Greater Seattle Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 910402330
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Seattle, WA, USA
- Phone
- 2063897214
- Rating confidence
- Limited
Reported finances
- Revenue
- $12,266,760
- Expenses
- $12,668,295
- Assets
- $28,868,128
- Liabilities
- $14,353,855
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
91 people listed
Executive titles in this filing
- RACHEL SMITH (PRESIDENT & CEO)
- LISA CHICK (AFE PRESIDENT)
- BINDIYA V PATEL (EXECUTIVE DIRECTOR)
Highest reported compensation
- RACHEL SMITH (PRESIDENT & CEO): $437,831 total reported compensation
- LISA CHICK (AFE PRESIDENT): $283,344 total reported compensation
- STEPHANIE FORMAS (CHALLENGE SEATTLE VP): $276,809 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 chamber is an organization which advocates for employers and that helps our members thrive in an equitable and inclusive regional economy.
What it reported doing in 2024
Washington council on international trade ("wcit") works to promote strong, open, and sustainable international trade policies that advance economic opportunities for Washington state. Wcit advocates for pro-trade policies at the federal level by focusing on traderelated issues. Wcit is also an information resource on international trade issues for elected representatives, business leaders, the media, educators, and community groups in Washington state. Wcit became a special program of the chamber on june 1, 2011, when the net assets ofthis previously inactive independent entity were transferred to the chamber.
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.
- Includes noncash contributions: Reported contributions include donated property or goods.
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: 71
- Accountability: 95
- Sustainability: 33
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 3rd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 62.2%; rating input score 62; 13th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 98.8%; rating input score 99; 31st percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -3.3%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 2.28; rating input score 66; 66th percentile among comparable filings
- Liabilities to assets ratio: 0.5; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 14.2%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 5.6% per year; rating input score 100; 48th percentile among comparable filings
- Asset growth: 5.8% per year; rating input score 100; 41st percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 84 of 85 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments
- Leadership: top reported pay $438K · 91 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.4M reported
- Consistency: 12 of 13 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 4 filed related-organization links
- 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 — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Sustainability: Operating margin scored 20/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 9/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.