Sedro-woolley Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 910712764
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Sedro Woolley, WA, USA
- Rating
- 42
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $579,402
- Expenses
- $635,831
- Assets
- $318,377
- Liabilities
- $7,711
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- MONIQUE BRIGHAM (EXECUTIVE DIRECTOR)
- ERIC JOHNSON (PRESIDENT)
- CHRISTINA TRADER (PRESIDENT ELECT)
- LISA CASE (VICE PRESIDENT)
- MANDI ROTHMAN (PRESIDENT)
Highest reported compensation
- MONIQUE BRIGHAM (EXECUTIVE DIRECTOR): $78,980 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Founded in 1914, the Sedro-Woolley Chamber of Commerce promotes social gatherings as well as a healthy business climate for its members that include retailer, wholesaler, services, manufacturer, bank, churches and not for profit, individual and business entities.
What it reported doing in 2025
Annual events that promote the downtown revitalization, tourism and attract potential business investors. Events are blast from the past includes a fun run, car show and craft fair, woodfest promotes technology and forestry and christmas parade with an ugly sweater contest
Operating model
- Revenue model
- Other-operating. 79% of the money available for current operations came from other operating revenue.
- 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
MIXED - The filed numbers largely add up and program spending has grown recently. 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: 17
- Transparency & Controls: 72
- Accountability: 37
- Sustainability: 23
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 20%; rating input score 20
- Program expense ratio: 18.2%; rating input score 18
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 80%; rating input score 80; 1st 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: 0%; rating input score 0; 6th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- 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: Fail
Sustainability
- Operating margin: -9.7%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 0.5; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 51; 51st percentile among comparable filings
- Officer compensation ratio: 12.4%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: 2.8% per year; rating input score 100; 26th percentile among comparable filings
- Revenue growth: 14.6% per year; rating input score 100; 73rd percentile among comparable filings
- Asset growth: 19.6% per year; rating input score 100; 78th percentile among comparable filings
Details
- Where the money goes: 20% of revenue deployed · 18.2% of spending went to programs
- Governance: 0 of 12 board members independent · 7 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $116K in reported program spending
- Leadership: top reported pay $79K · 12 people listed
- Consistency: 14 of 26 current checks pass · 12 findings to review
- Schedules: 2 filed schedules
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 20/100.
- High — Financial Efficiency: Program expense ratio scored 18/100.
- High — Accountability: Independent voting board scored 0/100.
- High — Sustainability: Operating margin scored 13/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX Advertising column sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX AllOtherExpenses column sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX ConferencesMeetings column sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX FeesForServicesOther column sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX Insurance column sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX Occupancy column sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX OfficeExpenses column sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX OtherEmployeeBenefits column sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX OtherSalariesAndWages column sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX PayrollTaxes column sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX Travel column sum did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.
- Review — Sustainability: Liabilities to assets ratio scored 51/100.