Liabilities / Assets
25th percentile
Higher debt load relative to assets than 25% of similar nonprofits.
EIN 39-0892145 • 501(c)6 • River Falls, WI
Profile
To promote and support its members and business in the local area to enhance the economy and culture throughout the community
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
25th percentile
Higher debt load relative to assets than 25% of similar nonprofits.
Liabilities / Revenue
26th percentile
Higher debt load relative to revenue than 26% of similar nonprofits.
Net Margin
23rd percentile
Higher net margin than 23% of similar nonprofits.
Top Officer Pay
62nd percentile
Higher top officer pay than 62% of similar nonprofits.
Top officer pay equals 14.3% of source-year revenue.
Asset Growth
13th percentile
Faster asset growth than 13% of similar nonprofits.
Revenue Growth
34th percentile
Faster revenue growth than 34% of similar nonprofits.
Assets
Down$174,602
Down $35,511 (-17%) from 2023
Liabilities
Down$13
Down $140 (-92%) from 2023
Net Assets
Down$174,589
Down $35,371 (-17%) from 2023
Revenue
Down$563,145
Down $5,298 (-0.9%) from 2023
Expenses
Up$598,516
Up $16,632 (+2.9%) from 2023
Net Income
Down-$35,371
Down $21,930 (-163%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
To promote and support its members and businesses in the local area to enhance the economy and culture throughout the community.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $209,960 | $174,589 | ▼ $35,371 |
| Savings and Temporary Cash Investments | $170,135 | $152,621 | ▼ $17,514 |
| Cash and Non-Interest-Bearing Accounts | $39,453 | $19,356 | ▼ $20,097 |
| Other Notes and Loans Receivable, Net | - | $2,100 | - |
| Land, Buildings, and Equipment, Net | $525 | $525 | → $0 |
| Total Assets | $210,113 | $174,602 | ▼ $35,511 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $153 | $13 | ▼ $140 |
| Total Liabilities | $153 | $13 | ▼ $140 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $209,960 | $174,589 | ▼ $35,371 |
| Total Liabilities and Net Assets / Fund Balance | $210,113 | $174,602 | ▼ $35,511 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $525 | $8,120 | $8,645 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Russ Korpela | CEO | FT | $80,799 | $80,799 |
| Name | Title |
|---|---|
| Sheri Marnell | Chair |
| Brian Manion | Past Chair |
| Amanda Berndt | Director |
| Heidi Hanson | Director |
| Jeff Wellsley | Director |
| Jessica Curtis | Director |
| Keri Schreiner | Director |
| Melisa Hansen | Director |
| Rick Foy | Director |
| Ryan Leitch | Director |
| Keith Gunderson | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $382,119 |
| Salaries, Compensation, and Employee Benefits | $216,397 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | - | - | - | $117,697 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $80,799 |
| Advertising | - | - | - | $50,221 |
| Occupancy | - | - | - | $22,248 |
| Payroll Taxes | - | - | - | $15,719 |
| Fees for Services Accounting | - | - | - | $12,857 |
| Office Expenses | - | - | - | $9,661 |
| Insurance | - | - | - | $8,861 |
| Conferences and Meetings | - | - | - | $4,428 |
| Other Expenses | - | - | - | $3,304 |
| All Other Expenses | - | - | - | $2,490 |
| Pension Plan Contributions | - | - | - | $2,182 |
| Total Functional Expenses | $0 | $0 | $0 | $598,516 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Any individual or entity, having an interest in the purpose & objectives of the chamber shall be eligible to apply for membership. All memberships are subject to annual approval of the board.”
“Each member in good standing and their employees have the privilege of participating in chamber activities and shall be granted one (1) vote per membership.”
“The board of directors are provided a copy of the 990 to review prior to filing with the irs.”
“Any director having a material financial interest or having an immediate family member with a material financial interest, in a contract or other transaction presented to the board of a committee or a committee of the chamber shall make a full and frank disclosure of the interest to the board or committee before it acts. Such disclosure shall include any relevant facts known to such person about the contract or transaction that may reasonably be construed to be averse to the chamber's interest. The board shall then determine by majority vote whether the disclosure shows that a conflict of interest exists. If a conflict exists, such a person shall not vote on such contract or transaction. Such person shall be counted in determining the existence of a quorum at any meeting where the contract or transaction is voted on. The minutes of the meeting shall record whether a quorum was present, the disclosure, the vote, and, when applicable, the abstention. For purposes of this section, a person shall be deemed to have a material financial interest in a contract or other transaction if such person is a party dealing with the chamber or is a shareholder, partner, or officer of, or has a significant financial investment in the entity dealing with the chamber. "immediate family member" means natural, adoptive, or marital grandparent, parent, sibling, child, or grandchild.”
“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 13 |
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| IRS990/ActivityOrMissionDesc | 0 | TO PROMOTE AND SUPPORT ITS MEMBERS AND BUSINESSES IN THE LOCAL AREA TO ENHANCE THE ECONOMY AND CULTURE THROUGHOUT THE COMMUNITY. |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 50221 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 2490 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
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| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 215 W MAPLE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | RIVER FALLS |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | WI |
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| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 555645 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -35371 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 216397 |
| IRS990/CYTotalExpensesAmt | 0 | 598516 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 563145 |
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| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CEO |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | PAST CHAIR |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
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| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 1955 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 11 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 563145 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
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| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 7500 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 7500 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
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| IRS990/IRPDocumentW2GCnt | 0 | 0 |
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| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 8645 |
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| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | true |
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| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | TO PROMOTE AND SUPPORT ITS MEMBERS AND BUSINESSES IN THE LOCAL AREA TO ENHANCE THE ECONOMY AND CULTURE THROUGHOUT THE COMMUNITY. |
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| IRS990/ProgramServiceRevenueGrp/Desc | 2 | MEMBERSHIP DUES |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | CHAMBER CHECKS |
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| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 11852 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 4 | 6860 |
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| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 63794 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 11852 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 4 | 6860 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
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| IRS990/PYProgramServiceRevenueAmt | 0 | 563183 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -13441 |
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| IRS990/PYTotalRevenueAmt | 0 | 568443 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -35371 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
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| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
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| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 174589 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 170135 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 152621 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 525 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 8120 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 8645 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 525 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | ANY INDIVIDUAL OR ENTITY, HAVING AN INTEREST IN THE PURPOSE & OBJECTIVES OF THE CHAMBER SHALL BE ELIGIBLE TO APPLY FOR MEMBERSHIP. ALL MEMBERSHIPS ARE SUBJECT TO ANNUAL APPROVAL OF THE BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EACH MEMBER IN GOOD STANDING AND THEIR EMPLOYEES HAVE THE PRIVILEGE OF PARTICIPATING IN CHAMBER ACTIVITIES AND SHALL BE GRANTED ONE (1) VOTE PER MEMBERSHIP. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE BOARD OF DIRECTORS ARE PROVIDED A COPY OF THE 990 TO REVIEW PRIOR TO FILING WITH THE IRS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ANY DIRECTOR HAVING A MATERIAL FINANCIAL INTEREST OR HAVING AN IMMEDIATE FAMILY MEMBER WITH A MATERIAL FINANCIAL INTEREST, IN A CONTRACT OR OTHER TRANSACTION PRESENTED TO THE BOARD OF A COMMITTEE OR A COMMITTEE OF THE CHAMBER SHALL MAKE A FULL AND FRANK DISCLOSURE OF THE INTEREST TO THE BOARD OR COMMITTEE BEFORE IT ACTS. SUCH DISCLOSURE SHALL INCLUDE ANY RELEVANT FACTS KNOWN TO SUCH PERSON ABOUT THE CONTRACT OR TRANSACTION THAT MAY REASONABLY BE CONSTRUED TO BE AVERSE TO THE CHAMBER'S INTEREST. THE BOARD SHALL THEN DETERMINE BY MAJORITY VOTE WHETHER THE DISCLOSURE SHOWS THAT A CONFLICT OF INTEREST EXISTS. IF A CONFLICT EXISTS, SUCH A PERSON SHALL NOT VOTE ON SUCH CONTRACT OR TRANSACTION. SUCH PERSON SHALL BE COUNTED IN DETERMINING THE EXISTENCE OF A QUORUM AT ANY MEETING WHERE THE CONTRACT OR TRANSACTION IS VOTED ON. THE MINUTES OF THE MEETING SHALL RECORD WHETHER A QUORUM WAS PRESENT, THE DISCLOSURE, THE VOTE, AND, WHEN APPLICABLE, THE ABSTENTION. FOR PURPOSES OF THIS SECTION, A PERSON SHALL BE DEEMED TO HAVE A MATERIAL FINANCIAL INTEREST IN A CONTRACT OR OTHER TRANSACTION IF SUCH PERSON IS A PARTY DEALING WITH THE CHAMBER OR IS A SHAREHOLDER, PARTNER, OR OFFICER OF, OR HAS A SIGNIFICANT FINANCIAL INVESTMENT IN THE ENTITY DEALING WITH THE CHAMBER. "IMMEDIATE FAMILY MEMBER" MEANS NATURAL, ADOPTIVE, OR MARITAL GRANDPARENT, PARENT, SIBLING, CHILD, OR GRANDCHILD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 6, PART VI, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 210113 |
| IRS990/TotalAssetsEOYAmt | 0 | 174602 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 210113 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 174602 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalEmployeeCnt | 0 | 5 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 598516 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 153 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 13 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 153 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 13 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 209960 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 174589 |
| IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt | 0 | 957 |
| IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt | 0 | 957 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 555645 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 80799 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 7500 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 555645 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 563145 |
| IRS990/TotalVolunteersCnt | 0 | 400 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 210113 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 174602 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 215 W MAPLE |
| IRS990/USAddress/CityNm | 0 | RIVER FALLS |
| IRS990/USAddress/StateAbbreviationCd | 0 | WI |
| IRS990/USAddress/ZIPCd | 0 | 54022 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 11 |
| IRS990/VotingMembersIndependentCnt | 0 | 11 |
| IRS990/WebsiteAddressTxt | 0 | WWW.RFCHAMBER.COM |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ROSA MAGNUS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CEO |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7154252533 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-10-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | RIVER FALLS CHAMBER OF COMMERCE INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | RIVE |
| ReturnHeader/Filer/EIN | 0 | 390892145 |
| ReturnHeader/Filer/PhoneNum | 0 | 7154252533 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 215 W MAPLE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | RIVER FALLS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | WI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 54022 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 391825995 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | GUINN VINOPAL & ZAHRADKA LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 811 FIRST ST SUITE 101 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | HUDSON |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | WI |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 54016 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7153861212 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-10-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DAN PATRICK CPA |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2025-10-28T15:26:06-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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