Rochester Chamber of Commerce Foundation Inc

Nonprofit profile at a glance

EIN
411675433
IRS 990-EZ coverage
2024–2024
Forms available
Form 990 2019, Form 990-EZ 2024, Form 990-N 2023
Location
Rochester, MN, USA
Phone
5072881122
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Adult, Continuing Education

Official website

Reported finances

Revenue
$60,573
Expenses
$35,057
Assets
$226,931
Liabilities
$58,614

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

Leadership & pay

6 people listed

Executive titles in this filing

  • RYAN PARSONS (PRESIDENT)

People named in this filing

  • RYAN PARSONS (PRESIDENT)
  • STEVE DUNN (CHAIR)
  • GWEN STEVENS (CHAIR ELECT)

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

To support and advance the charitable interests of the rochester area chamber of commerce through education and workforce development programs which promote p-16 education initiatives, creation of diverse and flexible workplaces, leadership development which encourages a dynamic and innovative vision of the future, planning, research and community education to anticipate and communicate future community needs and challenges, and partnerships between the business community and educational, governmental and non-profit organizations.

What it reported doing in 2024

Leadership greater rochester cip - one of the two 2024 cohorts of the chamber's leadership greater rochester program, in partnership with olmstedcounty public health, launched an innovative mental health awareness signs project. Each sign emphasizes the significant benefits of spending time outdoors toenhance mental health and well-being and are thoughtfully designed to reflect the diverse population of olmsted county, with content available in english, spanish, and somali. In addition to the mental health messages, each sign includes a qr code that directs users to the credible mind website. This valuableresource, launched by olmsted county public health in december 2023, offers a wealth of mental health content, self-assessments, and local communityresources, further supporting individuals seeking well-being and mental health assistance and guidance.the other group installed communication stations. Communication stations aims to enhance public spaces that allow for inclusivity, sharing, caring, connectivity, understanding, and reflecting, while showing empathy and compassion. Communication stations are positioned in local parks, pools and schools to aid in helping nonverbal, disabled, and or hearing-impaired children and adults to communicate with their fellow classmates, family, friends, and teachers. Communication stations are a great resource no matter age, race, ethnicity, cultural background, or ability or disability.

Operating model

Revenue model
Earned-program. 72% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 82
  • Sustainability: 75
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 54.9%; rating input score 55
  • Program expense ratio: 99.6%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 42.1%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 6.47; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.26; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -4.3% per year; rating input score 0; 36th percentile among comparable filings
  • Asset growth: -3.9% per year; rating input score 0; 26th percentile among comparable filings

Details

  • Where the money goes: 54.9% of revenue deployed · 99.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $35K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • 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 — Financial Efficiency: Mission deployment rate scored 55/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.