Shelby County Chamber of Commerce Inc

Nonprofit profile at a glance

EIN
350650830
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Shelbyville, IN, USA
Phone
3173986647
Rating
67
Verdict
SUPPORTED
Rating confidence
Standard

Official website

Reported finances

Revenue
$292,959
Expenses
$314,631
Assets
$446,868
Liabilities
$220,335

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

Leadership & pay

13 people listed

Executive titles in this filing

  • BILL POLAND (BOARD MEMBER AND PRESIDENT ELECT)
  • JOSHUA GEORGEN (BOARD MEMBER AND PRESIDENT)
  • STEPHANIE AMOS (BOARD MEMBER AND PAST PRESIDENT)
  • COURTNEY CHAPELLA (EXECUTIVE DIRECTOR)

People named in this filing

  • BRIAN ASHER (BOARD MEMBER AND EX OFFICIO)
  • DR TODD HITCHCOCK (BOARD MEMBER AND TREASURER)
  • ERIC GLASCO (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We advocate for business growth and support the success of our members while collaborating with partners to promote shelby county as a highly desirable community in which to live, work, and play.

What it reported doing in 2024

In 2024, the shelby county chamber of commerce continued advancing its mission to advocate for business growth, strengthen member success, and foster collaboration among community partners to promote shelby county as a great place to live, work, and thrive.the chamber hosted a variety of impactful programs, including lunch & learns and state of events designed to encourage collaboration and professional development among local businesses.the leadership shelby county program remained a cornerstone initiative, cultivating informed and engaged leaders equipped with the knowledge and skills to positively impact the community. The chamber also hosted the annual awards gala, celebrating the achievements of outstanding individuals, businesses, and organizations that contribute to the betterment of shelby county.through legislative updates and partnerships with civic and economic development organizations, the chamber continued to serve as a unifying voice for the county.

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 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: 42
  • Transparency & Controls: 100
  • Accountability: 76
  • Sustainability: 36
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 36.3%; rating input score 36
  • Program expense ratio: 33.7%; rating input score 34
  • Fundraising efficiency: $896.75 raised per $1 spent on fundraising; rating input score 97; 97th percentile among comparable filings

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: Limited

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: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: -7.4%; rating input score 26; 26th percentile among comparable filings
  • Total-asset coverage ratio: 1.42; rating input score 50; 50th percentile among comparable filings
  • Liabilities to assets ratio: 0.49; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -4.5% per year; rating input score 0; 18th percentile among comparable filings
  • Revenue growth: 0% per year; rating input score 100; 24th percentile among comparable filings
  • Asset growth: 8.8% per year; rating input score 100; 62nd percentile among comparable filings

Details

  • Where the money goes: 36.3% of revenue deployed · 33.7% of spending went to programs
  • Governance: 15 of 15 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $106K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 14 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 36/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 34/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 26/100.
  • Review — Sustainability: Total-asset coverage ratio scored 50/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.