Toledo Regional Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 344374780
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Toledo, OH, USA
- Phone
- 4192438191
- Rating confidence
- Limited
Reported finances
- Revenue
- $3,674,893
- Expenses
- $3,552,867
- Assets
- $5,281,754
- Liabilities
- $1,412,182
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
48 people listed
Executive titles in this filing
- WENDY GRAMZA (PRESIDENT)
- HEATHER BRADLEY (EXECUTIVE VICE PRESIDENT)
Highest reported compensation
- WENDY GRAMZA (PRESIDENT): $245,722 total reported compensation
- HEATHER BRADLEY (EXECUTIVE VICE PRESIDENT): $143,048 total reported compensation
- THOMAS WALSH (CFO): $140,635 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To solve critical business challenges in order to create vibrant economic opportunities for all in our region.
What it reported doing in 2024
Workforce development and talent attraction - programming to meet the region's current and future workforce needs
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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 85
- Accountability: 100
- Sustainability: 42
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 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: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.3%; rating input score 45; 45th percentile among comparable filings
- Total-asset coverage ratio: 1.49; rating input score 51; 51st percentile among comparable filings
- Liabilities to assets ratio: 0.27; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 18.2%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 2.4% per year; rating input score 100; 23rd percentile among comparable filings
- Asset growth: 4.2% per year; rating input score 100; 30th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 42 of 42 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $246K · 48 people listed · 4 of 6 pay-setting controls reported
- Consistency: 14 of 15 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 3 filed related-organization links
- 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.
- Moderate — Sustainability: Operating margin scored 45/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Review — Sustainability: Total-asset coverage ratio scored 51/100.
- High — Sustainability: Officer compensation ratio scored 14/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.