OUTING CHAMBER OF COMMERCE

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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

1965

Legal Domicile

Principal Officer

LARSON HAYNES

Phone

2187925365

Tax Period

2024-01-01 to 2024-12-31

OUTING CHAMBER OF COMMERCE, founded in 1965, is a micro nonprofit that reported $1K in total revenue in fiscal year 2024. Revenue fell 101% from the prior year — a significant decline worth monitoring.

Mission

PROMOTE THE LOCAL OUTING MN AREA. SPONSOR COMMUNITY EVENTS, PROMOTE PARTICIPATION AND SUPPORT LOCAL BUSINESSES.

Program Service Accomplishments

Program 1

Expenses: $11,558

THE CHAMBER PROMOTES THE OUTING AREA. THE WHOLE COMMUNITY AND SPECIFICALLY CHAMBER MEMBERS BENEFIT.

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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 $7,984

Program Service Revenue $0

Investment Income $538

Other Revenue $-9,957

TOTAL REVENUE $-1,435

Expense Breakdown

Grants Paid $7,899

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,558

Other Expenses $3,659

TOTAL EXPENSES $11,558

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-1,435	$170,233	-1.0%
Expenses	$11,558	$171,357	-0.9%
Net Income	$-12,993	$-1,124	+10.6%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARSON HAYNES	PRESIDENT	1.00	Officer Director	$0	$0	$0
RUSS PHILSTROM	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KATHERINE SWITZER	TREASURER	1.00	Officer Director	$0	$0	$0
LEANN WERNER	SECRETARY	1.00	Officer 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	$-1,435	$11,558	$43,524	$-12,993
2023	$170,233	$171,357	$58,048	$-1,124
2022	$179,357	$185,271	$58,313	$-5,914
2021	$195,513	$201,419	$58,308	$-5,906
2020	$87,769	$80,267	$49,426	$7,502
2019	$117,814	$110,174	$50,308	$7,640
2018	$271,186	$269,222	$42,684	$1,964