Tri-town Chamber of Commerce Inc
Nonprofit profile at a glance
- EIN
- 042975004
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Mansfield, MA, USA
- Phone
- 5083395655
- Rating
- 45
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $229,160
- Expenses
- $215,696
- Assets
- $257,637
- Liabilities
- $7,699
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
30 people listed
Executive titles in this filing
- JAMES TAYLOR (PRESIDENT)
- KATHY LUCAS (PRESIDENT EL)
Highest reported compensation
- KARA GRIFFIN (EXECUTIVE DI): $82,469 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The tri-town chamber of commerce, inc. Is a non-profit membership organization representing business and professional people. Its mission is to bring business people together to improve the economic well-being of their organizations and thereby improve the quality of life in foxborough, mansfield and norton. The chamber is committed to providing effective business leadership, fostering a healthy business climate and promoting awareness and appreciation of the tri-town area. In pursuing its mission, the chamber will demonstrate sensitivity and responsiveness to the needs and concerns of the community.
What it reported doing in 2024
The tri-town chamber of commerce, inc. Is a non-profit membership organization representing business and professional people. Its mission is to bring business people together to improve the economic well-being of their organizations and thereby improve the quality of life in foxborough, mansfield, and norton. The chamber is committed to providing effective business leadership, fostering a healthy business climate, and promoting awareness and appreciation of the tri-town area. In pursuing its mission, the chamber will demonstrate sensitivity and responsiveness to the needs and concerns of 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: 90
- Accountability: 69
- Sustainability: 43
- Growth: 40
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: 100%; rating input score 100; 64th 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: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 5.9%; rating input score 52; 52nd percentile among comparable filings
- Total-asset coverage ratio: 1.19; rating input score 45; 45th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 38.2%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 1.2% per year; rating input score 100; 30th percentile among comparable filings
- Asset growth: -0.5% per year; rating input score 0; 23rd percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 30 of 30 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $82K · 30 people listed
- Consistency: 13 of 14 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 14 filing years from 2010 to 2024
- 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Accountability: Governance controls: 5 of 7 not reported.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Operating margin scored 52/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
- High — Sustainability: Officer compensation ratio scored 7/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.