Bear Lake Valley Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 742460416
- IRS 990-EZ coverage
- 2022–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2021
- Location
- Garden City, UT, USA
- Phone
- 8019714003
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $93,043
- Expenses
- $52,433
- Assets
- $112,197
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Patrick Lloyd (President)
People named in this filing
- Mark Smoot (Executive Officer)
- Patrick Lloyd (President)
- Richard Droesbeck (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Promote local businesses
What it reported doing in 2025
The mission of the Bear Lake Chamber of Commerce is to bring business leaders of the Bear Lake Valley together to build relationships, improve business prosperity, and support the local economy.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 72% for direct work, 11% for grants, and 17% for member benefits.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 100
- Sustainability: 62
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 51%; rating input score 51
- Program expense ratio: 90.5%; rating input score 90
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 43.6%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 2.14; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 2.3%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: -18.2% per year; rating input score 0; 21st percentile among comparable filings
- Revenue growth: 4% per year; rating input score 100; 66th percentile among comparable filings
- Asset growth: 38.8% per year; rating input score 100; 92nd percentile among comparable filings
Details
- Where the money goes: 51% of revenue deployed · 90.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $47K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2022 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Financial Efficiency: Mission deployment rate scored 51/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 12/100.