Unicoi County Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 620864982
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Erwin, TN, USA
- Phone
- 4237433000
- Rating
- 55
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Business and Industry
Reported finances
- Revenue
- $262,938
- Expenses
- $277,097
- Assets
- $32,581
- Liabilities
- $158,705
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- SHANNA PETERSON (PRESIDENT -)
- DANNY VENERABLE (PRESIDENT)
Highest reported compensation
- AMANDA DELP (EXECUTIVE DI): $76,278 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 unicoi county chamber of commerce mission is to provide leadership and advocacy that promotes partnerships with businesses, government and civic leaders to support sustainable growth, and community engagement by planning, promoting, and developing programs, events and outreach efforts that encourage economic stability of the community. Each year the chamber has an annual apple festival in downtown erwin in which there are many different food and craft vendors from surrounding counties attend. An annual nuclear fuel services company picnic is organized by the chamber to assist the local company. Other small events are held in downtown erwin to promote the town of erwin and local businesses. The chamber holds these activities as adopted in the bylaws.
What it reported doing in 2024
Organize and represent the county in civic and promotional activities in the pursuit of economic development.
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
MIXED - The filed numbers largely add up. 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: 39
- Transparency & Controls: 92
- Accountability: 53
- Sustainability: 17
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 40.9%; rating input score 41
- Program expense ratio: 38%; rating input score 38
- Fundraising efficiency: $8.29 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings
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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 83.3%; rating input score 83; 22nd percentile among comparable filings
- Governance controls: 1 of 8 controls in place; rating input score 12
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -5.4%; rating input score 29; 29th percentile among comparable filings
- Total-asset coverage ratio: 0.12; rating input score 7; 7th percentile among comparable filings
- Liabilities to assets ratio: 4.87; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 27.5%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: -3.7% per year; rating input score 0; 19th percentile among comparable filings
- Revenue growth: -2.1% per year; rating input score 0; 16th percentile among comparable filings
- Asset growth: -10.1% per year; rating input score 0; 6th percentile among comparable filings
Details
- Where the money goes: 40.9% of revenue deployed · 38% of spending went to programs
- Governance: 10 of 12 board members independent · 1 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $105K in reported program spending
- Leadership: top reported pay $76K · 13 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 9 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.
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 — Financial Efficiency: Mission deployment rate scored 41/100.
- Moderate — Financial Efficiency: Program expense ratio scored 38/100.
- High — Accountability: Governance controls: 6 of 7 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 34/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 29/100.
- High — Sustainability: Total-asset coverage ratio scored 7/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- High — Sustainability: Officer compensation ratio scored 13/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.