Flint & Genesee Group
Overview
Mission
To promote the common economic interests of all the commercial enterprises in the Genesee County, Michigan community. The Organization strives to enhance the business climate in the area and advocates for public policy that supports economic growth and vitality. The Chamber provides numerous opportunities for members and non-members alike in order to help employers improve their business practices and the skills of their employees. The Chamber also takes a leadership role in improving and promoting the image of Genesee County to its many constituents around the world. The Chamber also provides numerous opportunities for the members to network and helps facilitate the growth of small businesses in the Genesee County region.
What it reported doing in 2024
Convention Visitors Bureau - Promoting Flint and Genesee County through methods such as Visitor's Guide publications, membership programs that provide a hospitality training, trade publication advertising to promote the area as a conference and trade show destination, along with other advertising to promote tourism.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
Nonprofit profile at a glance
- EIN
- 203904349
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Flint, MI, USA
- Phone
- 8106001404
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $4,456,096
- Expenses
- $4,496,620
- Assets
- $3,159,820
- Liabilities
- $710,136
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 82
- Accountability: 100
- Sustainability: 28
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.5%; rating input score 96
- Program expense ratio: 95.6%; rating input score 96
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- 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; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.9%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 0.7; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 0.22; rating input score 41; 41st percentile among comparable filings
- Officer compensation ratio: 22.8%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 0.1% per year; rating input score 100; 14th percentile among comparable filings
- Revenue growth: 0.1% per year; rating input score 100; 12th percentile among comparable filings
- Asset growth: 8.1% per year; rating input score 100; 50th percentile among comparable filings
Details
- Where the money goes: 96.5% of revenue deployed · 95.6% of spending went to programs
- Governance: 19 of 19 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $4.3M in reported program spending
- Leadership: top reported pay $388K · 23 people listed · 4 of 6 pay-setting controls reported
- Consistency: 30 of 30 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 13 annual filings from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 2 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 30/100.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- High — Sustainability: Officer compensation ratio scored 10/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 41/100.
Leadership & pay
23 people listed
Highest reported compensation
- Timothy Herman (CEO): $387,980 total reported compensation
- Stephanie Fenton (COO Uptown): $245,606 total reported compensation
- Kristina Johnston (COO): $229,422 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024.