Chamber Of Commerce Norman
EIN: 730374880 · Norman, OK
| Metric | Value |
|---|---|
| Total Revenue | $989K |
| Total Expenses | $1.0M |
| Net Assets | $854K |
Is Chamber Of Commerce Norman Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chamber Of Commerce Norman
Chamber Of Commerce Norman (EIN: 730374880) is a nonprofit organization based in Norman, OK. The organization reported total revenue of $989K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chamber Of Commerce Norman's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chamber Of Commerce Norman is a small nonprofit that has been operating for 91 years, with 15 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-42,872 |
| Total Assets | $935K |
| Total Liabilities | $81K |
| Net Assets | $854K |
| Operating Margin | -4.3% |
| Debt-to-Asset Ratio | 8.7% |
| Months of Reserves | 10.7 months |
Financial Health Grade: B
In 2023, Chamber Of Commerce Norman reported a deficit of $43K with expenses exceeding revenue, holds 10.7 months of operating reserves (strong position), has a debt-to-asset ratio of 8.7% (very low leverage).
Financial Trends
Over 15 years of filings (2011–2023), Chamber Of Commerce Norman's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.2% | -13.7% | -3.2% |
| 2022 | -33.0% | +17.9% | -17.1% |
| 2021 | +52.7% | +1.8% | +80.8% |
| 2020 | -5.3% | -4.9% | -3.8% |
| 2019 | +8.6% | +10.5% | -3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1935 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chamber Of Commerce Norman has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chamber Of Commerce Norman with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $43K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.7%.
Frequently Asked Questions about Chamber Of Commerce Norman
Is Chamber Of Commerce Norman a legitimate charity?
Chamber Of Commerce Norman (EIN: 730374880) is a registered tax-exempt nonprofit based in Oklahoma. It has 15 years of IRS 990 filings on record. Total revenue: $989K. No red flags identified. Financial health grade: B.
How does Chamber Of Commerce Norman spend its money?
Chamber Of Commerce Norman reported $989K in total revenue in IRS 990 filings. 15 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Chamber Of Commerce Norman tax-deductible?
Chamber Of Commerce Norman is registered as a tax-exempt nonprofit (EIN: 730374880). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chamber Of Commerce Norman located?
Chamber Of Commerce Norman is headquartered in Norman, Oklahoma and files with the IRS under EIN 730374880.
How many years of IRS 990 filings does Chamber Of Commerce Norman have?
Chamber Of Commerce Norman has 15 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $989K in total revenue.
Filing History
IRS 990 filing history for Chamber Of Commerce Norman showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2011–2023), Chamber Of Commerce Norman's revenue has grown by 4.7%, moving from $962K to $1.0M. Total assets increased by 40.2% over the same period, from $667K to $935K. Total functional expenses rose by 21.8%, from $862K to $1.0M. In its most recent filing year (2023), Chamber Of Commerce Norman reported a deficit of $43K, with expenses exceeding revenue. The organization holds $81K in liabilities against $935K in assets (debt-to-asset ratio: 8.7%), resulting in net assets of $854K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $1.0M | $935K | $81K | — | — |
| 2022 | $1.0M | $1.2M | $967K | $70K | — | View 990 |
| 2021 | $1.5M | $1.0M | $1.2M | $73K | — | View 990 |
| 2020 | $996K | $1.0M | $645K | $42K | — | — |
| 2019 | $1.1M | $1.1M | $671K | $51K | — | View 990 |
| 2018 | $968K | $963K | $692K | $59K | — | View 990 |
| 2017 | $1.0M | $973K | $674K | $46K | — | — |
| 2016 | $961K | $970K | $637K | $36K | — | View 990 |
| 2015 | $948K | $974K | $662K | $52K | — | View 990 |
| 2015 | $1.1M | $1.1M | $672K | $96K | — | — |
| 2014 | $696K | $635K | $599K | $73K | — | View 990 |
| 2013 | $0 | $0 | $0 | $0 | — | View 990 |
| 2013 | $936K | $1.0M | $573K | $113K | — | View 990 |
| 2012 | $897K | $842K | $650K | $87K | — | View 990 |
| 2011 | $962K | $862K | $667K | $130K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $1.0M, and assets of $935K (revenue -1.2% year-over-year).
- 2022: Revenue of $1.0M, expenses of $1.2M, and assets of $967K (revenue -33.0% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.0M, and assets of $1.2M (revenue +52.7% year-over-year).
- 2020: Revenue of $996K, expenses of $1.0M, and assets of $645K (revenue -5.3% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $671K (revenue +8.6% year-over-year).
- 2018: Revenue of $968K, expenses of $963K, and assets of $692K (revenue -3.3% year-over-year).
- 2017: Revenue of $1.0M, expenses of $973K, and assets of $674K (revenue +4.1% year-over-year).
- 2016: Revenue of $961K, expenses of $970K, and assets of $637K (revenue +1.4% year-over-year).
- 2015: Revenue of $948K, expenses of $974K, and assets of $662K (revenue -15.7% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $672K (revenue +61.5% year-over-year).
- 2014: Revenue of $696K, expenses of $635K, and assets of $599K.
- 2013: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2013: Revenue of $936K, expenses of $1.0M, and assets of $573K (revenue +4.4% year-over-year).
- 2012: Revenue of $897K, expenses of $842K, and assets of $650K (revenue -6.8% year-over-year).
- 2011: Revenue of $962K, expenses of $862K, and assets of $667K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chamber Of Commerce Norman:
Data Sources and Methodology
This transparency report for Chamber Of Commerce Norman is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.