Maui Chamber of Commerce

Nonprofit profile at a glance

EIN
990047745
IRS 990 coverage
2010–2022
Forms available
Form 990 2022, Form 990-EZ 2009
Location
Wailuku, HI, USA
Phone
8088717711
Rating
88
Verdict
STRONG
Rating confidence
Standard

Official website

Reported finances

Revenue
$616,109
Expenses
$714,174
Assets
$277,784
Liabilities
$154,824

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • PAMELA TUMPAP (PRESIDENT/SE)

Highest reported compensation

  • PAMELA TUMPAP (PRESIDENT/SE): $103,825 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See schedule o

What it reported doing in 2022

Business support the maui chamber of commerce is a business membership organization comprised of businesses from all sectors, all sizes, and all areas of the island. The organization offers a variety of programs to benefit its business members (over 90% of which are small businesses with twenty-five or fewer employees). Business support programs are aimed at helping our members plan for a sustainable future, build relationships, market and promote their business, maximize opportunities and grow and prosper. Programs include: advocacy and public education of issues important to businesses, such as creating a "business friendly" environment, addressing appropriate regulation, and creating winning solutions that embrace the triple bottom-line view of sustainability (economy, environment and social well-being); various small business awards programs to honor and recognize outstanding businesses; luncheon meetings that provide access to key leaders (such as the governor & mayor) and provide education on important economic topics; monthly business after hours networking events to establish and build relationships; cost-effective advertising and promotional opportunities; constant communication through the organization's website and weekly enews updates to keep businesses abreast of important business, community and state issues; and the development of other programs that benefit local businesses.

Operating model

Revenue model
Other-operating. 67% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 94% 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. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 100
  • Accountability: 84
  • Sustainability: 15
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.7%; rating input score 98
  • Program expense ratio: 84.3%; rating input score 84
  • Fundraising efficiency: $14.17 raised per $1 spent on fundraising; rating input score 48; 48th percentile among comparable filings

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: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • 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: -15.9%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 0.39; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 0.56; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 14.5%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: 7.4% per year; rating input score 100; 58th percentile among comparable filings
  • Revenue growth: 5% per year; rating input score 100; 48th percentile among comparable filings
  • Asset growth: 14.2% per year; rating input score 100; 69th percentile among comparable filings

Details

  • Where the money goes: 97.7% of revenue deployed · 84.3% of spending went to programs
  • Governance: 14 of 14 board members independent · 5 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $602K in reported program spending
  • Leadership: top reported pay $104K · 18 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 13 filing years from 2010 to 2022
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 48/100.
  • High — Sustainability: Operating margin scored 13/100.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • High — Sustainability: Liabilities to assets ratio scored 14/100.
  • High — Sustainability: Officer compensation ratio scored 23/100.