Sebastian River Area Chamber of Commerce Inc
Nonprofit profile at a glance
- EIN
- 590833568
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-EZ 2009
- Location
- Sebastian, FL, USA
- Phone
- 7725895969
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $505,923
- Expenses
- $489,706
- Assets
- $391,718
- Liabilities
- $2,068
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- Cheryl Thibault (Former CEO)
- Britney Melchiori (President & CEO)
Highest reported compensation
- Cheryl Thibault (Former CEO): $48,750 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 was incorporated in February, 1958, and it was established to promote the civic, economic, and social welfare of the people in the Sebastian River Area; primarily, Business/Community development.
What it reported doing in 2024
Tourism Development - The Chamber attracts visitors by maintaining a modern tourism information center and a dynamic interactive website, and through social media, print advertising, direct mail, promotional brochures and frequent travel/trade shows and visitors related festivals and events.
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
SUPPORTED - 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: 51
- Transparency & Controls: 87
- Accountability: 66
- Sustainability: 45
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 57%; rating input score 57
- Program expense ratio: 58.9%; rating input score 59
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 86.7%; rating input score 87; 3rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 69.2%; rating input score 69; 15th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- 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: 3.2%; rating input score 45; 45th percentile among comparable filings
- Total-asset coverage ratio: 0.8; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 73; 73rd percentile among comparable filings
- Officer compensation ratio: 10%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: -3% per year; rating input score 0; 10th percentile among comparable filings
- Revenue growth: 4.2% per year; rating input score 100; 38th percentile among comparable filings
- Asset growth: 8.3% per year; rating input score 100; 53rd percentile among comparable filings
Details
- Where the money goes: 57% of revenue deployed · 58.9% of spending went to programs
- Governance: 9 of 13 board members independent · 5 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $288K in reported program spending
- Leadership: top reported pay $49K · 13 people listed
- Consistency: 26 of 28 current checks pass · 2 findings to review
- Schedules: 4 filed schedules
- Filing history: 15 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.
- Review — Financial Efficiency: Mission deployment rate scored 57/100.
- Review — Financial Efficiency: Program expense ratio scored 59/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 45/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.