Stanwood Chamber of Commerce

Nonprofit profile at a glance

EIN
911233135
IRS 990-EZ coverage
2010–2022
Forms available
Form 990-EZ 2022, Form 990-N 2015
Location
Stanwood, WA, USA
Phone
3606290562
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Reported finances

Revenue
$22,982
Expenses
$45,623
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • JUDY WILLIAMS (PRESIDENT)

People named in this filing

  • JUDY WILLIAMS (PRESIDENT)
  • KATIE SCHROCK (VICE PRESIDE)
  • JOLEY GARNER (SECRETARY)

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 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote a positive business climate in the city of stanwood by: supporting and initiating activities which will bring business to stanwood and encourage local residents to buy as much as possible locally. Inform members of available services, government regulations, social issues and management topics to assist them to take appropriate action to remain profitable contributing employers to the community.

What it reported doing in 2022

The chamber sponsores several community events including the port susan snow goose & birding festival, soap box derby, farmers market, summer concert series, national night out against crime, an old fashioned christmas and light up your holiday to draw people and customers into our community. The chamber's golf classic brought businesses together and raised money for an annual high school scholarship. The chamber's ribbon cutting program was used numerous times throughout the year as a way to promote new businesses in stanwood. Monthly meetings provided members with the opportunity to network and grow. A close working relationship with the city of stanwood enabled the chamber to pass on relevant information to members and keep them informed.

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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 82
  • Sustainability: 11
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 92.9%; rating input score 93

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -98.5%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 6.9% per year; rating input score 100; 69th percentile among comparable filings
  • Revenue growth: 1.2% per year; rating input score 100; 61st percentile among comparable filings
  • Asset growth: 0.4% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 92.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $42K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 10 filing years from 2010 to 2022
  • 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 — Sustainability: Operating margin scored 9/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.