LAURENTIAN CHAMBER OF COMMERCE INC (EIN 510456882) - 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

2003

Legal Domicile

Principal Officer

TERESA APPELWICK

Phone

2187412717

Tax Period

2023-01-01 to 2023-12-31

LAURENTIAN CHAMBER OF COMMERCE INC, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $197K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

BUSINESS PROMOTION

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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 (2023)

Revenue Breakdown

Contributions & Grants $137,832

Program Service Revenue $0

Investment Income $112

Other Revenue $59,030

TOTAL REVENUE $196,974

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,636

Fundraising Expenses $0

Other Expenses $66,057

TOTAL EXPENSES $198,693

Year-over-Year Comparison

	2023	2022	Change
Revenue	$196,974	$174,458	+0.1%
Expenses	$198,693	$214,290	-0.1%
Net Income	$-1,719	$-39,832	-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

Key Employees

$88,950

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERESA APPELWICK	PRESIDENT	40.00	Key Emp	$88,950	$0	$88,950
NICHOLAS MATHIOWETZ	CHAIR	1.00	Officer Director	$0	$0	$0
NATHAN DAHL	CHAIR	1.00	Officer Director	$0	$0	$0
AMY KLIMA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRADLEY GUSTAFSON	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
JON HOEL	TREASURER	1.00	Officer Director	$0	$0	$0
ARIK FORSMAN	DIRECTOR	1.00	Director	$0	$0	$0
CHAD BUSS	DIRECTOR	1.00	Director	$0	$0	$0
MATT SEPPI JR	DIRECTOR	1.00	Director	$0	$0	$0
ABIGAIL HEJDA	DIRECTOR	1.00	Director	$0	$0	$0
JUSTINE HENRY	DIRECTOR	1.00	Director	$0	$0	$0
SANDY KARNOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTY LANG	DIRECTOR	1.00	Director	$0	$0	$0
FRED SEYMOUR	DIRECTOR	1.00	Director	$0	$0	$0
DANA SANDERS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT ZAHORIK	DIRECTOR	1.00	Director	$0	$0	$0
SAM STONE	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	No data	No data	No data	No data
2023	$196,974	$198,693	$181,264	$-1,719
2022	$174,458	$214,290	$183,667	$-39,832
2021	$216,860	$176,228	$254,545	$40,632
2020	$196,001	$174,421	$277,488	$21,580
2019	$185,010	$158,366	$268,001	$26,644
2018	$190,379	$152,029	$252,730	$38,350

LAURENTIAN CHAMBER OF COMMERCE INC