City of Madison Chamber of Commerce

Nonprofit profile at a glance

EIN
640746166
IRS 990-EZ coverage
2021–2021
Forms available
Form 990 2020, Form 990-EZ 2021
Location
Madison, MS, USA
Phone
6015024830
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Official website

Reported finances

Revenue
$104,968
Expenses
$484,057
Assets
$0
Liabilities
$2,424

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • LANDON THOMPSON (PRESIDENT)

People named in this filing

  • LANDON THOMPSON (PRESIDENT)
  • ASHLEY BACH (BOARD MEMBER)
  • NICOLET BELL (VICE PRESIDE)

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 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See schedule o.

What it reported doing in 2021

Junior ambassador program - the junior ambassador program seeks to reach out to those youth who are the next generation of leaders for the city of madison. The program prepares the students for constructive and responsible participation in community affairs as well as furthering the mission of madison the city chamber of commerce, which is to support, promote and attract business for the advancement of the community. Throughout the year long program, students explore our community - its resources, leadership needs, issues, and opportunities. They share ideas and learn what it takes to work together and to become decision-makers. They examine how to develop the abilities and skills needed to be responsible participants in communinity affairs. This program is designed to motivate students to think seriously about the role they'd like to play and the difference they can make in the community. A key component in the program is leadership training - alllowing the students to practice their own unique styles of leadership in a group environment.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 82
  • Sustainability: 8
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -361.1%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -3% per year; rating input score 0; 17th percentile among comparable filings
  • Asset growth: 3.3% per year; rating input score 100; 35th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • 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 — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.