Tangipahoa Chamber of Commerce

Nonprofit profile at a glance

EIN
720440396
IRS 990 coverage
2010–2022
Forms available
Form 990 2022
Location
Hammond, LA, USA
Phone
9853454457
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Affiliation
Christianity

Official website

Reported finances

Revenue
$222,005
Expenses
$247,662
Assets
$846,651
Liabilities
$9,344

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

Leadership & pay

23 people listed

Executive titles in this filing

  • MELISSA BORDELON (PRESIDENT &)

Highest reported compensation

  • MELISSA BORDELON (PRESIDENT &): $84,923 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The tangipahoa chamber is the leader of and catalyst for strategies and services which promote economic vitality in tangipahoa parish.

What it reported doing in 2022

The tangipahoa chamber's membership dues program helps the organization advocate on behalf of members on the local, parish, regional, and state level. Opportunities for members to build relationships that will help them grow their business are provided through luncheons, leads for lunch, hmm'd eggs, after hours, just the facts events, young professional lunch meetings, committee meetings, and workshops.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
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

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 60
  • Transparency & Controls: 90
  • Accountability: 69
  • Sustainability: 38
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.5%; rating input score 70
  • Program expense ratio: 63.1%; rating input score 63
  • 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: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • 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: -11.6%; rating input score 23; 23rd percentile among comparable filings
  • Total-asset coverage ratio: 3.42; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 48; 48th percentile among comparable filings
  • Officer compensation ratio: 34.3%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: -3.1% per year; rating input score 0; 25th percentile among comparable filings
  • Revenue growth: 0.5% per year; rating input score 100; 32nd percentile among comparable filings
  • Asset growth: 1.3% per year; rating input score 100; 32nd percentile among comparable filings

Details

  • Where the money goes: 70.5% of revenue deployed · 63.1% of spending went to programs
  • Governance: 22 of 22 board members independent · 2 of 8 filing controls reported
  • Programs: 3 filed program accomplishments
  • Leadership: top reported pay $85K · 23 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 11 filing years from 2010 to 2022
  • 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 — Accountability: Governance controls: 5 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 23/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 48/100.