Hunterdon County Chamber of Commerce

What it reported doing in 2024

Awards breakfast: the annual awards breakfast is a celebration of business success in hunterdon county. The program recognizes both individuals and organizations for their contributions to the business community. Employer-legislative committee breakfasts: the employer-legislative committee breakfasts, conducted in partnership with the njbia, nj state chamber, opportunity nj, and the us chamber, host legislators for a dialogue with local business owners. Participants are allowed to ask individual and business-specific questions and establish contact with policy and law makers. Card clubs: card clubs are held around 9 times each year and are a networking opportunity for our business community to gather and do business development. They are sponsored and hosted by various businesses throughout hunterdon county. Health hunterdon workforce initiative: the initiative is a friendly competition to encourage a culture of health in the business community. A healthy employee leads to higher morale, lower absenteeism, higher productivity, and an improved bottom line. By creating some friendly competition between businesses, it helps lead to healthier employees across the board. Leadership hunterdon: leadership hunterdon, a program initiated in 2012 by the hunterdon county chamber of commerce, was created to transform people to become trustees of our communities, to become leadership resources, and work for the betterment of hunterdon county. One of the goals for participants in leadership hunterdon is to develop strong leadership qualities within their respective organizations. Individuals are able to enhance their decision making and strategic thinking, and acquire in-depth exposure to hunterdon county business leaders, community leaders, non-profit leaders and political leadership. The class is made up of individuals from local businesses and non-profit organizations that have a passion to learn about hunterdon county as well as themselves. For 9 months, the class becomes immersed in a "behind the scenes" overview of hunterdon county that explores the many facets that shape the current make-up of the county. Women's business forum and summit: statistically, women face unique challenges in the business community. The women's business forum seeks to support female entrepreneurs to ensure success in their respective industries. The committee seeks to identify and target key issues facing women in the business world today. An annual leadership summit is held, bringing together prominent figures for productive dialogue and educational talks. Opportunistic programing: these are various events and workshops that vary from year to year on the chamber calendar. They provide opportunities for professional development and business education for our membership. Hunterdon holiday parade: having its origin at the turn of the last century, the hunterdon holiday parade is a holiday filled celebration throughout downtown flemington. The hunterdon county chamber of commerce is proud to continue its long and vibrant history. Every year bands, fire trucks, and marchers alike all take to the streets for a parade filled with holiday cheer. Hunterdon county community day: with the presence of many of the county's twenty-six municipalities, non- profits, military group demonstrators, and various contests all comprise the activity at the hunterdon county community day. Local businesses also attend and showcase their wares and services. The festivities are joined by exciting events for families such as a reptile show and petting zoo. Chamber radio: hunterdon chamber radio the hunterdon county chamber of commerce launched hunterdon chamber radio in 2012 and is the only chamber in the world with a 24-hour internet radio station. Each radio show is also broadcast live on facebook live. A dedicated group of chamber members host hour-long segments on a wide variety of topics from 8 am to 6 pm, monday through friday, at the lead of chris bianco, general manager of hun

Financial Efficiency

• Mission deployment rate: 60.2%; rating input score 60
• Program expense ratio: 60.7%; rating input score 61
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd 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: 94.4%; rating input score 94; 25th percentile among comparable filings
• Governance controls: 3 of 8 controls in place; rating input score 38
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Pass
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 0.8%; rating input score 38; 38th percentile among comparable filings
• Total-asset coverage ratio: 0.01; rating input score 1; 1st percentile among comparable filings
• Liabilities to assets ratio: 6.48; rating input score 1; 1st percentile among comparable filings
• Officer compensation ratio: 26.2%; rating input score 9; 9th percentile among comparable filings

Growth

• Program expense growth: 1.5% per year; rating input score 100; 24th percentile among comparable filings
• Revenue growth: -0.1% per year; rating input score 0; 14th percentile among comparable filings
• Asset growth: -10.6% per year; rating input score 0; 3rd percentile among comparable filings