Canyon Lake Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 742379802
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023
- Location
- Canyon Lake, TX, USA
- Phone
- 8309642223
- Rating
- 44
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $75,227
- Expenses
- $80,570
- Assets
- $628,167
- Liabilities
- $419,457
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Highest reported compensation
- KIM COLLORA (Executive Dir.): $31,200 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Local business enhancement
What it reported doing in 2024
Provided information about and promotion of local member business' to tourists and other interested parties.
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
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 37
- Transparency & Controls: 88
- Accountability: 0
- Sustainability: 42
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 37.9%; rating input score 38
- Program expense ratio: 35.4%; rating input score 35
- Fundraising efficiency: $5.12 raised per $1 spent on fundraising; rating input score 40; 40th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 24th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
- Governance controls: 0 of 8 controls in place; rating input score 0
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -7.1%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 7.8; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: 0.67; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 38.7%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -5% per year; rating input score 0; 43rd percentile among comparable filings
- Asset growth: 6.5% per year; rating input score 100; 71st percentile among comparable filings
Details
- Where the money goes: 37.9% of revenue deployed · 35.4% of spending went to programs
- Governance: 0 of 324 board members independent · 0 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $31K · 5 people listed
- Consistency: 23 of 24 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes grants
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
- High — Accountability: Independent voting board scored 0/100.
- Moderate — Financial Efficiency: Program expense ratio scored 35/100.
- High — Accountability: Governance controls: 7 of 7 not reported.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 40/100.
- Moderate — Sustainability: Operating margin scored 48/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.
- High — Sustainability: Officer compensation ratio scored 9/100.