Salem Area Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 431094134
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Salem, MO, USA
- Phone
- 5737296900
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $122,307
- Expenses
- $150,503
- Assets
- $88,516
- Liabilities
- $1,911
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
People named in this filing
- MICHELE PARKER (TREASURER)
- CECE REED (BOARD MEMBER)
- DANIELLE KISSIR (BOARD MEMBER)
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
The salem area chamber of commerce is a volunteer driven organization that improves and promotes an atmosphere that enables the community to grow and prosper. The chamber works to accomplish its purpose by serving as the voice of the salem business community and by representing our members in government affairs at local, state and federal levels. The chamber also works to accomplish its purpose by providing members with networking, promotional and educational opportunities as well as information and business assistance. Established in 1930, the salem area chamber of commerce has served the salem and dent county community for more than 90 years. The salem area chamber of commerce is a member of the Missouri chamber of commerce, meramec regional planning commission, and ozark heritage tourism association.
What it reported doing in 2024
The remainder of the expenses relate to the chambers other general programs which deal with the promotion of the city of salem/dent county area for its educational, business and tourism opportunities. The salem chamber of commerce acts as the tourism department for the salem community. Projects are determined and presented to the local dent county tourism board for advertising on billboards, signs, magazines and activities to promote the salem/dent county area. The tourism board reimburses the salem chamber of commerce for pre-approved expenditures made for these purposes. The tourism board is appointed by the dent county commission and is funded by a 2% tourism tax charged to motel/short term rental guests who visit dent county, Missouri.
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
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 58
- Transparency & Controls: 82
- Sustainability: 27
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62%; rating input score 62
- Program expense ratio: 51%; rating input score 51
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -23.1%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 0.59; rating input score 42; 42nd percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 5.3% per year; rating input score 100; 48th percentile among comparable filings
- Revenue growth: 7% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 3.2% per year; rating input score 100; 38th percentile among comparable filings
Details
- Where the money goes: 62% of revenue deployed · 51% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $77K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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: Program expense ratio scored 51/100.
- High — Sustainability: Operating margin scored 7/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.