Fulshear-Katy Area Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 463856572
- IRS 990 coverage
- 2015–2025
- Forms available
- Form 990 2025, Form 990-EZ 2014
- Location
- Fulshear, TX, USA
- Phone
- 8326003221
- Rating
- 39
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Business and Industry
Reported finances
- Revenue
- $388,275
- Expenses
- $417,744
- Assets
- $65,805
- Liabilities
- $100,994
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Don McCoy (President)
Highest reported compensation
- Don McCoy (President): $106,535 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To advance and promote the economic environment for business, and to advocate responsive government and quality education, while preserving the area's unique community characteristics.
What it reported doing in 2025
Bowling Tournament, Salute to business, St. Patricks Day Festival, Freedom Festival, Holiday Festival of Lights, Scarecrow Festival, Top Golf, and state of our region all fundraisers to help foster connections and Make Fulshear/Katy a great place to grow.
Operating model
- Revenue model
- Membership-supported. 67% of the money available for current operations came from membership dues.
- 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
REVIEW - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 24
- Transparency & Controls: 83
- Accountability: 0
- Sustainability: 15
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 24.5%; rating input score 25
- Program expense ratio: 22.8%; rating input score 23
- Fundraising efficiency: $5.32 raised per $1 spent on fundraising; rating input score 22; 22nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 20th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 8th percentile among comparable filings
- Governance controls: 0 of 8 controls in place; rating input score 0
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -7.6%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 0.16; rating input score 10; 10th percentile among comparable filings
- Liabilities to assets ratio: 1.53; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 25.5%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: 31.5% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: 6.8% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: -2.5% per year; rating input score 0; 14th percentile among comparable filings
Details
- Where the money goes: 24.5% of revenue deployed · 22.8% of spending went to programs
- Governance: 0 of 3 board members independent · 0 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $95K in reported program spending
- Leadership: top reported pay $107K · 3 people listed
- Consistency: 22 of 23 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 10 filing years from 2015 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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 25/100.
- High — Accountability: Independent voting board scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 23/100.
- High — Accountability: Governance controls: 7 of 7 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 22/100.
- High — Sustainability: Operating margin scored 22/100.
- High — Sustainability: Total-asset coverage ratio scored 10/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- High — Sustainability: Officer compensation ratio scored 14/100.