Granby Chamber of Commerce

Nonprofit profile at a glance

EIN
222820306
IRS 990-EZ coverage
2014–2019
Forms available
Form 990-EZ 2019
Location
Granby, CT, USA
Phone
8606535085
Rating
37
Verdict
REVIEW
Rating confidence
Moderate

Reported finances

Revenue
$35,187
Expenses
$39,095
Assets
$30,164

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • JOHN LAUDATI (PRESIDENT)

People named in this filing

  • JOHN LAUDATI (PRESIDENT)
  • JAMIE RICE (VICE PRESIDE)
  • KEVIN RIGGOTT (VICE PRESIDE)

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 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To foster the growth of town businesses and organizations and maintain relations with the local community.

What it reported doing in 2019

Scholarships based on scholastic achievements, future goals, community service, and extracurricular activities.

Operating model

Revenue model
Other-operating. 62% of the money available for current operations came from other operating revenue.
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. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 4
  • Transparency & Controls: 82
  • Sustainability: 31
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 5.7%; rating input score 6
  • 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: -11.1%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 0.77; rating input score 38; 38th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -0.4% per year; rating input score 0; 55th percentile among comparable filings
  • Asset growth: 2.2% per year; rating input score 100; 49th percentile among comparable filings

Details

  • Where the money goes: 5.7% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2014 to 2019
  • Contacts: How to reach this organization
  • 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 6/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 29/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.