Hartselle Area Chambr of Comm Foundation
Nonprofit profile at a glance
- EIN
- 920786012
- IRS 990-EZ coverage
- 2022–2023
- Forms available
- Form 990-EZ 2023
- Location
- Hartselle, AL, USA
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- History Museums
Reported finances
- Revenue
- $117,418
- Expenses
- $17,509
- Assets
- $196,524
- Liabilities
- $91,514
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
6 people listed
People named in this filing
- Mark Villarino (Treasurer)
- Jasmine Sanderfer (Secretary)
- Daxton Maze (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-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
HACCF was organized to support charitable programs that advance education and historic preservation and economic development.
What it reported doing in 2023
Sufficient funds were raised to purchase and maintain a historic building. The total cost of the building was $116,524 for which a $24,524 downpayment was made and a $92,000 mortgage loan was secured. After the purchase interest expense, property taxes, insurance and utilities in the amount of $11,424 were spent. In the long term the intention of the Foundation is to rehabilitate the historic building and use it to conduct charitable activities.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 31
- Transparency & Controls: 82
- Sustainability: 84
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 9.7%; rating input score 10
- Program expense ratio: 65.2%; rating input score 65
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 85.1%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 11.22; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: 0.47; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 191.3% per year; rating input score 100; 100th percentile among comparable filings
- Asset growth: 194.8% per year; rating input score 100; 100th percentile among comparable filings
Details
- Where the money goes: 9.7% of revenue deployed · 65.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $11K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2022 to 2023
- 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 10/100.
- High — Sustainability: Liabilities to assets ratio scored 11/100.