EDEN PRAIRIE CHAMBER OF COMMERCE

EIN: 510138681

EDEN PRAIRIE, MN

Total Revenue
$353,776
Total Expenses
$413,643
Total Assets
$229,767
Net Assets
$162,003
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
MN
Principal Officer
PAT MULQUEENY
Phone
9529442830
Tax Period
2023-01-01 to 2023-12-31

EDEN PRAIRIE CHAMBER OF COMMERCE, founded in 1971, is a small nonprofit that reported $354K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $414K exceeded revenue, resulting in a 17% operating deficit.

Mission

LEADERS FOR COMMUNITY PROSPERITY. ADVOCATES FOR BUSINESS.

Program Service Accomplishments

Program 1

NETWORKING - NETWORKING CONTINUES TO BE A PRIMARY BENEFIT FOR MANY OF OUR SMALLER AND MID-SIZE MEMBERS. IN 2023 THE CHAMBER, CONTINUED TO SEE STRONG INTEREST IN OUR WOMEN'S NETWORK PROGRAMS. WE ALSO...

Read more

NETWORKING - NETWORKING CONTINUES TO BE A PRIMARY BENEFIT FOR MANY OF OUR SMALLER AND MID-SIZE MEMBERS. IN 2023 THE CHAMBER, CONTINUED TO SEE STRONG INTEREST IN OUR WOMEN'S NETWORK PROGRAMS. WE ALSO STARTED BUILDING OUT MONTHLY OPPORTUNITIES FOR OUR EMERGING LEADERS/YOUNG PROFESSIONALS. IN ADDITION, THE CHAMBER ADDED A BURGER BATTLE MONTH LONG FRIENDLY COMPETITION AMONGST LOCAL RESTAURANTS THAT HAD DINERS VOTE ON THE BURGERS ENTERED INTO THE COMPETITION.

Program 2

PUBLIC POLICY - THE CHAMBER ADVOCATES ON BEHALF OF ITS BUSINESS MEMBERS ON LOCAL, COUNTY, STATE AND FEDERAL ISSUES. IN 2023, WE WERE VERY ACTIVE WITH MEETING WITH ELECTED OFFICIALS AND SHARING OUR...

Read more

PUBLIC POLICY - THE CHAMBER ADVOCATES ON BEHALF OF ITS BUSINESS MEMBERS ON LOCAL, COUNTY, STATE AND FEDERAL ISSUES. IN 2023, WE WERE VERY ACTIVE WITH MEETING WITH ELECTED OFFICIALS AND SHARING OUR BUSINESSES CONCERNS AND ISSUES WITH THEM PARTICULARLY THE IMPACT OF NEW LAWS, REGULATIONS AND TAXES PASSED IN 2022 THAT ARE IMPACTING OUR BUSINESSES.

Program 3

COMMUNITY BUILDING - IN 2023, THE CHAMBER CONTINUED TO PUBLISH OUR DIRECTORY AND COMMUNITY GUIDE INTO ONE PUBLICATION. THIS PUBLICATION IS BEING DISTRIBUTED THROUGH DIRECT MAIL, CHAMBER EVENTS...

Read more

COMMUNITY BUILDING - IN 2023, THE CHAMBER CONTINUED TO PUBLISH OUR DIRECTORY AND COMMUNITY GUIDE INTO ONE PUBLICATION. THIS PUBLICATION IS BEING DISTRIBUTED THROUGH DIRECT MAIL, CHAMBER EVENTS, HOTELS, THE CITY OFFICES AND AT OUR SCHOOL DISTRICTS WELCOME CENTER. THE CHAMBER CONTINUES ITS EFFORTS IN BUILDING A STRONG COMMUNITY INCLUDING GIVING OUT ANOTHER $3,000 IN SCHOLARSHIPS TO HELP FURTHER THE EDUCATION OF TWO LOCAL STUDENTS. WE ALSO CONTINUED TO HAVE OUR FUTURE LEADERS/STUDENT MEMBERSHIP PROGRAM WITH HIGH SCHOOL SENIORS LEARNING VALUABLE BUSINESS SKILLS. AS THE FIRST CHAMBER IN THE NATION TO OFFER THIS UNIQUE OPPORTUNITY FOR STUDENTS, OUR PROGRAM HAS HELPED YOUNG ENTREPRENEURS AND BUSINESS PEOPLE LEARN HOW TO NETWORK, ENGAGE, DO BUSINESS, AND EVEN DRESS PROPERLY IN THE "REAL WORLD."

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $16,809
Program Service Revenue $306,302
Investment Income $1,474
Other Revenue $29,191
TOTAL REVENUE $353,776

Expense Breakdown

Grants Paid $3,000
Salaries & Benefits $227,719
Fundraising Expenses $0
Other Expenses $182,924
TOTAL EXPENSES $413,643

Year-over-Year Comparison

2023 2022 Change
Revenue $353,776 $372,805 -0.1%
Expenses $413,643 $365,919 +0.1%
Net Income $-59,867 $6,886 -9.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
13
Independent Members
13
Employees
3
Volunteers
82

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
5
$122,948
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON HEINTZ PAST CHAIR 1.00
Officer Director
$0 $0 $0
TROY NOOR BOARD CHAIR 1.00
Officer Director
$0 $0 $0
JOSH SWANSON DIRECTOR 1.00
Director
$0 $0 $0
ANNE BYRNE DIRECTOR 1.00
Director
$0 $0 $0
NICHOLAS RAHRICH DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH ANDERSON DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN CRAWFORD DIRECTOR 1.00
Director
$0 $0 $0
RICK GETSCHOW DIRECTOR 1.00
Director
$0 $0 $0
NANCY LITWIN DIRECTOR 1.00
Director
$0 $0 $0
BRANDON SCHULER DIRECTOR 1.00
Director
$0 $0 $0
RUTH GARDNER CHAIR ELECT 1.00
Officer Director
$0 $0 $0
MOULI VENKATESAN DIRECTOR 1.00
Director
$0 $0 $0
KAREN SPAETH DIRECTOR 1.00
Director
$0 $0 $0
ZACH NOHRE TREASURER 1.00
Officer Director
$0 $0 $0
JOHN LEE DIRECTOR 1.00
Director
$0 $0 $0
PATRICK MULQUEENY PRESIDENT 40.00
Officer
$119,367 $3,581 $122,948
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 No data No data No data No data
2023 $353,776 $413,643 $229,767 $-59,867
2022 $372,805 $365,919 $271,104 $6,886
2021 $331,646 $278,455 $272,642 $53,191
2020 $344,680 $285,463 $205,151 $59,217
2019 $381,590 $396,098 $169,569 $-14,508
2018 $413,410 $438,466 $182,363 $-25,056
Explore More Nonprofits
Top 100 Nonprofits in Minnesota Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare EDEN PRAIRIE CHAMBER OF COMMERCE with other nonprofits in Minnesota and across the country.