Germantown Area Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 581678629
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Germantown, TN, USA
- Phone
- 9017551200
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $627,864
- Expenses
- $639,076
- Assets
- $372,608
- Liabilities
- $77,503
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Highest reported compensation
- JANIE DAY (EXECUTIVE DI): $90,233 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The germantown chamber of commerce promotes economic, social and community welfare of the city of germantown, tn, its residents, and its businesses. The chamber provides an opportunity for chamber members to participate in these goals through its monthly meetings and various subcommittees. The chamber meetings provide a forum for its members to meet other business owners and managers. Annually, the chamber sponsors a community christmas parade, a booth at the city of germantown festival and a business expo. Sponsors for the parade are solicited to generate funds, which are used to purchase musical instruments for school bands that participate in the parade. The chamber makes no profit on the parade. At the expo various vendors are able to rent booth space to demonstrate their products and services to other businesses and residents of germantown. Traditionally, the chamber has distributed to new residents free of charge, a newcomer's package in which information about the city, maps, br
What it reported doing in 2024
Program services
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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 92
- Accountability: 74
- Sustainability: 29
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.8%; rating input score 84
- Program expense ratio: 82.3%; rating input score 82
- Fundraising efficiency: $9.44 raised per $1 spent on fundraising; rating input score 36; 36th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -1.8%; rating input score 31; 31st percentile among comparable filings
- Total-asset coverage ratio: 0.58; rating input score 27; 27th percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 14.1%; rating input score 25; 25th percentile among comparable filings
Growth
- Program expense growth: 11.5% per year; rating input score 100; 67th percentile among comparable filings
- Revenue growth: 4.8% per year; rating input score 100; 42nd percentile among comparable filings
- Asset growth: -1.7% per year; rating input score 0; 13th percentile among comparable filings
Details
- Where the money goes: 83.8% of revenue deployed · 82.3% of spending went to programs
- Governance: 15 of 15 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $526K in reported program spending
- Leadership: top reported pay $90K · 4 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 14 filing years from 2010 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.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 36/100.
- Moderate — Sustainability: Operating margin scored 31/100.
- High — Sustainability: Total-asset coverage ratio scored 27/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 25/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.