Merrill Area Chamber Of Commerce Foundation Inc
Merrill Area Chamber Of Commerce Foundation Inc. shows fluctuating revenue and expenses, with no reported officer compensation.
EIN: 201891431 · Merrill, WI · NTEE: N32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $132K |
| Total Expenses | $75K |
| Program Spending | 70% |
| Net Assets | $99K |
| Transparency Score | 75/100 |
Is Merrill Area Chamber Of Commerce Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Merrill Area Chamber Of Commerce Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Merrill Area Chamber Of Commerce Foundation Inc
Merrill Area Chamber Of Commerce Foundation Inc (EIN: 201891431) is a nonprofit organization based in Merrill, WI, classified under NTEE code N32. The organization reported total revenue of $132K and total assets of $202K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Merrill Area Chamber Of Commerce Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Merrill Area Chamber Of Commerce Foundation Inc is a small nonprofit that has been operating for 21 years, with 3 years of IRS 990 filings on record (2018–2022). Revenue has grown at a compound annual rate of -16.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $45K |
| Total Expenses | $75K |
| Surplus / Deficit | $-30,157 |
| Total Assets | $99K |
| Net Assets | $99K |
| Operating Margin | -67.1% |
| Months of Reserves | 15.8 months |
Financial Health Grade: B
In 2022, Merrill Area Chamber Of Commerce Foundation Inc reported a deficit of $30K with expenses exceeding revenue, holds 15.8 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2018–2022), Merrill Area Chamber Of Commerce Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -16.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -42.1% | +124.0% | -23.4% |
| 2021 | -14.7% | -72.3% | -62.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Merrill Area Chamber Of Commerce Foundation Inc with a Mission Score of 75 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, Merrill Area Chamber Of Commerce Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $30K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation, which is positive for minimizing overhead.
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 Merrill Area Chamber Of Commerce Foundation Inc's IRS 990 filings:
- Inconsistent revenue and expense patterns, with expenses exceeding revenue in two of the three reported periods (2018 and 2022), indicating potential reliance on reserves.
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in the provided summary data makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Merrill Area Chamber Of Commerce Foundation Inc:
- No reported officer compensation across all filings, suggesting a volunteer-driven or highly efficient executive structure.
- No reported liabilities in any filing, indicating strong financial management and no outstanding debt.
- Maintained a healthy asset base, reaching $201,693 in the latest period, providing financial stability.
Frequently Asked Questions about Merrill Area Chamber Of Commerce Foundation Inc
Is Merrill Area Chamber Of Commerce Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Merrill Area Chamber Of Commerce Foundation Inc (EIN: 201891431) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Merrill Area Chamber Of Commerce Foundation Inc spend its money?
Merrill Area Chamber Of Commerce Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Merrill Area Chamber Of Commerce Foundation Inc tax-deductible?
Merrill Area Chamber Of Commerce Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201891431). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Merrill Area Chamber Of Commerce Foundation Inc's spending goes to programs?
Merrill Area Chamber Of Commerce Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Merrill Area Chamber Of Commerce Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Merrill Area Chamber Of Commerce Foundation Inc is above average for NTEE category N32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Merrill Area Chamber Of Commerce Foundation Inc located?
Merrill Area Chamber Of Commerce Foundation Inc is headquartered in Merrill, Wisconsin and files with the IRS under EIN 201891431. It is classified under NTEE code N32.
How many years of IRS 990 filings does Merrill Area Chamber Of Commerce Foundation Inc have?
Merrill Area Chamber Of Commerce Foundation Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $132K in total revenue.
How does the organization manage its budget during years when expenses exceed revenue?
In periods like 2022, where expenses ($75,083) significantly exceeded revenue ($44,926), the organization likely utilized its accumulated assets, which were $98,702 at the end of that period, to cover the deficit.
What specific programs does the Merrill Area Chamber Of Commerce Foundation Inc. operate?
Based on its NTEE code (N32 - Chambers of Commerce) and name, the organization likely focuses on initiatives supporting local businesses, economic development, and community engagement in the Merrill area, though specific program details are not available in the provided data.
What caused the significant revenue increase to $132,470 in the latest period?
The provided data does not specify the reasons for the revenue increase, but it could be due to successful fundraising campaigns, increased membership dues, or specific grants received in that period.
Filing History
IRS 990 filing history for Merrill Area Chamber Of Commerce Foundation Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2018–2022), Merrill Area Chamber Of Commerce Foundation Inc's revenue has declined by 50.6%, moving from $91K to $45K. Total assets decreased by 71.2% over the same period, from $342K to $99K. Total functional expenses fell by 37.9%, from $121K to $75K. In its most recent filing year (2022), Merrill Area Chamber Of Commerce Foundation Inc reported a deficit of $30K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $45K | $75K | $99K | $0 | — | — |
| 2021 | $78K | $34K | $129K | $0 | — | View 990 |
| 2018 | $91K | $121K | $342K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $45K, expenses of $75K, and assets of $99K (revenue -42.1% year-over-year).
- 2021: Revenue of $78K, expenses of $34K, and assets of $129K (revenue -14.7% year-over-year).
- 2018: Revenue of $91K, expenses of $121K, and assets of $342K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Merrill Area Chamber Of Commerce Foundation Inc:
Data Sources and Methodology
This transparency report for Merrill Area Chamber Of Commerce Foundation 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.