Blooming Prairie Chamber of Commerce

Nonprofit profile at a glance

EIN
411489940
IRS 990 coverage
2012–2025
Forms available
Form 990 2025, Form 990-EZ 2017
Location
Blooming Prairie, MN, USA
Phone
5075834472
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$22,480
Expenses
$40,506
Assets
$94,974
Liabilities
$14,520

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • Karen Peterson (Executive Director)
  • NAIDA DOKKEN (President)
  • TERESA GISLESON (Vice President)

Highest reported compensation

  • Karen Peterson (Executive Director): $22,411 total reported compensation
  • Darla Skalicky (Gambling Manager): $5,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide framework for community growth

What it reported doing in 2025

Tourism - blooming prairie community infobeer and wine - to bring the community togethergolf fun - to provide entertainment for the communitygarage sale - city wide garage sale - 250-500 participantslets get lit and together we shine - to beautify the city old fashioned 4th of july - city wide celebrations, 2 days of events open to the general public, 40,000 people attended annually, 2000 residents and merchants participatelawful gambling as unrelated business income

Operating model

Revenue model
Earned-program. 76% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 90
  • Accountability: 69
  • Sustainability: 23
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 59.6%; rating input score 60
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -80.2%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 2.34; rating input score 40; 40th percentile among comparable filings
  • Liabilities to assets ratio: 0.15; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 68.9%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: -20.5% per year; rating input score 0; 16th percentile among comparable filings
  • Revenue growth: 5.4% per year; rating input score 100; 76th percentile among comparable filings
  • Asset growth: 11.6% per year; rating input score 100; 80th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 59.6% of spending went to programs
  • Governance: 14 of 14 board members independent · 2 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $22K · 16 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 9 filing years from 2012 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 5 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 20/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.