Canadian-hemphill Co Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 751685699
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990 2015, Form 990-EZ 2024
- Location
- Canadian, TX, USA
- Phone
- 8063236234
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $67,006
- Expenses
- $97,710
- Assets
- $79,896
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- RICHARD LOCH (PRESIDENT)
People named in this filing
- LINDA VIGIL (BOARD MEMBER)
- WELDON ALLISON (BAORD MEMBER)
- TOMMY WYATT (BOARD MEMBER)
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
The canadian-hemphill county chamber of commerce's primary mission is to promote business and community growth and development through various programs.
What it reported doing in 2024
The chamber promotes chamber businesses and community through a variety of special projects (canadian cash, christmas in canadian, etc.) and dthrough vaarious marketing campaigns
Operating model
- Revenue model
- Donor-supported. 82% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 73% of its reported program spending out as grants.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 45
- Transparency & Controls: 82
- Sustainability: 25
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 51.2%; rating input score 51
- Program expense ratio: 35.1%; rating input score 35
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -45.8%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 0.82; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -5% per year; rating input score 0; 35th percentile among comparable filings
- Revenue growth: -6.8% per year; rating input score 0; 30th percentile among comparable filings
- Asset growth: -2.1% per year; rating input score 0; 31st percentile among comparable filings
Details
- Where the money goes: 51.2% of revenue deployed · 35.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $34K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 1 filed schedules
- Filing history: 12 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 3 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 — Financial Efficiency: Mission deployment rate scored 51/100.
- Moderate — Financial Efficiency: Program expense ratio scored 35/100.
- High — Sustainability: Operating margin scored 14/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.