THE CHAMBER FOUNDATION

🔒

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

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

NICOLE MELAND

Phone

7013653440

Tax Period

2023-09-01 to 2024-08-31

THE CHAMBER FOUNDATION, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 90% from the prior year, signaling strong growth momentum.

Mission

THE CHAMBER FOUNDATION IS A CATALYST FOR STRENGTHENING THE REGIONAL WORKFORCE ECOSYSTEM. WE ACTIVATE COMMUNITY PARTNERS TO ENGAGE IN INNOVATIVE APPROACHES TO SOLVING THE REGION'S PRESSING ISSUES. OUR FOCUS LIES IN ACCLIMATION, DEVELOPMENT, AND RETENTION.

Program Service Accomplishments

Program 1

Expenses: $2,395,339

THE CHAMBER FOUNDATION'S IGNITE INITIATIVE IS OUR REGION'S DRIVING FORCE IN BUILDING A RESILIENT AND INCLUSIVE WORKFORCE. ATTRACTING EXCEPTIONAL TALENT, FOSTERING SEAMLESS ACCLIMATION, NURTURING...

THE CHAMBER FOUNDATION'S IGNITE INITIATIVE IS OUR REGION'S DRIVING FORCE IN BUILDING A RESILIENT AND INCLUSIVE WORKFORCE. ATTRACTING EXCEPTIONAL TALENT, FOSTERING SEAMLESS ACCLIMATION, NURTURING CONTINUOUS DEVELOPMENT AND ENSURING STEADFAST RETENTION ARE THE PILLARS THAT LEAD TO WORKFORCE GROWTH AND PROSPERITY. OUR WORKFORCE APPROACH INVOLVES COLLABORATION AND PARTNERSHIP WHILE WORKING ON VARIOUS CRITICAL INITIATIVES WITH A DIVERSE SET OF ORGANIZATIONS AND COMMUNITIES. THE IGNITE INITIATIVE HAS A VARIETY OF INNOVATIVE PROGRAMS THAT ADDRESS IMPORTANT WORKFORCE CHALLENGES, PROMOTE ECONOMIC GROWTH AND ENHANCE THE COMMUNITY'S WELL-BEING.THE COMMUNITY CONCIERGE PROGRAM FOSTERS STRONGER CONNECTIONS WITHIN THE VIBRANT COMMUNITIES OF FARGO, MOORHEAD AND WEST FARGO. THIS INITIATIVE IS DESIGNED TO CREATE A SUPPORTIVE NETWORK THAT TRANSCENDS GEOGRAPHICAL BOUNDARIES, ALLOWING INDIVIDUALS TO SHARE EXPERIENCES, BUILD MEANINGFUL FRIENDSHIPS, AND CULTIVATE VALUABLE CONNECTIONS THAT LAST A LIFETIME. THE PROGRAM ALSO PROVIDES INVALUABLE SUPPORT TO EMPLOYERS DURING THEIR RECRUITMENT AND ONBOARDING PROCESS. IGNITEFMWF IS AN ONLINE PLATFORM THAT INTEGRATES JOB RECRUITMENT, SKILL BUILDING AND CAREER NAVIGATION INTO ONE COLLABORATIVE RESOURCE. IT AIMS TO EMPOWER THE COMMUNITY BY CONNECTING PEOPLE WITH OPPORTUNITIES AND RESOURCES FOR CAREER GROWTH AND SUCCESS. THE PLATFORM OFFERS PERSONALIZED LEARNING PATHWAYS, ENABLING USERS TO EXPLORE NEW CAREERS AND IMPROVE THEIR SKILL SET.

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,731,431

Program Service Revenue $0

Investment Income $1,510

Other Revenue $0

TOTAL REVENUE $2,732,941

Expense Breakdown

Grants Paid $616,137

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,395,339

Other Expenses $2,292,992

TOTAL EXPENSES $2,909,129

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,732,941	$1,437,511	+0.9%
Expenses	$2,909,129	$1,187,714	+1.4%
Net Income	$-176,188	$249,797	-1.7%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$509,732

Total Directors

$330,992

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMI NORGARD	TREASURER	1.00	Officer Director	$0	$0	$0
CHAD FLANAGAN	CHAIR	1.00	Officer Director	$0	$0	$0
SHANNON FULL	SECRETARY	1.00	Officer Director	$0	$13,726	$330,992
TIFFANY LAWRENCE	VICE CHAIR	1.00	Director	$0	$0	$0
KRISTI HUBER	DIRECTOR	1.00	Director	$0	$0	$0
JENNA MUELLER	EXECUTIVE DIRECTOR	5.00	Officer	$0	$23,155	$178,740
NICOLE MELAND	VP OF FINANCE & OPERATIONS	5.00	Officer	$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	$2,732,941	$2,909,129	$1,405,410	$-176,188
2024	$869,698	$960,957	$824,907	$-91,259
2023	$1,437,511	$1,187,714	$639,163	$249,797
2022	$540,166	$458,276	$306,868	$81,890
2021	$351,065	$126,187	$224,978	$224,878