East Haven Chamber of Commerce Inc
Nonprofit profile at a glance
- EIN
- 061067064
- IRS 990-EZ coverage
- 2013–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2020
- Location
- East Haven, CT, USA
- Phone
- 2034674305
- Rating
- 38
- Verdict
- REVIEW
- Rating confidence
- Moderate
Reported finances
- Revenue
- $66,306
- Expenses
- $73,093
- Assets
- $84,698
- Liabilities
- $691
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- Jennifer Higham (President)
People named in this filing
- Jennifer Higham (President)
- Samatha Parlato (Chairman)
- Donnie Moffett (Vice Chairman)
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 East Haven Chamber of Commerce was formed to encourage and foster the promotion, advancement and integrity of the businesses located in the town of East Haven, CT. They also strive to improve the overall quality of life for both businesses and individuals residing in the city.
What it reported doing in 2024
Annual dinner and related events to recognize businesses and individuals who have committed time, energy and resources to improving life in East Haven.
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
REVIEW - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 2
- Transparency & Controls: 82
- Sustainability: 33
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 4.4%; rating input score 4
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -10.2%; rating input score 31; 31st percentile among comparable filings
- Total-asset coverage ratio: 1.16; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 58.1%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 6.3% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 17.8% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 4.4% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 9 filing years from 2013 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 4/100.
- Moderate — Sustainability: Operating margin scored 31/100.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.