Ferndale Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 380536233
- IRS 990-EZ coverage
- 2010–2017
- Forms available
- Form 990-EZ 2017
- Location
- Ferndale, MI, USA
- Phone
- 2485422160
- Rating confidence
- Limited
Reported finances
- Revenue
- $100,231
- Expenses
- $112,603
- Assets
- $4,423
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
18 people listed
People named in this filing
- JEROME RASKA (CHAIR)
- LISA SCHMIDT (VICE CHAIR)
- BLAKE PREWITT (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 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The ferndale area chamber of commerce champions the growth of business and community through leadership and collaboration.
What it reported doing in 2017
The ferndale area chamber of commerce hosts networking opportunities, educational venues and special events to give businesses the opportunity to to collaborate with each other, improve the business climate in the ferndale area and provide it's members the tools to increase visability, stay connected to the local community and improve business practices.
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: 82
- Sustainability: 7
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- 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: -12.3%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 0.04; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 49.1%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 3.4% per year; rating input score 100; 44th percentile among comparable filings
- Asset growth: -5.8% per year; rating input score 0; 18th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 18 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 2 filed schedules
- Filing history: 8 filing years from 2010 to 2017
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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 — Sustainability: Operating margin scored 11/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- High — Sustainability: Officer compensation ratio scored 4/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.