Desoto Area Chamber
Nonprofit profile at a glance
- EIN
- 751325568
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990 2022, Form 990-EZ 2024
- Location
- Desoto, TX, USA
- Phone
- 9722243565
- Rating
- 41
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $92,627
- Expenses
- $94,421
- Assets
- $50,745
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- CORTNEY BEAUREGARD (President)
People named in this filing
- KAREN BISHOP (Ex Chair of the Board)
- EUGENE WALKER (Chairman of the Board)
- CHARLES WILLIAMS (Treasurer)
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
To foster an environment conducive to economic growth
What it reported doing in 2024
Annual Gala
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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: 25
- Transparency & Controls: 61
- Sustainability: 43
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 25.1%; rating input score 25
- Program expense ratio: 24.6%; rating input score 25
Transparency & Controls
- Consistency checks: 75%; rating input score 75; 2nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -1.9%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 0.54; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 21.7% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: -7.4% per year; rating input score 0; 29th percentile among comparable filings
- Asset growth: -1% per year; rating input score 0; 35th percentile among comparable filings
Details
- Where the money goes: 25.1% of revenue deployed · 24.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $23K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 6 of 7 current checks pass · 1 finding to review
- Schedules: 1 filed schedules
- Filing history: 3 filing years from 2020 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 25/100.
- High — Financial Efficiency: Program expense ratio scored 25/100.
- Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 41/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.