Greater Muhlenberg Chamber Ofcommerce Inc

Greater Muhlenberg Chamber Ofcommerce Inc experienced a deficit in 2023, with expenses exceeding revenue by over $40,000.

EIN: 204046200 · Greenville, KY · NTEE: S41 · Updated: 2026-03-28

$120KRevenue

$99KAssets

70/100Mission Score (Good)

S41

About Greater Muhlenberg Chamber Ofcommerce Inc

Greater Muhlenberg Chamber Ofcommerce Inc (EIN: 204046200) is a nonprofit organization based in Greenville, KY, classified under NTEE code S41. The organization reported total revenue of $120K and total assets of $99K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Muhlenberg Chamber Ofcommerce Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Greater Muhlenberg Chamber Ofcommerce Inc appears to be a stable, albeit small, organization focused on its community. Over the past decade, its revenue has fluctuated but generally remained in the $90,000 to $120,000 range, with the latest reported revenue at $111,601 for 2023. The organization has consistently maintained a healthy asset base, with assets of $107,702 in 2023, providing a buffer for operations. However, the 2023 filing shows expenses ($154,411) significantly exceeding revenue ($111,601), resulting in a deficit for that period, which warrants closer examination if this trend continues.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation suggests that the organization is either volunteer-led at the executive level or compensates its leadership through other means not categorized as officer compensation, which could be a positive indicator of resource allocation if true. The organization's consistent filing of IRS Form 990s demonstrates a commitment to regulatory transparency.

While the organization's financial health generally appears stable over the long term, the recent deficit in 2023 is a point of concern. Its consistent asset base and lack of reported officer compensation are positive aspects. To fully evaluate spending efficiency, a more granular look at expense categories would be necessary. Overall, it operates within a modest financial scope, typical for a local chamber of commerce.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Greater Muhlenberg Chamber Ofcommerce Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Greater Muhlenberg Chamber Ofcommerce Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through non-officer categories, which is unusual for an organization of its size but could indicate efficient use of funds.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Greater Muhlenberg Chamber Ofcommerce Inc's IRS 990 filings:

Significant deficit in 2023, with expenses ($154,411) considerably higher than revenue ($111,601).
Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes full spending efficiency assessment difficult.

Strengths

The following positive indicators were identified for Greater Muhlenberg Chamber Ofcommerce Inc:

Consistent IRS 990 filing history, indicating good regulatory compliance and transparency.
Maintains a healthy asset base, providing financial stability (e.g., $107,702 in assets in 2023).
Reports 0% officer compensation, potentially indicating a highly volunteer-driven or efficient leadership structure.

Frequently Asked Questions about Greater Muhlenberg Chamber Ofcommerce Inc

Why did expenses significantly exceed revenue in 2023?

In 2023, the organization reported expenses of $154,411 against revenues of $111,601, leading to a deficit of $42,810. This is a notable deviation from prior years where expenses were generally closer to or below revenue.

How does the organization fund its operations without officer compensation?

The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation on the 990 form. This could be a significant cost-saving measure.

Is the organization's asset base sufficient for its operations?

With assets of $107,702 in 2023 and annual expenses around $100,000-$150,000, the organization holds roughly 7-10 months of operating expenses in reserve, which is a reasonable level of financial stability for an organization of its size.

Filing History

IRS 990 filing history for Greater Muhlenberg Chamber Ofcommerce Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Greater Muhlenberg Chamber Ofcommerce Inc's revenue has declined by 5.9%, moving from $119K to $112K. Total assets increased by 22.6% over the same period, from $88K to $108K. Total functional expenses rose by 25.1%, from $123K to $154K. In its most recent filing year (2023), Greater Muhlenberg Chamber Ofcommerce Inc reported a deficit of $43K, with expenses exceeding revenue. The organization holds $39K in liabilities against $108K in assets (debt-to-asset ratio: 36.6%), resulting in net assets of $68K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$112K	$154K	$108K	$39K	—	—
2022	$98K	$109K	$149K	$38K	—	View 990
2021	$106K	$87K	$162K	$41K	—	View 990
2020	$88K	$78K	$140K	$38K	—	—
2019	$99K	$90K	$134K	$39K	—	View 990
2018	$89K	$97K	$126K	$35K	—	View 990
2017	$89K	$89K	$129K	$29K	—	View 990
2016	$110K	$106K	$132K	$33K	—	View 990
2015	$97K	$92K	$127K	$32K	—	View 990
2014	$98K	$93K	$113K	$22K	—	View 990
2013	$92K	$80K	$116K	$30K	—	View 990
2012	$124K	$105K	$95K	$21K	—	View 990
2011	$106K	$114K	$86K	$30K	—	View 990
2010	$119K	$123K	$88K	$24K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $112K, expenses of $154K, and assets of $108K (revenue +13.4% year-over-year).
2022: Revenue of $98K, expenses of $109K, and assets of $149K (revenue -7.3% year-over-year).
2021: Revenue of $106K, expenses of $87K, and assets of $162K (revenue +20.4% year-over-year).
2020: Revenue of $88K, expenses of $78K, and assets of $140K (revenue -11.0% year-over-year).
2019: Revenue of $99K, expenses of $90K, and assets of $134K (revenue +11.7% year-over-year).
2018: Revenue of $89K, expenses of $97K, and assets of $126K (revenue -0.6% year-over-year).
2017: Revenue of $89K, expenses of $89K, and assets of $129K (revenue -19.2% year-over-year).
2016: Revenue of $110K, expenses of $106K, and assets of $132K (revenue +13.4% year-over-year).
2015: Revenue of $97K, expenses of $92K, and assets of $127K (revenue -0.1% year-over-year).
2014: Revenue of $98K, expenses of $93K, and assets of $113K (revenue +6.3% year-over-year).
2013: Revenue of $92K, expenses of $80K, and assets of $116K (revenue -26.0% year-over-year).
2012: Revenue of $124K, expenses of $105K, and assets of $95K (revenue +16.9% year-over-year).
2011: Revenue of $106K, expenses of $114K, and assets of $86K (revenue -10.6% year-over-year).
2010: Revenue of $119K, expenses of $123K, and assets of $88K.

Data Sources and Methodology

This transparency report for Greater Muhlenberg Chamber Ofcommerce Inc 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.