Scranton Chamber of Commerce

Nonprofit profile at a glance

EIN
240716460
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Scranton, PA, USA
Phone
5703427711
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$3,281,616
Expenses
$3,546,656
Assets
$3,598,827
Liabilities
$854,439

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

Leadership & pay

49 people listed

Executive titles in this filing

  • ROBERT F DURKIN (PRESIDENT)
  • JENNIFER DAVIS (PRESIDENT - SLIBCO)
  • AMY HOLLANDER (PRESIDENT - LIFE)
  • JOSEPH BONSICK (PRESIDENT - METROACTION)
  • JAMES F COLEMAN (VICE PRESIDENT INTERNAL AD)
  • KRISTINE L AUGUSTINE (VICE PRESIDENT OF DEVE)

Highest reported compensation

  • ROBERT F DURKIN (PRESIDENT): $374,440 total reported compensation
  • JAMES F COLEMAN (VICE PRESIDENT INTERNAL AD): $164,081 total reported compensation
  • KRISTINE L AUGUSTINE (VICE PRESIDENT OF DEVE): $151,533 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization promotes business interests and economic and workforce development in the greater scranton area of lackawanna county.

What it reported doing in 2024

The greater scranton chamber of commerce is a multifaceted membership based business organization that touches nearly every aspect of our community. Our mission is to attract, sustain, and grow businesses throughout northeastern Pennsylvania.in addition to traditional chamber services, such as networking, referrals, and cost-saving programs, the chamber is also the parent organization to various affiliates and initiatives that include: the scranton-lackawanna industrial building company (slibco), the scranton plan, lackawanna industrial fund enterprise (life), slibco utilities, the ignite program, metroaction, leadership lackawanna and skills in scranton.these affiliates and initiatives support economic development, provide small business lending services, facilitate leadership development programs, and guide workforce development initiatives in the greater scranton region. The chamber family supports our members' success, creating opportunities for the region and helping business owners and executives address the issues they face each day.

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 program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 66
  • Accountability: 99
  • Sustainability: 24
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.4%; rating input score 82
  • Program expense ratio: 75.2%; rating input score 75
  • Fundraising efficiency: $0.62 raised per $1 spent on fundraising; rating input score 2; 2nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 97.7%; rating input score 98; 27th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -8.1%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 1.01; rating input score 37; 37th percentile among comparable filings
  • Liabilities to assets ratio: 0.24; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 31.4%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: -1.7% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: 0.8% per year; rating input score 100; 14th percentile among comparable filings
  • Asset growth: -1.2% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 82.4% of revenue deployed · 75.2% of spending went to programs
  • Governance: 43 of 44 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.7M in reported program spending
  • Leadership: top reported pay $374K · 49 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 6 filed related-organization links
  • 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: Fundraising efficiency scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 16/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 40/100.