Lavernia Chamber Of Commerce
EIN: 741381802 · La Vernia, TX
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $38K |
| Net Assets | $228K |
Is Lavernia 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 Lavernia Chamber Of Commerce
Lavernia Chamber Of Commerce (EIN: 741381802) is a nonprofit organization based in La Vernia, TX. The organization reported total revenue of $1.2M and total assets of $266K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lavernia Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lavernia Chamber Of Commerce is a mid-size nonprofit that has been operating for 75 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $55K |
| Total Expenses | $38K |
| Surplus / Deficit | +$17K |
| Total Assets | $326K |
| Total Liabilities | $98K |
| Net Assets | $228K |
| Operating Margin | 30.8% |
| Debt-to-Asset Ratio | 30.1% |
| Months of Reserves | 103.6 months |
Financial Health Grade: A
In 2022, Lavernia Chamber Of Commerce reported a surplus of $17K with revenue exceeding expenses, holds 103.6 months of operating reserves (strong position), has a debt-to-asset ratio of 30.1% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), Lavernia Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +55.9% | +36.8% | +3.9% |
| 2021 | -9.6% | -52.8% | +-0.0% |
| 2020 | -40.0% | -18.0% | -6.1% |
| 2019 | +167.0% | +27.2% | -6.0% |
| 2018 | -48.4% | +14.5% | -8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1951 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lavernia 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 Lavernia 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $17K, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.1%.
Frequently Asked Questions about Lavernia Chamber Of Commerce
Is Lavernia Chamber Of Commerce a legitimate charity?
Lavernia Chamber Of Commerce (EIN: 741381802) is a registered tax-exempt nonprofit based in Texas. It has 12 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. Financial health grade: A.
How does Lavernia Chamber Of Commerce spend its money?
Lavernia Chamber Of Commerce reported $1.2M in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lavernia Chamber Of Commerce tax-deductible?
Lavernia Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 741381802). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lavernia Chamber Of Commerce located?
Lavernia Chamber Of Commerce is headquartered in La Vernia, Texas and files with the IRS under EIN 741381802.
How many years of IRS 990 filings does Lavernia Chamber Of Commerce have?
Lavernia Chamber Of Commerce has 12 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 $1.2M in total revenue.
Filing History
IRS 990 filing history for Lavernia Chamber Of Commerce showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Lavernia Chamber Of Commerce's revenue has grown by 80.6%, moving from $30K to $55K. Total assets increased by 0.9% over the same period, from $323K to $326K. Total functional expenses rose by 22.2%, from $31K to $38K. In its most recent filing year (2022), Lavernia Chamber Of Commerce reported a surplus of $17K, with revenue exceeding expenses. The organization holds $98K in liabilities against $326K in assets (debt-to-asset ratio: 30.1%), resulting in net assets of $228K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $55K | $38K | $326K | $98K | — | View 990 |
| 2021 | $35K | $28K | $314K | $103K | — | View 990 |
| 2020 | $39K | $58K | $314K | $110K | — | — |
| 2019 | $64K | $71K | $334K | $111K | — | View 990 |
| 2018 | $24K | $56K | $355K | $125K | — | View 990 |
| 2017 | $47K | $49K | $387K | $130K | — | View 990 |
| 2016 | $45K | $58K | $392K | $133K | — | View 990 |
| 2015 | $90K | $134K | $414K | $142K | — | View 990 |
| 2014 | $36K | $39K | $316K | $0 | — | View 990 |
| 2013 | $72K | $43K | $324K | $0 | — | View 990 |
| 2012 | $50K | $43K | $311K | $17K | — | View 990 |
| 2011 | $30K | $31K | $323K | $35K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $55K, expenses of $38K, and assets of $326K (revenue +55.9% year-over-year).
- 2021: Revenue of $35K, expenses of $28K, and assets of $314K (revenue -9.6% year-over-year).
- 2020: Revenue of $39K, expenses of $58K, and assets of $314K (revenue -40.0% year-over-year).
- 2019: Revenue of $64K, expenses of $71K, and assets of $334K (revenue +167.0% year-over-year).
- 2018: Revenue of $24K, expenses of $56K, and assets of $355K (revenue -48.4% year-over-year).
- 2017: Revenue of $47K, expenses of $49K, and assets of $387K (revenue +4.3% year-over-year).
- 2016: Revenue of $45K, expenses of $58K, and assets of $392K (revenue -50.4% year-over-year).
- 2015: Revenue of $90K, expenses of $134K, and assets of $414K (revenue +153.9% year-over-year).
- 2014: Revenue of $36K, expenses of $39K, and assets of $316K (revenue -50.7% year-over-year).
- 2013: Revenue of $72K, expenses of $43K, and assets of $324K (revenue +44.6% year-over-year).
- 2012: Revenue of $50K, expenses of $43K, and assets of $311K (revenue +65.5% year-over-year).
- 2011: Revenue of $30K, expenses of $31K, and assets of $323K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lavernia Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Lavernia 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.