Maggie Valley Area Chamber of Comme
Nonprofit profile at a glance
- EIN
- 560755929
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024
- Location
- Maggie Valley, NC, USA
- Phone
- 8289261686
- Rating
- 53
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $161,555
- Expenses
- $158,991
- Assets
- $161,540
- Liabilities
- $24,287
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- TERRESA SMITH (EXECUTIVE DIRECTOR)
- PATTY CARTER (PRESIDENT)
- RANDY FISHER (VICE PRESIDENT)
People named in this filing
- TERRESA SMITH (EXECUTIVE DIRECTOR)
- PATTY CARTER (PRESIDENT)
- BRAD PENDLEY (TREASURER)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Promote commerce in town & county
What it reported doing in 2024
Arts & crafts festival
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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 program spending has grown recently. 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: 25
- Transparency & Controls: 82
- Sustainability: 46
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 25.4%; rating input score 25
- Program expense ratio: 25.8%; rating input score 26
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 1.6%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 1.02; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 4.4% per year; rating input score 100; 45th percentile among comparable filings
- Revenue growth: 4.6% per year; rating input score 100; 45th percentile among comparable filings
- Asset growth: 11.5% per year; rating input score 100; 65th percentile among comparable filings
Details
- Where the money goes: 25.4% of revenue deployed · 25.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $41K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 1 filed schedules
- Filing history: 5 filing years from 2020 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 — Financial Efficiency: Mission deployment rate scored 25/100.
- High — Financial Efficiency: Program expense ratio scored 26/100.
- Moderate — Sustainability: Operating margin scored 39/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.