Stanly County Chamber of Commerce Inc
Nonprofit profile at a glance
- EIN
- 560503003
- IRS 990 coverage
- 2019–2019
- Forms available
- Form 990 2019
- Location
- Albemarle, NC, USA
- Phone
- 7049828116
- Rating
- 48
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $183,182
- Expenses
- $186,828
- Assets
- $77,554
- Liabilities
- $27,563
Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- SANDY SELVY-MULLS (PRESIDENT/CEO)
Highest reported compensation
- SANDY SELVY-MULLS (PRESIDENT/CEO): $16,042 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The stanly county chamber of commerce serves as a catalyst for collaborative economic development in business, education, entrepreneurship, leadership, and public policy to create a thriving community.
What it reported doing in 2019
Promote and recognize businesses through the annual meetings, legislative breakfast, safety luncheon, and other programs throughout the year.
Operating model
- Revenue model
- Membership-supported. 70% 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 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: 9
- Transparency & Controls: 90
- Accountability: 79
- Sustainability: 29
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 9.7%; rating input score 10
- Program expense ratio: 9.5%; rating input score 9
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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; 63rd percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -2%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 0.42; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 0.36; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 8.6%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 9.7% of revenue deployed · 9.5% of spending went to programs
- Governance: 9 of 9 board members independent · 4 of 8 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $16K · 10 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 3 filed schedules
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 10/100.
- High — Financial Efficiency: Program expense ratio scored 9/100.
- Review — Accountability: Governance controls: 4 of 8 not reported.
- Moderate — Sustainability: Operating margin scored 36/100.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- High — Sustainability: Liabilities to assets ratio scored 18/100.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.