Middlesex County Chamber of Commerce Inc

Nonprofit profile at a glance

EIN
060452410
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Middletown, CT, USA
Phone
8603476924
Rating confidence
Limited

Official website

Reported finances

Revenue
$1,760,920
Expenses
$1,488,312
Assets
$2,137,445
Liabilities
$494,640

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

109 people listed

Executive titles in this filing

  • JOHANNA BOND (PRESIDENT)

Highest reported compensation

  • JOHANNA BOND (PRESIDENT): $234,396 total reported compensation
  • STEVE CISKOWSKI (CONTROLLER): $82,377 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To unite in a common organization of persons and entities doing business in middlesex county and other organizations dedicated to community improvement and to improve business conditions and community development.

What it reported doing in 2024

Annual dinner-to provide members and nonmembers the opportunity to network in a relaxed atmosphere to conduct business of the chamber with the ultimate goal of promoting and improving area business conditions and community development within middlesex county. Recognition is given to volunteers, change of officers takes place, scholarships are awarded, and a distinguished citizen award is given to an individual who is chosen by the community. Job fair, real estate council, holiday and special events, tv video of seminars/training, business retention, special events, special projects and meetings are also accomplishments of the chamber.website advertising-members may purchase advertising space on the chamber website. This is a great opportunity to be seen by members and the general public. Ads on the home page are displayed over 50,000 times each year.

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

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 84
  • Accountability: 99
  • Sustainability: 54
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 99.1%; rating input score 99; 26th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 15.5%; rating input score 70; 70th percentile among comparable filings
  • Total-asset coverage ratio: 1.44; rating input score 54; 54th percentile among comparable filings
  • Liabilities to assets ratio: 0.23; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 21.3%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 1.5% per year; rating input score 100; 22nd percentile among comparable filings
  • Asset growth: 5.9% per year; rating input score 100; 43rd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 107 of 108 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments
  • Leadership: top reported pay $234K · 109 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 11 of 11 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Sustainability: Total-asset coverage ratio scored 54/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.