Mt Sterling Montgomery County Chamber Of Commerce

Mt Sterling Montgomery County Chamber Of Commerce maintains stable assets with fluctuating revenues and no officer compensation.

EIN: 202181847 · Mt Sterling, KY · NTEE: S41 · Updated: 2026-03-28

$180KRevenue

$245KAssets

85/100Mission Score (Excellent)

S41

About Mt Sterling Montgomery County Chamber Of Commerce

Mt Sterling Montgomery County Chamber Of Commerce (EIN: 202181847) is a nonprofit organization based in Mt Sterling, KY, classified under NTEE code S41. The organization reported total revenue of $180K and total assets of $245K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mt Sterling Montgomery County Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Mt Sterling Montgomery County Chamber Of Commerce demonstrates consistent financial activity, with revenues fluctuating between approximately $48,950 and $166,198 over the past decade. The organization generally operates with expenses closely aligned to or slightly exceeding revenue in recent years, as seen in 202406 where expenses were $159,294 against revenues of $135,925, and in 202306 with expenses of $180,795 against revenues of $166,198. This indicates a lean operational model, though it also suggests limited capacity for significant reserve building from annual operations. The organization's assets have shown growth over the long term, from $88,220 in 2017 to $249,124 in 2024, indicating some financial stability and asset accumulation. The consistent reporting of 0% officer compensation across all filings is a significant indicator of transparency and a commitment to minimizing administrative overhead related to executive pay, which is a strong positive for a nonprofit of this size.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Mt Sterling Montgomery County Chamber Of Commerce with a Mission Score of 85 out of 100 (Excellent). 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, Mt Sterling Montgomery County Chamber Of Commerce 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.

Executive Compensation Analysis

Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly unusual for an organization of this size and suggests a volunteer-led or very lean operational structure at the leadership level.

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 Mt Sterling Montgomery County Chamber Of Commerce's IRS 990 filings:

Expenses frequently exceed revenue in recent periods (e.g., 202406, 202306), potentially drawing down reserves if sustained.

Strengths

The following positive indicators were identified for Mt Sterling Montgomery County Chamber Of Commerce:

Consistent 0% officer compensation, indicating high efficiency in leadership costs.
Long-term growth in assets, from $88,220 in 2017 to $249,124 in 2024, demonstrating financial resilience.
Consistent filing of IRS Form 990s over 14 periods, indicating strong transparency and compliance.

Frequently Asked Questions about Mt Sterling Montgomery County Chamber Of Commerce

Is the Mt Sterling Montgomery County Chamber Of Commerce financially stable?

Yes, the organization appears financially stable, with assets growing from $88,220 in 2017 to $249,124 in 2024. While recent years show expenses sometimes exceeding revenue, the overall asset base provides a buffer.

How does the organization manage its liabilities?

Liabilities have fluctuated, peaking around $125,198 in 2018 and decreasing to $75,036 in 2024. This indicates active management of debt and obligations relative to its asset base.

What is the trend in the organization's revenue?

Revenue has been inconsistent, ranging from a low of $48,950 in 2017 to a high of $166,198 in 2023. This variability suggests reliance on diverse or fluctuating income streams.

Filing History

IRS 990 filing history for Mt Sterling Montgomery County Chamber Of Commerce showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Mt Sterling Montgomery County Chamber Of Commerce's revenue has grown by 70.9%, moving from $80K to $136K. Total assets increased by 131.8% over the same period, from $107K to $249K. Total functional expenses rose by 129.9%, from $69K to $159K. In its most recent filing year (2024), Mt Sterling Montgomery County Chamber Of Commerce reported a deficit of $23K, with expenses exceeding revenue. The organization holds $75K in liabilities against $249K in assets (debt-to-asset ratio: 30.1%), resulting in net assets of $174K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$136K	$159K	$249K	$75K	—	—
2023	$166K	$181K	$279K	$82K	—	View 990
2022	$139K	$120K	$298K	$86K	—	View 990
2021	$100K	$49K	$285K	$92K	—	View 990
2020	$126K	$111K	$236K	$94K	—	View 990
2019	$147K	$115K	$226K	$99K	—	View 990
2018	$95K	$88K	$220K	$125K	—	View 990
2017	$49K	$93K	$88K	$198	—	View 990
2016	$130K	$104K	$133K	$237	—	View 990
2015	$97K	$87K	$107K	$17	—	View 990
2014	$86K	$100K	$97K	$0	—	View 990
2013	$82K	$86K	$110K	$0	—	View 990
2012	$75K	$67K	$115K	$0	—	View 990
2011	$80K	$69K	$107K	$0	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $136K, expenses of $159K, and assets of $249K (revenue -18.2% year-over-year).
2023: Revenue of $166K, expenses of $181K, and assets of $279K (revenue +19.6% year-over-year).
2022: Revenue of $139K, expenses of $120K, and assets of $298K (revenue +38.7% year-over-year).
2021: Revenue of $100K, expenses of $49K, and assets of $285K (revenue -20.3% year-over-year).
2020: Revenue of $126K, expenses of $111K, and assets of $236K (revenue -14.2% year-over-year).
2019: Revenue of $147K, expenses of $115K, and assets of $226K (revenue +54.5% year-over-year).
2018: Revenue of $95K, expenses of $88K, and assets of $220K (revenue +93.8% year-over-year).
2017: Revenue of $49K, expenses of $93K, and assets of $88K (revenue -62.3% year-over-year).
2016: Revenue of $130K, expenses of $104K, and assets of $133K (revenue +33.3% year-over-year).
2015: Revenue of $97K, expenses of $87K, and assets of $107K (revenue +13.0% year-over-year).
2014: Revenue of $86K, expenses of $100K, and assets of $97K (revenue +5.6% year-over-year).
2013: Revenue of $82K, expenses of $86K, and assets of $110K (revenue +9.3% year-over-year).
2012: Revenue of $75K, expenses of $67K, and assets of $115K (revenue -6.0% year-over-year).
2011: Revenue of $80K, expenses of $69K, and assets of $107K.

Data Sources and Methodology

This transparency report for Mt Sterling Montgomery County 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.