Steamboat Springs Chamber
Nonprofit profile at a glance
- EIN
- 840394242
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Steamboat Springs, CO, USA
- Phone
- 9708757007
- Rating
- 52
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,269,462
- Expenses
- $1,203,390
- Assets
- $1,168,382
- Liabilities
- $167,927
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- SARAH LEONARD (CEO)
- SARAH FOX (PAST PRESIDENT)
- SONIYA FIDLER (President)
Highest reported compensation
- SARAH LEONARD (CEO): $118,150 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mission: We are the catalyst for business growth. We are the convener of leaders and influencers. We champion for a thriving community. TO SUPPORT, ENCOURAGE AND SUSTAIN A VIBRANT, HEALTHY ECONOMY IN STEAMBOAT SPRINGS AND SURROUNDING AREAS, TO ACT AS A SPOKESPERSON AND ADVOCATE FOR THE BUSINESS AND PROFESSIONAL COMMUNITY, TO SUPPORT ALL EXISTING INDUSTRIES AND WELCOME AND NURTURE NEW INDUSTRIES, TO PRESERVE OUR ENVIRONMENT AND WORKFORCE AS INTEGRAL COMPONENTS OF OUR ECONOMIC WELL-BEING.
What it reported doing in 2024
THE STEAMBOAT SPRINGS CHAMBER SUPPORTS BUSINESS GROWTH AND WORKS TO KEEP STEAMBOAT SPRINGS A GREAT PLACE TO LIVE AND WORK. THE STEAMBOAT SPRINGS CHAMBER advocate for pro-business policy and initiatives that support economic development. MEMBERSHIP EFFORTS SUPPORTED BUSINESS GROWTH BY CREATING NEW BUSINESS EDUCATION OPPORTUNITIES, CONNECTING MEMBERS WITH NEEDED RESOURCES, AND ENSURING USE OF MEMBERSHIP BENEFITS. DESTINATION Stewardship Efforts were focused on striking a balance between quality of life for residents and creating excellent visitor experiences. Our Kindness Floats the Boat messaging targeted visitors who were already in Steamboat and encouraged visitors to travel mindfully. The message was delivered through social, targeted ads, website and communicated to visitors through our Visitors Center and at various events throughout the community.
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
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: 0
- Transparency & Controls: 95
- Accountability: 100
- Sustainability: 45
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 19th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 5.2%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 0.97; rating input score 42; 42nd percentile among comparable filings
- Liabilities to assets ratio: 0.14; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 9.8%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -0.4% per year; rating input score 0; 13th percentile among comparable filings
- Asset growth: 3.1% per year; rating input score 100; 30th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 19 of 19 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $118K · 20 people listed
- Consistency: 14 of 16 current checks pass · 2 findings to review
- Schedules: 6 filed schedules · includes grants
- Filing history: 10 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- 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 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Review — Sustainability: Operating margin scored 51/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.