Chamber of Commerce Inc
Nonprofit profile at a glance
- EIN
- 440193475
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- Carthage, MO, USA
- Phone
- 4173582373
- Rating
- 38
- Verdict
- REVIEW
- Rating confidence
- Moderate
Reported finances
- Revenue
- $401,948
- Expenses
- $303,114
- Assets
- $821,140
- Liabilities
- $26,093
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- Julie Reams (President)
- Shelby Baugh Bruner (Vice President)
Highest reported compensation
- Julie Reams (President): $77,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To improve the overall business climate for our members and community through sponsorship of programs which promote civic and economic development, stimulate growth and support relevant political action.
What it reported doing in 2024
Maple Leaf Festival
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
REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. 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: 20
- Transparency & Controls: 81
- Accountability: 0
- Sustainability: 62
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 20.4%; rating input score 20
- Program expense ratio: 27.1%; rating input score 27
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 9th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 7th 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: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 24.6%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 2.71; rating input score 66; 66th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 25.6%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: -11.2% per year; rating input score 0; 10th percentile among comparable filings
- Revenue growth: 1.3% per year; rating input score 100; 31st percentile among comparable filings
- Asset growth: 10.4% per year; rating input score 100; 67th percentile among comparable filings
Details
- Where the money goes: 20.4% of revenue deployed · 27.1% of spending went to programs
- Governance: 0 of 14 board members independent · 0 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $82K in reported program spending
- Leadership: top reported pay $78K · 14 people listed
- Consistency: 20 of 21 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 10 filing years from 2015 to 2024
- 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.
- High — Financial Efficiency: Mission deployment rate scored 20/100.
- High — Accountability: Independent voting board scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 27/100.
- High — Accountability: Governance controls: 7 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 14/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.