New Prague Chamber of Commerce Inc

Nonprofit profile at a glance

EIN
411522716
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
New Prague, MN, USA
Phone
9527584360
Rating confidence
Limited

Official website

Reported finances

Revenue
$401,122
Expenses
$364,880
Assets
$145,646
Liabilities
$1,518

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

Leadership & pay

10 people listed

Executive titles in this filing

  • CARLA STICHA (PRESIDENT)
  • CASSIE BARTEN (PRESIDENT ELECT)
  • FRANK WEBER (PAST PRESIDENT)
  • BROOKE A STICHA (EXECUTIVE DIRECTOR)

Highest reported compensation

  • BROOKE A STICHA (EXECUTIVE DIRECTOR): $46,596 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 promote and enhance the community. The new prague chamber of commerce is a group of approximately 175 businesses and individuals that share the mutual goal of keeping new prague a vital place to live and work.

What it reported doing in 2024

Other community promotions: each year, the chamber of commerce also organizes smaller programs to promote shopping local and coming together as a community. We administer the new prague czechs program, which are gift certificates that are usable at any chamber-member business. A 5k race that helps bring people together to support physical health as well as each other; with visibility for our local businesses. We produce "czech out new prague" - which showcases area businesses and organizations - and it's free to the public. During the holiday shopping season - between thanksgiving and christmas - we cooperatively advertise hometown holiday. It's a marketing campaign with prize drawings with an emphasis on keeping shopping local. The chamber is busy all year long promoting local businesses and putting on local events. We have a long tradition of fine events and hope to continue those into the future. All of the expense/revenue listed is an estimate.

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: 90
  • Accountability: 79
  • Sustainability: 42
  • 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; 64th 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: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • 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: 9%; rating input score 58; 58th percentile among comparable filings
  • Total-asset coverage ratio: 0.4; rating input score 20; 20th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 45; 45th percentile among comparable filings
  • Officer compensation ratio: 12.8%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: -28.5% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: 7.6% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: 11.2% per year; rating input score 100; 69th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 10 of 10 board members independent · 4 of 8 filing controls reported
  • Programs: 3 filed program accomplishments
  • Leadership: top reported pay $47K · 10 people listed
  • Consistency: 10 of 10 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2015 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.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 20/100.
  • Review — Sustainability: Operating margin scored 58/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 45/100.