NORTH 65 CHAMBER OF COMMERCE INC (EIN 473357921) - Form 990 Financial Analysis & Trantor Score

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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

2015

Legal Domicile

Principal Officer

MELISSA BETTENDORF

Phone

7636892505

Tax Period

2024-01-01 to 2024-12-31

NORTH 65 CHAMBER OF COMMERCE INC, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $165K in total revenue in fiscal year 2024.

Mission

TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF THE ECONOMIC AREA OF ISANTI COUNTY MINNESOTA AND THE REGIONAL MARKET EXTENDING THERE FROM SO THAT ITS CITIZENS AND THE BUSINESS COMMUNITY SHALL BE BENEFITTED.

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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 $97,143

Program Service Revenue $34,903

Investment Income $40

Other Revenue $32,958

TOTAL REVENUE $165,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,894

Fundraising Expenses $11,497

Program Expenses $93,918

Other Expenses $61,857

TOTAL EXPENSES $172,751

Year-over-Year Comparison

	2024	2023	Change
Revenue	$165,044	$163,092	+0.0%
Expenses	$172,751	$160,422	+0.1%
Net Income	$-7,707	$2,670	-3.9%

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

$48,952

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA BETTENDORF	EXECUTIVE DIRECTOR	28.00	Officer	$47,526	$1,426	$48,952
ALLEN GOLDSMITH	CHAIR (BEG 7/1)/ VICE CHAIR	1.00	Officer Director	$0	$0	$0
NIKKITA OSTROM	VICE CHAIR(BEG 7/1)/DIRECTOR	1.00	Officer Director	$0	$0	$0
CHRIS KAMPA	TREASURER	1.00	Officer Director	$0	$0	$0
REBECCA TRETHEWEY	SECRETARY(BEG 7/1)/DIRECTOR	0.50	Officer Director	$0	$0	$0
ASHLEY SIEVERS	DIRECTOR (BEG 7/1)/ CHAIR	1.00	Director	$0	$0	$0
ASHLEE AASER	DIRECTOR(BEG 7/1)/SECRETARY	1.00	Director	$0	$0	$0
LON LANE	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTI PATRICK	DIRECTOR	0.50	Director	$0	$0	$0
JULIE PAGE	DIRECTOR	0.50	Director	$0	$0	$0
JUSTIN DOMINO	DIRECTOR	1.00	Director	$0	$0	$0
DAMON PATRICK	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA SVOBODA	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	$165,044	$172,751	$75,215	$-7,707
2023	$163,092	$160,422	$92,880	$2,670
2022	$137,154	$142,837	$92,465	$-5,683
2021	$137,874	$106,994	$98,524	$30,880
2021	$60,128	$49,744	$75,755	$10,384
2020	$87,928	$48,589	$67,626	$39,339
2020	$126,914	$119,565	$27,847	$7,349
2019	$135,938	$120,418	$23,368	$15,520

NORTH 65 CHAMBER OF COMMERCE INC