Bellmead Chamber of Commerce

Nonprofit profile at a glance

EIN: 742445707
IRS 990-EZ coverage: 2009–2024
Forms available: Form 990-EZ 2024
Location: Waco, TX, USA
Phone: 2547991552
Rating: 72
Verdict: SUPPORTED
Rating confidence: Moderate

Official website

Reported finances

Revenue: $38,583
Expenses: $40,036
Assets: $28,075
Liabilities: $0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

STEVEN VALADEZ (PRESIDENT)
DUANE IDE (VICE PRESIDENT)

People named in this filing

STEVEN VALADEZ (PRESIDENT)
DUANE IDE (VICE PRESIDENT)
LINDA GUNN (TREASURER)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide leadership for the promotion and advancement of economic vitality and quality of life for the region.

What it reported doing in 2024

Provide scholarships to deserving area youth. During the fiscal year ended 9/30/2025, the organization awarded five $1,000 scholarships. Of those scholarships awarded, three were paid out during the current fiscal year and two scholarships were paid out that were awarded in prior years.

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 82% 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. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

Financial Efficiency: 73
Transparency & Controls: 82
Sustainability: 43
Growth: 20

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 73.5%; rating input score 74
Program expense ratio: 70.8%; rating input score 71

Transparency & Controls

Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: -3.8%; rating input score 38; 38th percentile among comparable filings
Total-asset coverage ratio: 0.7; rating input score 37; 37th percentile among comparable filings
Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: -2.7% per year; rating input score 0; 41st percentile among comparable filings
Revenue growth: -1.5% per year; rating input score 0; 45th percentile among comparable filings
Asset growth: 2.7% per year; rating input score 100; 49th percentile among comparable filings

Details

Where the money goes: 73.5% of revenue deployed · 70.8% of spending went to programs
Governance: Filed governance answers
Accomplishments: 3 filed program accomplishments · $28K in reported program spending
Leadership: top reported pay $0 · 12 people listed
Consistency: 9 of 9 current checks pass
Schedules: 3 filed schedules
Filing history: 16 filing years from 2009 to 2024
Contacts: How to reach this organization
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 — Growth: Program expense growth scored 0/100.
High — Growth: Revenue growth scored 0/100.
Moderate — Sustainability: Operating margin scored 38/100.
Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
Review — Sustainability: Officer compensation ratio scored 56/100.