Jay Peak Chamber Of Commerce Inc
Jay Peak Chamber Of Commerce Inc. frequently operates at a deficit with declining assets, but reports no officer compensation.
EIN: 208393949 · Troy, VT · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $73K |
| Total Expenses | $88K |
| Program Spending | 80% |
| Net Assets | $4K |
| Transparency Score | 65/100 |
Is Jay Peak Chamber Of Commerce Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jay Peak Chamber Of Commerce Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jay Peak Chamber Of Commerce Inc
Jay Peak Chamber Of Commerce Inc (EIN: 208393949) is a nonprofit organization based in Troy, VT, classified under NTEE code S41. The organization reported total revenue of $73K and total assets of $1K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jay Peak Chamber Of Commerce Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jay Peak Chamber Of Commerce Inc is a micro nonprofit that has been operating for 19 years, with 11 years of IRS 990 filings on record (2014–2024). Revenue has grown at a compound annual rate of -3.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $77K |
| Total Expenses | $88K |
| Surplus / Deficit | $-10,374 |
| Total Assets | $5K |
| Total Liabilities | $2K |
| Net Assets | $4K |
| Operating Margin | -13.4% |
| Debt-to-Asset Ratio | 33.2% |
| Months of Reserves | 0.8 months |
Financial Health Grade: C
In 2024, Jay Peak Chamber Of Commerce Inc reported a deficit of $10K with expenses exceeding revenue, holds 0.8 months of operating reserves (limited), has a debt-to-asset ratio of 33.2% (moderate leverage).
Financial Trends
Over 11 years of filings (2014–2024), Jay Peak Chamber Of Commerce Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -21.0% | +5.7% | -64.8% |
| 2023 | -19.3% | -39.2% | +3106.2% |
| 2022 | +18.6% | +23.5% | -96.9% |
| 2021 | +3.9% | +16.0% | -30.8% |
| 2020 | +8.3% | -4.2% | +15.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Jay Peak Chamber Of Commerce Inc with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Jay Peak Chamber Of Commerce Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 33.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based. This is a positive sign for donors, as it means all funds are directed towards the organization's mission and operational costs rather than executive salaries, especially given its modest revenue and asset base.
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 Jay Peak Chamber Of Commerce Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue in 7 out of 10 periods)
- Significant decline in assets over the past decade, from $43,552 in 2015 to $5,488 in 2024
- Fluctuating and often declining revenue streams
Strengths
The following positive indicators were identified for Jay Peak Chamber Of Commerce Inc:
- No reported officer compensation, indicating volunteer leadership and efficient use of funds for personnel
- Generally low liabilities, suggesting responsible debt management
- Long operating history with 11 filings, indicating sustained presence
Frequently Asked Questions about Jay Peak Chamber Of Commerce Inc
Is Jay Peak Chamber Of Commerce Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Jay Peak Chamber Of Commerce Inc (EIN: 208393949) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Jay Peak Chamber Of Commerce Inc spend its money?
Jay Peak Chamber Of Commerce Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jay Peak Chamber Of Commerce Inc tax-deductible?
Jay Peak Chamber Of Commerce Inc is registered as a tax-exempt nonprofit (EIN: 208393949). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Jay Peak Chamber Of Commerce Inc's spending goes to programs?
Jay Peak Chamber Of Commerce Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Jay Peak Chamber Of Commerce Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Jay Peak Chamber Of Commerce Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jay Peak Chamber Of Commerce Inc located?
Jay Peak Chamber Of Commerce Inc is headquartered in Troy, Vermont and files with the IRS under EIN 208393949. It is classified under NTEE code S41.
How many years of IRS 990 filings does Jay Peak Chamber Of Commerce Inc have?
Jay Peak Chamber Of Commerce Inc has 11 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 $73K in total revenue.
Is Jay Peak Chamber Of Commerce Inc. financially stable?
The organization's financial stability appears challenged, as it has reported expenses exceeding revenue in 7 of the last 10 periods, including the most recent 2024 filing where expenses were $87,660 against revenues of $77,286. Its assets have also significantly decreased over time, from $43,552 in 2015 to $5,488 in 2024, suggesting a reliance on past reserves or inconsistent funding.
What is the trend in the organization's assets?
The organization's assets have shown a concerning downward trend over the past decade, decreasing from $43,552 in 2015 to a low of $486 in 2022, before a slight recovery to $5,488 in 2024. This indicates a shrinking financial cushion.
How does the organization manage its liabilities?
The organization generally maintains low liabilities, often reporting $0 or minimal amounts. In the latest 2024 filing, liabilities were $1,820, which is a small fraction of its assets and revenue, suggesting responsible management of debt.
Filing History
IRS 990 filing history for Jay Peak Chamber Of Commerce Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2014–2024), Jay Peak Chamber Of Commerce Inc's revenue has declined by 26.1%, moving from $105K to $77K. Total assets decreased by 86.7% over the same period, from $41K to $5K. Total functional expenses fell by 4.4%, from $92K to $88K. In its most recent filing year (2024), Jay Peak Chamber Of Commerce Inc reported a deficit of $10K, with expenses exceeding revenue. The organization holds $2K in liabilities against $5K in assets (debt-to-asset ratio: 33.2%), resulting in net assets of $4K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $77K | $88K | $5K | $2K | — | — |
| 2023 | $98K | $83K | $16K | $2K | — | View 990 |
| 2022 | $121K | $136K | $486 | $1K | — | View 990 |
| 2021 | $102K | $110K | $16K | $1K | — | — |
| 2020 | $98K | $95K | $23K | $0 | — | View 990 |
| 2019 | $91K | $99K | $19K | $0 | — | View 990 |
| 2018 | $94K | $93K | $28K | $0 | — | — |
| 2017 | $128K | $129K | $26K | $0 | — | View 990 |
| 2016 | $109K | $126K | $27K | $290 | — | View 990 |
| 2015 | $94K | $91K | $44K | $0 | — | View 990 |
| 2014 | $105K | $92K | $41K | $190 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $77K, expenses of $88K, and assets of $5K (revenue -21.0% year-over-year).
- 2023: Revenue of $98K, expenses of $83K, and assets of $16K (revenue -19.3% year-over-year).
- 2022: Revenue of $121K, expenses of $136K, and assets of $486 (revenue +18.6% year-over-year).
- 2021: Revenue of $102K, expenses of $110K, and assets of $16K (revenue +3.9% year-over-year).
- 2020: Revenue of $98K, expenses of $95K, and assets of $23K (revenue +8.3% year-over-year).
- 2019: Revenue of $91K, expenses of $99K, and assets of $19K (revenue -3.7% year-over-year).
- 2018: Revenue of $94K, expenses of $93K, and assets of $28K (revenue -26.5% year-over-year).
- 2017: Revenue of $128K, expenses of $129K, and assets of $26K (revenue +17.4% year-over-year).
- 2016: Revenue of $109K, expenses of $126K, and assets of $27K (revenue +16.7% year-over-year).
- 2015: Revenue of $94K, expenses of $91K, and assets of $44K (revenue -10.4% year-over-year).
- 2014: Revenue of $105K, expenses of $92K, and assets of $41K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jay Peak Chamber Of Commerce Inc:
Data Sources and Methodology
This transparency report for Jay Peak Chamber Of Commerce 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.