.00
Director
$0 $0 $0
MEGAN MCGOWN VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
CORY JOHANSON CHAIRMAN 1.00
Officer Director
$0 $0 $0
GARY PERSON CEO 40.00
Highest
$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 $6,035,819 $979,143 $14,448,784 $5,056,676
2023 $954,367 $1,619,396 $9,380,975 $-665,029
2022 $6,036,758 $2,055,115 $10,042,889 $3,981,643
2021 $1,723,344 $672,144 $6,052,576 $1,051,200
2020 $1,060,510 $1,062,852 $5,052,447 $-2,342
2019 $1,532,886 $917,499 $4,998,765 $615,387
2018 $1,316,777 $822,843 $4,372,631 $493,934
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