Greater Phoenix Chamber of Commerce

What it reported doing in 2024

Representing 2,400 businesses across the greater phoenix region, the chamber is the largest and most influential business network in the state of Arizona. The chamber catalyzes regional prosperity with forward-thinking public policy, intentional economic growth, and diverse, prepared talent. Our members are committed to building a vibrant business community and benefit from the countless connections and opportunities being a chamber member provides. In fiscal year 2025, an estimated 770,000 employees of member companies were served by the chamber. Additionally, the chamber is the leading voice of business at the state capitol and city hall. Member driven priorities guide our advocacy efforts, ensuring that the best interests of our member companies are always at the forefront. There were 300 engaged employers within 35+ public affairs and issue committee meetings working with the chamber's public policy team advocating for Arizona businesses. With guidance from members, the chamber supported 24 bills that were signed into law and opposed 33 bills that were defeated. This year's legislative successes include big wins for numerous issues including continuing public safety investments within maricopa county, ensuring economic drivers such as chase field in downtown phoenix are maintained, stopping business mandates, and strengthening our higher education workforce partners. The chamber also connects member employees with other professionals, elected officials, critical information, and opportunities. The chamber continuously works to build connections and expand networks, so that businesses in Arizona may continue to strive.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 90%; rating input score 90; 4th percentile among comparable filings
• Pay-setting controls: 6 of 6 controls in place; rating input score 100
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -0.1%; rating input score 32; 32nd percentile among comparable filings
• Total-asset coverage ratio: 1.06; rating input score 39; 39th percentile among comparable filings
• Liabilities to assets ratio: 0.64; rating input score 15; 15th percentile among comparable filings
• Officer compensation ratio: 25.7%; rating input score 8; 8th percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 0.9% per year; rating input score 100; 15th percentile among comparable filings
• Asset growth: 4.6% per year; rating input score 100; 32nd percentile among comparable filings