Marco Island Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 591783165
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Marco Island, FL, USA
- Phone
- 2393947549
- Rating
- 51
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $260,188
- Expenses
- $237,990
- Assets
- $345,388
- Liabilities
- $29,890
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- Tiffany Homuth (Past President)
- William Morris (President elect)
- Colleen Long (President)
People named in this filing
- Erick Condee (Treasurer)
- Alex Parker (Chairman)
- Dr Richard Siegel (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 Marco Island Area Chamber of Commerce is a membership directory that promotes area businesses and attracts new business to the local market by providing networking opportunities and educational/informational programs. In addition to serving their business membership, the Chamber is actively involved in the community through support and outreach for community events, scholarship programs and promoting Marco Island as a destination for both visitors and those looking to relocate.
What it reported doing in 2024
The Marco Island Area Chamber of Commerce is a membership directory to promote area business and attract new business to the local market by providing networking opportunities, business promotion and educational/informational programs.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
MIXED - 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: 16
- Transparency & Controls: 82
- Accountability: 70
- Sustainability: 53
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 17%; rating input score 17
- Program expense ratio: 18.6%; rating input score 19
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 13th 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: 2 of 7 controls in place; rating input score 29
- 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: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 8.5%; rating input score 57; 57th percentile among comparable filings
- Total-asset coverage ratio: 1.45; rating input score 51; 51st percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 27; 27th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 0.8% per year; rating input score 100; 34th percentile among comparable filings
- Revenue growth: -1% per year; rating input score 0; 20th percentile among comparable filings
- Asset growth: 7.2% per year; rating input score 100; 56th percentile among comparable filings
Details
- Where the money goes: 17% of revenue deployed · 18.6% of spending went to programs
- Governance: 19 of 19 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $57K in reported program spending
- Leadership: top reported pay $0 · 21 people listed
- Consistency: 20 of 21 current checks pass · 1 finding to review
- Schedules: 2 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 — Financial Efficiency: Mission deployment rate scored 17/100.
- High — Financial Efficiency: Program expense ratio scored 19/100.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Review — Sustainability: Operating margin scored 57/100.
- Review — Sustainability: Total-asset coverage ratio scored 51/100.
- High — Sustainability: Liabilities to assets ratio scored 27/100.