Hermann Area Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 431298886
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Hermann, MO, USA
- Phone
- 5734863212
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $258,896
- Expenses
- $300,587
- Assets
- $261,735
- Liabilities
- $43,486
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- COLLEEN MURPHY (PRESIDENT)
People named in this filing
- CURT BRUCKERHOFF (DIRECTOR)
- KAREN HELD (DIRECTOR)
- BILL HELLEBUSCH (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
The organization is a chamber of commerce, serving hermann, Missouri and the surrounding trade area. The principal goals are to foster and stimulate commerce, trade, business, finance, and professional interest in the service area and to promote the commercial, industrial, and economic well-being of the community. The chamber serves as a clearinghouse for information about the community, by both responding to inquiries and conducting advertising promotions relative to local business activities, tourist-oriented events, industrial site availabilities, and community betterment projects.
What it reported doing in 2024
The chamber, in cooperation with the city government and the hermann regional economic development corporation, recently embarked on a new 5 year strategic plan to identify those amentities and infrastructure needed in the greater hermann area. Monthly meetings of the chamber membership provide a forum for business people and residents to interact, express their concerns, and develop their common interests. The general nature of the chamber's activities is probably typical of local chambers of commerce across the country. Much of the responsibility for carrying out the organization's purposes is delegated to its standing committees, which include the following: retail, industrial and strategic plan committees which work with hermann regional economic development corp and city of hermann to promote growth of industrial and manufacturing business and increase employment opportunities within the area; tourism committee, composed of members directly involved in tourism business in the area, with responsibility of advocating and prompting businesses supporting the tourism industry. Membership committee, which solicits new members and greater participation by existing members, and provides new businesses within the area with information about chamber activities and purposes; marketing/social media/website committee which supports communication to both local business and visitors. Ethics committee which assures that all actions and behaviors by chamber board and staff are of the highest of standards. Finance and budget committee works each year to address matters of an annual budget and financial responsibility to the membership.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 83
- Accountability: 64
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 19th 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: -16.1%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 0.87; rating input score 37; 37th percentile among comparable filings
- Liabilities to assets ratio: 0.17; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 8% per year; rating input score 100; 64th percentile among comparable filings
- Revenue growth: 8.1% per year; rating input score 100; 66th percentile among comparable filings
- Asset growth: 5.2% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 205 of 14 board members independent · 1 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $301K in reported program spending
- Leadership: top reported pay $0 · 15 people listed
- Consistency: 22 of 23 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 14 filing years from 2010 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 — Accountability: Governance controls: 5 of 6 not reported.
- High — Sustainability: Operating margin scored 17/100.
- Moderate — Transparency & Controls: Independent members within voting members did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.