Chatham Nj Area Chamber of Commerce a Nj Nonprofit Corporation

Nonprofit profile at a glance

EIN
922006679
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024
Location
Chatham, NJ, USA
Phone
9734526650
Rating
59
Verdict
MIXED
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Reported finances

Revenue
$43,957
Expenses
$52,884
Assets
$12,187

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

Leadership & pay

4 people listed

Executive titles in this filing

  • TERRANCE MCCABE (PRESIDENT)
  • LEONARD RESTO (VICE PRESIDENT)

People named in this filing

  • TERRANCE MCCABE (PRESIDENT)
  • LEONARD RESTO (VICE PRESIDENT)
  • ALLISON SLATER (SECRETARY)

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 purpose of the chamber shall be the promotion and advancement of the economic, commercial, industrial, professional, mercantile, civic, and general welfare in the chathams so that businesses and citizens in the community shall thrive and prosper. The chamber shall be nonpartisan and non sectarian and shall take no part in, nor lend its influence or facilities, either directly or indirectly, to the nomination, election or appointment of any candidate for public office at the municipal, state or federal level. Further no meeting of a political nature shall be held within the premises occupied by or under the control of the chamber

What it reported doing in 2024

Taste of chatham $24,569 revenue raisedtaste of chatham $17279 expenses

Operating model

Revenue model
Donor-supported. 66% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% 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

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: 50
  • Transparency & Controls: 82
  • Sustainability: 17
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 53.3%; rating input score 53
  • Program expense ratio: 44.3%; rating input score 44

Transparency & Controls

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

Sustainability

  • Operating margin: -20.3%; rating input score 23; 23rd percentile among comparable filings
  • Total-asset coverage ratio: 0.23; rating input score 18; 18th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 17%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: -10% per year; rating input score 0; 27th percentile among comparable filings
  • Revenue growth: -33.1% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -53.6% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 53.3% of revenue deployed · 44.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $23K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 2 filing years from 2023 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.

  • Review — Financial Efficiency: Mission deployment rate scored 53/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 44/100.
  • High — Sustainability: Operating margin scored 23/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 18/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.