Greater Southshore Chamber of Commerce

Nonprofit profile at a glance

EIN
591482943
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
Ruskin, FL, USA
Phone
8134654829
Rating
44
Verdict
MIXED
Rating confidence
Standard

Official website

Reported finances

Revenue
$483,355
Expenses
$593,243
Assets
$545,414
Liabilities
$148,152

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

1 person listed

Executive titles in this filing

  • MELANIE DAVIS (EXECUTIVE DIRECTOR)

People named in this filing

  • MELANIE DAVIS (EXECUTIVE DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To maintain an office open to the public where they can find literature and information regarding the southshore area and its businesses and to promote and support the business members by offering networking opportunities and events that showcase the business.

What it reported doing in 2024

The annual banquet is held every year to showcase local businesses and nonprofits in the southshore area. The best fest is held in march and hosts live music events as well as local businesses and vendors. The ruskin seafood festival is held in november and attracts many seafood lovers as well as vendors and local fisher businesses. Total of all events mentioned in program service achievements and revenue. The seafood festival is a showcase of local fan favorite foods and vendors. This year there was a car show on both days that allowed local car vendors and enthusiasts a chance to get some good food, hear good music and see some pretty cool cars. There is also a kids area, arts and crafts and other interactive festivities. The chamber of commerce hosts a monthly luncheon that highlights different events and categories. For example one luncheon highlight military members and another highlights a local coffee brewing company. Greater ruskin chamber hosts a pigs in the parking lot event which is basically, a block party for the south county residents. There are food vendors, live music events, kids activities and other local business vendors. The highlight of this event is the barbecue other events such as a showcase expo in both the fall and spring seasons bring about local community events as well as other meetings, seminars and workshops.

Operating model

Revenue model
Donor-supported. 79% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 48% for direct work, 50% for grants, and 3% for member benefits.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 4
  • Transparency & Controls: 85
  • Accountability: 64
  • Sustainability: 27
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 3.3%; rating input score 3
  • Program expense ratio: 2.7%; rating input score 3
  • Fundraising efficiency: $2.2 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 84.6%; rating input score 85; 2nd 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: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -22.7%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 0.92; rating input score 38; 38th percentile among comparable filings
  • Liabilities to assets ratio: 0.27; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -23.2% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: 1.5% per year; rating input score 100; 32nd percentile among comparable filings
  • Asset growth: 32.6% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 3.3% of revenue deployed · 2.7% of spending went to programs
  • Governance: 12 of 12 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $16K in reported program spending
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 27 of 29 current checks pass · 2 findings to review
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • 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 3/100.
  • High — Financial Efficiency: Program expense ratio scored 3/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 10/100.
  • High — Sustainability: Operating margin scored 13/100.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Schedule G fundraiser detail did not reconcile in the filed values.
  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.