Southfield Chamber of Commerce

Nonprofit profile at a glance

EIN
381887327
IRS 990-EZ coverage
2009–2024
Forms available
Form 990-EZ 2024
Location
Southfield, MI, USA
Phone
2485576661
Rating
44
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$140,272
Expenses
$148,512
Assets
$1,041
Liabilities
$15,000

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

Leadership & pay

10 people listed

Executive titles in this filing

  • BAXTER HALL (PRESIDENT)
  • JASMINE PATTON (EXECUTIVE DIRECTOR)

People named in this filing

  • BAXTER HALL (PRESIDENT)
  • LONNIE EDWARDS (PAST CHAIR)
  • LINDA HEIGHT (TREASURER)

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

To further the business climate and to cultivate opportunities for businesses in the soutfield Michigan arer

What it reported doing in 2024

Programs geared toward business developments and partnerships in the southfield area. Membership grew to over 300 members vs the previous year of 300.

Operating model

Revenue model
Membership-supported. 79% 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

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: 14
  • Transparency & Controls: 82
  • Sustainability: 12
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 14.2%; rating input score 14
  • Program expense ratio: 13.4%; rating input score 13

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -5.9%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 0.01; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: 14.41; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 34.4%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: 2.2% per year; rating input score 100; 37th percentile among comparable filings
  • Revenue growth: 1.9% per year; rating input score 100; 30th percentile among comparable filings
  • Asset growth: -0.5% per year; rating input score 0; 26th percentile among comparable filings

Details

  • Where the money goes: 14.2% of revenue deployed · 13.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $20K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 6 of 7 current checks pass · 1 finding to review
  • Schedules: 1 filed schedules
  • Filing history: 15 filing years from 2009 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 14/100.
  • High — Financial Efficiency: Program expense ratio scored 13/100.
  • Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
  • High — Sustainability: Operating margin scored 21/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.