Walton County Chamber of Commerce Inc
Nonprofit profile at a glance
- EIN
- 590568662
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Santa Rosa Beach, FL, USA
- Phone
- 8502670683
- Rating
- 53
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $532,069
- Expenses
- $536,085
- Assets
- $193,556
- Liabilities
- $97,765
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- MEGAN HARRISON (PRESIDENT/CEO/SECRETARY)
Highest reported compensation
- MEGAN HARRISON (PRESIDENT/CEO/SECRETARY): $112,119 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 walton county chamber of commerce represents the voice of business and our commitment is to our membership and to advocate a positive climate to foster success and strengthen the economic environment.
What it reported doing in 2024
Business network of members providing information, referral service, education and government awareness
Operating model
- Revenue model
- Membership-supported. 71% of the money available for current operations came from membership dues.
- 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 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: 14
- Transparency & Controls: 92
- Accountability: 71
- Sustainability: 24
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 16.4%; rating input score 16
- Program expense ratio: 16.3%; rating input score 16
- 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 78.3%; rating input score 78; 17th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -0.8%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 0.36; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0.51; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 20.9%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: 0.1% per year; rating input score 100; 18th percentile among comparable filings
- Revenue growth: 0.4% per year; rating input score 100; 16th percentile among comparable filings
- Asset growth: -10.4% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 16.4% of revenue deployed · 16.3% of spending went to programs
- Governance: 18 of 23 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $88K in reported program spending
- Leadership: top reported pay $112K · 24 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 14 filing years from 2009 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 16/100.
- High — Financial Efficiency: Program expense ratio scored 16/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 33/100.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 14/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.