River Region Chamber of Commerce Inc
Nonprofit profile at a glance
- EIN
- 810640374
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Laplace, LA, USA
- Phone
- 9853599777
- Rating
- 53
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
- Affiliation
- Christianity
Reported finances
- Revenue
- $298,582
- Expenses
- $321,959
- Assets
- $716,174
- Liabilities
- $54,272
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- RAY GREGSON (EXECUTIVE DIRECTOR)
- CHASSITY MCCOMACK (EXECUTIVE DIRECTOR)
Highest reported compensation
- RAY GREGSON (EXECUTIVE DIRECTOR): $50,000 total reported compensation
- CHASSITY MCCOMACK (EXECUTIVE DIRECTOR): $47,691 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Grow, strengthen, and unify businesses in the river region by building relationships to advocate for a pro-business environment in st. James, st. John, and st. Charles parishes, by serving as the voice of all business in the river region, and by being the catalyst for business
What it reported doing in 2024
The chamber provided businesses of all sizes a multitude of valuable benefits and online tools to enhance their respective markets to further business growth and served its members as an advocate for all business needs by networking and providing supportive resources that ensure growth and sustainability.
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
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Accountability: 90
- Sustainability: 35
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- 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: 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: 6 of 8 controls in place; rating input score 75
- 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: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -7.8%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 2.22; rating input score 62; 62nd percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 30.3%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: -33.7% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: 2.3% per year; rating input score 100; 36th percentile among comparable filings
- Asset growth: 11.2% per year; rating input score 100; 69th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 15 of 15 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $50K · 17 people listed
- Consistency: 14 of 15 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors
- Filing history: 13 filing years from 2010 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.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Operating margin scored 25/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Officer compensation ratio scored 11/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.