Chemung County Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 160421730
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Elmira, NY, USA
- Phone
- 6077345137
- Rating confidence
- Limited
Reported finances
- Revenue
- $713,686
- Expenses
- $744,727
- Assets
- $1,050,170
- Liabilities
- $384,663
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
29 people listed
Executive titles in this filing
- JENNIFER HERRICK-MCGONIGAL (PRESIDENT & CEO)
Highest reported compensation
- JENNIFER HERRICK-MCGONIGAL (PRESIDENT & CEO): $99,821 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the chemung county chamber of commerce is to represent the business community in the promotion of the prosperity and the quality of life throughout its service area. The chamber supports the community through its efforts in such diverse areas as small business advocacy, tourism promotion, education, transportation, public and community affairs and economic development.
What it reported doing in 2024
Area tourism, economic development promotion, business development and education
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
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 92
- Accountability: 88
- Sustainability: 33
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 96.6%; rating input score 97; 26th percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -4.3%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 1.41; rating input score 54; 54th percentile among comparable filings
- Liabilities to assets ratio: 0.37; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 13.4%; rating input score 27; 27th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -6.6% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: 2.9% per year; rating input score 100; 29th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 28 of 29 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $100K · 29 people listed
- Consistency: 15 of 15 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 14 filing years from 2011 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Operating margin scored 25/100.
- Review — Sustainability: Total-asset coverage ratio scored 54/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.
- High — Sustainability: Officer compensation ratio scored 27/100.