Rome Area Chamber of Commerce Inc
Nonprofit profile at a glance
- EIN
- 150431860
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Rome, NY, USA
- Phone
- 3153371700
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $375,789
- Expenses
- $330,101
- Assets
- $637,997
- Liabilities
- $208,168
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- TIFFANY ABELE (2ND VICE PRESIDENT)
- CHRIS DESTITO (1ST VICE PRESIDENT)
- JENNIFER DEWEERTH (PRESIDENT)
People named in this filing
- TIFFANY ABELE (2ND VICE PRESIDENT)
- NICHOLAS ANGELICOLA (CHAIRMAN)
- SCOTT BURNS (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Promote commerce for the local area
What it reported doing in 2024
Chamber of commerce-enhancement of local business and to improve the local economy.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
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: 15
- Transparency & Controls: 92
- Accountability: 76
- Sustainability: 57
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 16%; rating input score 16
- Program expense ratio: 18.8%; rating input score 19
- 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: Scored; rating input score 0
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: 12.2%; rating input score 63; 63rd percentile among comparable filings
- Total-asset coverage ratio: 1.93; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: 0.33; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 14.4% per year; rating input score 100; 78th percentile among comparable filings
- Revenue growth: 0.3% per year; rating input score 100; 25th percentile among comparable filings
- Asset growth: 2% per year; rating input score 100; 33rd percentile among comparable filings
Details
- Where the money goes: 16% of revenue deployed · 18.8% of spending went to programs
- Governance: 19 of 19 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $62K in reported program spending
- Leadership: top reported pay $0 · 15 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 5 filed schedules · includes major donors and related organizations
- Filing history: 13 filing years from 2011 to 2024
- 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.
- High — Financial Efficiency: Mission deployment rate scored 16/100.
- High — Financial Efficiency: Program expense ratio scored 19/100.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.