Narragansett Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 050388923
- IRS 990-EZ coverage
- 2013–2024
- Forms available
- Form 990-EZ 2024
- Location
- Narragansett, RI, USA
- Phone
- 4017837121
- Rating confidence
- Limited
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $196,165
- Expenses
- $182,331
- Assets
- $35,130
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- MARGARET FRADETTE (EXECUTIVE DIRECTOR)
People named in this filing
- MARGARET FRADETTE (EXECUTIVE DIRECTOR)
- KAPRECE RANSAW (CO-CHAIR)
- AMY NEWMAN (CO-CHAIR)
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
Dues paying membership organized for the purpose of advocacy, education, and networking among local businesses
What it reported doing in 2024
The main focus of the chamber is to support its members.members are provided with marketing advocacy and newtworking opportunities that help strengthen their businesses and grow realtionships.these opportunities are provided to them through evenets, websites, social media, and face to face promotion with daily visitors and tourists entering the office
Operating model
- Revenue model
- Earned-program. 68% of the money available for current operations came from fees and other program 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
- 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: 82
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 7.1%; rating input score 52; 52nd percentile among comparable filings
- Total-asset coverage ratio: 0.19; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 23.8%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: 7.7% per year; rating input score 100; 55th percentile among comparable filings
- Revenue growth: 5.1% per year; rating input score 100; 48th percentile among comparable filings
- Asset growth: 2% per year; rating input score 100; 34th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 1 filed schedules
- Filing history: 12 filing years from 2013 to 2024
- 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 — Sustainability: Total-asset coverage ratio scored 18/100.
- Review — Sustainability: Operating margin scored 52/100.
- High — Sustainability: Officer compensation ratio scored 14/100.