Houma Terrebonne Chamber Of Commerce
EIN: 720404154 · Houma, LA
| Metric | Value |
|---|---|
| Total Revenue | $380K |
| Total Expenses | $345K |
| Net Assets | $457K |
Is Houma Terrebonne Chamber Of Commerce Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Houma Terrebonne Chamber Of Commerce
Houma Terrebonne Chamber Of Commerce (EIN: 720404154) is a nonprofit organization based in Houma, LA. The organization reported total revenue of $380K and total assets of $488K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Houma Terrebonne Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Houma Terrebonne Chamber Of Commerce is a small nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $348K |
| Total Expenses | $345K |
| Surplus / Deficit | +$3K |
| Total Assets | $461K |
| Total Liabilities | $4K |
| Net Assets | $457K |
| Operating Margin | 1.0% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 16.0 months |
Financial Health Grade: A
In 2023, Houma Terrebonne Chamber Of Commerce reported a surplus of $3K with revenue exceeding expenses, holds 16.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Houma Terrebonne Chamber Of Commerce's revenue has declined at a compound annual growth rate (CAGR) of -1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.2% | -4.6% | +0.2% |
| 2022 | +24.9% | +23.8% | +1.5% |
| 2021 | +16.7% | -3.9% | +0.6% |
| 2020 | -14.1% | +3.0% | -10.3% |
| 2019 | -13.5% | -12.9% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Houma Terrebonne Chamber Of Commerce 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 Houma Terrebonne Chamber Of Commerce 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 surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.8%.
Frequently Asked Questions about Houma Terrebonne Chamber Of Commerce
Is Houma Terrebonne Chamber Of Commerce a legitimate charity?
Houma Terrebonne Chamber Of Commerce (EIN: 720404154) is a registered tax-exempt nonprofit based in Louisiana. It has 13 years of IRS 990 filings on record. Total revenue: $380K. No red flags identified. Financial health grade: A.
How does Houma Terrebonne Chamber Of Commerce spend its money?
Houma Terrebonne Chamber Of Commerce reported $380K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Houma Terrebonne Chamber Of Commerce tax-deductible?
Houma Terrebonne Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 720404154). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Houma Terrebonne Chamber Of Commerce located?
Houma Terrebonne Chamber Of Commerce is headquartered in Houma, Louisiana and files with the IRS under EIN 720404154.
How many years of IRS 990 filings does Houma Terrebonne Chamber Of Commerce have?
Houma Terrebonne Chamber Of Commerce has 13 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 $380K in total revenue.
Filing History
IRS 990 filing history for Houma Terrebonne Chamber Of Commerce showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Houma Terrebonne Chamber Of Commerce's revenue has declined by 17.5%, moving from $422K to $348K. Total assets decreased by 13.4% over the same period, from $532K to $461K. Total functional expenses fell by 15.5%, from $408K to $345K. In its most recent filing year (2023), Houma Terrebonne Chamber Of Commerce reported a surplus of $3K, with revenue exceeding expenses. The organization holds $4K in liabilities against $461K in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $457K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $348K | $345K | $461K | $4K | — | View 990 |
| 2022 | $368K | $362K | $459K | $6K | — | — |
| 2021 | $294K | $292K | $453K | $5K | — | View 990 |
| 2020 | $252K | $304K | $450K | $4K | — | — |
| 2019 | $294K | $295K | $501K | $4K | — | View 990 |
| 2018 | $339K | $339K | $498K | $103K | — | View 990 |
| 2017 | $311K | $330K | $507K | $113K | — | View 990 |
| 2016 | $394K | $379K | $535K | $122K | — | View 990 |
| 2015 | $416K | $397K | $520K | $122K | — | View 990 |
| 2014 | $415K | $394K | $503K | $124K | — | View 990 |
| 2013 | $395K | $435K | $474K | $115K | — | View 990 |
| 2012 | $437K | $460K | $512K | $113K | — | View 990 |
| 2011 | $422K | $408K | $532K | $111K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $348K, expenses of $345K, and assets of $461K (revenue -5.2% year-over-year).
- 2022: Revenue of $368K, expenses of $362K, and assets of $459K (revenue +24.9% year-over-year).
- 2021: Revenue of $294K, expenses of $292K, and assets of $453K (revenue +16.7% year-over-year).
- 2020: Revenue of $252K, expenses of $304K, and assets of $450K (revenue -14.1% year-over-year).
- 2019: Revenue of $294K, expenses of $295K, and assets of $501K (revenue -13.5% year-over-year).
- 2018: Revenue of $339K, expenses of $339K, and assets of $498K (revenue +9.0% year-over-year).
- 2017: Revenue of $311K, expenses of $330K, and assets of $507K (revenue -21.0% year-over-year).
- 2016: Revenue of $394K, expenses of $379K, and assets of $535K (revenue -5.4% year-over-year).
- 2015: Revenue of $416K, expenses of $397K, and assets of $520K (revenue +0.3% year-over-year).
- 2014: Revenue of $415K, expenses of $394K, and assets of $503K (revenue +5.0% year-over-year).
- 2013: Revenue of $395K, expenses of $435K, and assets of $474K (revenue -9.5% year-over-year).
- 2012: Revenue of $437K, expenses of $460K, and assets of $512K (revenue +3.5% year-over-year).
- 2011: Revenue of $422K, expenses of $408K, and assets of $532K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Houma Terrebonne Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Houma Terrebonne Chamber Of Commerce 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.