Independence Area Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 420327385
- IRS 990-EZ coverage
- 2013–2016
- Forms available
- Form 990-EZ 2016
- Location
- Independence, IA, USA
- Phone
- 3193347178
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $76,184
- Expenses
- $61,792
- Assets
- $113,455
- Liabilities
- $36,197
Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- TYLER RASMUSSEN (President)
- ANDY HAUBER (Vice President)
People named in this filing
- JORDAN WULFEKUHLE (Director)
- TYLER RASMUSSEN (President)
- STEPHANIE CHRISTIAN (Secretary)
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 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Economic and community betterment
What it reported doing in 2016
240 members served - monthly newsletter and various community promotions. Networking, referals, and website visabiity. Promotion of the independence area business community and development.
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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 82
- Sustainability: 62
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.1%; rating input score 81
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 18.9%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 1.84; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0.32; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -11.3% per year; rating input score 0; 28th percentile among comparable filings
- Revenue growth: -5% per year; rating input score 0; 38th percentile among comparable filings
- Asset growth: 0.3% per year; rating input score 100; 44th percentile among comparable filings
Details
- Where the money goes: 81.1% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $62K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2013 to 2016
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.