Somersworth Community Chamber of Commerc
Nonprofit profile at a glance
- EIN
- 020419085
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990 2019, Form 990-EZ 2024
- Location
- Somersworth, NH, USA
- Phone
- 6039730169
- Rating
- 37
- Verdict
- REVIEW
- Rating confidence
- Moderate
Reported finances
- Revenue
- $34,322
- Expenses
- $53,971
- Assets
- $2,513
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
People named in this filing
- JIM MARTIN (BOARD MEMBER)
- JAKE CORMIER (BOARD MEMBER)
- SHERRY NORTON (CHAIR)
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
It is our primary goal to provide somersworth, rollinsford & the berwicks the opportunity to create a healthy economic base from which a better quality of life will naturally evolve. To achieve this end, the chamber works to represent the needs of its members by providing networking opportunities, educational programs and general information that informs the business community
What it reported doing in 2024
Annual dinner event that bring business members together.
Operating model
- Revenue model
- Membership-supported. 62% of the money available for current operations came from membership dues.
- 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
REVIEW - The filed numbers largely add up. 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: 3
- Transparency & Controls: 82
- Sustainability: 23
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 3.5%; rating input score 3
- Program expense ratio: 2.2%; rating input score 2
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -57.2%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 0.05; rating input score 8; 8th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 18.6% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: -25.1% per year; rating input score 0; 12th percentile among comparable filings
- Asset growth: -42.8% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 3.5% of revenue deployed · 2.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $1K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- 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 3/100.
- High — Financial Efficiency: Program expense ratio scored 2/100.
- High — Sustainability: Operating margin scored 12/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 8/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.