Kenedy Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 740723350
- IRS 990 coverage
- 2013–2020
- Forms available
- Form 990 2020, Form 990-N 2008
- Location
- Kenedy, TX, USA
- Phone
- 8305833223
- Rating
- 39
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $151,593
- Expenses
- $147,975
- Assets
- $2,575,739
- Liabilities
- $2,721
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- DEE HALLMARK (Vice President)
- TODD ESPINOZA (President)
People named in this filing
- JUSTIN MEYER (Treasurer)
- DEE HALLMARK (Vice President)
- TODD ESPINOZA (President)
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 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote economic and business development for kenedy and the surrounding region, and to act as a liaison for tourism and infromation flow.
What it reported doing in 2020
To promote economic and business development for kenedy and the surrounding region, and to act as a liaison for tourism and information flow.
Operating model
- Revenue model
- Other-operating. 61% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
REVIEW - 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: 12
- Transparency & Controls: 61
- Accountability: 64
- Sustainability: 62
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 14%; rating input score 14
- Program expense ratio: 14.4%; rating input score 14
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 76.9%; rating input score 77; 0th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 40.6%; rating input score 41; 38th percentile among comparable filings
- 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: 2.4%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 17.41; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 72; 72nd percentile among comparable filings
Growth
- Program expense growth: -4.2% per year; rating input score 0; 30th percentile among comparable filings
- Revenue growth: -24.9% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: -0.3% per year; rating input score 0; 27th percentile among comparable filings
Details
- Where the money goes: 14% of revenue deployed · 14.4% of spending went to programs
- Governance: 9 of 4 board members independent · 1 of 7 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 21 of 24 current checks pass · 3 findings to review
- Schedules: 4 filed schedules · includes grants
- Filing history: 8 filing years from 2013 to 2020
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 14/100.
- High — Financial Efficiency: Program expense ratio scored 14/100.
- High — Accountability: Governance controls: 5 of 6 not reported.
- Moderate — Transparency & Controls: Grant itemization coverage scored 41/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 39/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Independent members within voting members did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.