Prospect Area Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 731697744
- IRS 990-EZ coverage
- 2010–2023
- Forms available
- Form 990-EZ 2023
- Location
- Prospect, KY, USA
- Phone
- 5022287493
- Rating confidence
- Limited
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $54,201
- Expenses
- $73,615
- Assets
- $7,315
- Liabilities
- $24,814
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- MEREDITH HENSLEY (PRESIDENT)
- LUIS WELLS-GONZALEZ (VICE PRESIDENT)
- JENNIFER JACOBS (PAST PRESIDENT)
- GARY R TYLER (EXECUTIVE DIRECTOR)
People named in this filing
- MEREDITH HENSLEY (PRESIDENT)
- LUIS WELLS-GONZALEZ (VICE PRESIDENT)
- KATHIE QUAIFE (TREASURER)
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 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote a healthy and properous community for those who live and work in the area and to maintain a safe and balanced environment.
What it reported doing in 2023
The organization hosts various networking and educational events throughout the year for the benefit of its members and guests.
Operating model
- Revenue model
- Membership-supported. 84% of the money available for current operations came from membership dues.
- 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: 12
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -35.8%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 0.1; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: 3.39; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 62.5%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 0.4% per year; rating input score 100; 51st percentile among comparable filings
- Revenue growth: -1.2% per year; rating input score 0; 48th percentile among comparable filings
- Asset growth: 0.9% per year; rating input score 100; 42nd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 1 filed schedules
- Filing history: 14 filing years from 2010 to 2023
- 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 — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 17/100.
- High — Sustainability: Total-asset coverage ratio scored 11/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- High — Sustainability: Officer compensation ratio scored 2/100.