South Kingstown Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 050281475
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Wakefield, RI, USA
- Phone
- 4017832801
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $286,542
- Expenses
- $334,694
- Assets
- $644,779
- Liabilities
- $622,599
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
13 people listed
People named in this filing
- Aaron Gates (CHAIR)
- Lynn Wagner (Chair Elect)
- Christine Kent (PAST 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. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Southern Rhode Island Chamber of Commerce supports and enhances the business community of southern Rhode Island and creates opportunities for the growth and development of its member businesses.
What it reported doing in 2025
To promote local businesses through networking events and advertising opportunities
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 84
- Accountability: 64
- Sustainability: 32
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75.4%; rating input score 75
- Program expense ratio: 64.5%; rating input score 65
- Fundraising efficiency: $9.6 raised per $1 spent on fundraising; rating input score 37; 37th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 26th 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: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -16.8%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 1.93; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: 0.97; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: 17.6% per year; rating input score 100; 80th percentile among comparable filings
- Revenue growth: 2.8% per year; rating input score 100; 35th percentile among comparable filings
- Asset growth: 1.5% per year; rating input score 100; 28th percentile among comparable filings
Details
- Where the money goes: 75.4% of revenue deployed · 64.5% of spending went to programs
- Governance: 13 of 13 board members independent · 1 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $17K in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 23 of 26 current checks pass · 3 findings to review
- Schedules: 3 filed schedules
- Filing history: 14 filing years from 2010 to 2025
- Contacts: How to reach this organization
- 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 — Accountability: Governance controls: 5 of 6 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.
- 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 Occupancy column sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Schedule D other liabilities reconciliation did not reconcile in the filed values.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.