Little Falls Area Chamber of Commerce & Tourism
Nonprofit profile at a glance
- EIN
- 410856056
- IRS 990 coverage
- 2011–2025
- Forms available
- Form 990 2025
- Location
- Little Falls, MN, USA
- Phone
- 3206325155
- Rating confidence
- Limited
Reported finances
- Revenue
- $641,933
- Expenses
- $509,714
- Assets
- $808,761
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- PURVA WATTEN (EXECUTIVE DIRECTOR)
Highest reported compensation
- PURVA WATTEN (EXECUTIVE DIRECTOR): $65,000 total reported compensation
- SABRINA KOELSCH (TOURISM AND MARKETING DIRE): $50,400 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to serve our members and promote our community as a dynamic place to visit, work, and live.
What it reported doing in 2025
Community pride - the center hosts an annual little falls arts & crafts fair, a 2 day event that brings crafters and artisans from across the country to the community. Our organization also garnered lots of media attention due to events like arts and crafts fair, christmas tours and charmed ride.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 90
- Sustainability: 63
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- 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: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 20.6%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 1.59; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 88; 88th percentile among comparable filings
- Officer compensation ratio: 22.6%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 5.4% per year; rating input score 100; 40th percentile among comparable filings
- Asset growth: 7.8% per year; rating input score 100; 47th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 12 of 12 board members independent · 6 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $450K in reported program spending
- Leadership: top reported pay $65K · 14 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 4 filed schedules
- Filing history: 15 filing years from 2011 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.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.
- High — Sustainability: Officer compensation ratio scored 13/100.