River Valley Chamber Of Commerce

River Valley Chamber Of Commerce operates on a modest budget with no officer compensation, consistently breaking even.

EIN: 10241354 · Rumford, ME · Updated: 2026-03-28

$68KRevenue

$26KAssets

85/100Mission Score (Excellent)

About River Valley Chamber Of Commerce

River Valley Chamber Of Commerce (EIN: 10241354) is a nonprofit organization based in Rumford, ME. The organization reported total revenue of $68K and total assets of $26K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of River Valley Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The River Valley Chamber Of Commerce demonstrates consistent financial activity, with revenues and expenses generally in a similar range over the past decade. In the latest filing (202406), the organization reported revenue of $51,486 against expenses of $51,097, indicating a near break-even operation. Assets have shown some fluctuation but generally remain modest, with $37,618 reported in 202406. The organization consistently reports 0% officer compensation, which is a positive indicator of volunteer leadership and efficient use of funds for its stated purpose.

Spending efficiency appears to be reasonable given the nature of a chamber of commerce, which typically focuses on community and business support rather than direct program delivery in the traditional sense. The consistent reporting of minimal liabilities and the absence of officer compensation suggest a fiscally conservative approach. However, without a detailed breakdown of expenses beyond the summary 990-EZ data, it's challenging to precisely assess the allocation between program, administrative, and fundraising costs.

Transparency is high regarding executive compensation, as it consistently reports no officer compensation. The consistent filing of IRS Form 990-EZ over many years also indicates a commitment to regulatory compliance. While the NTEE code is unknown, which can sometimes hinder categorization, the organization's name clearly defines its purpose. The modest asset base and consistent operational scale suggest a focus on immediate community benefit rather than significant asset accumulation.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates River Valley 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, River Valley 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 the organization is led by volunteers or compensated staff whose roles do not fall under officer compensation, which is highly efficient for an organization of its size.

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 River Valley Chamber Of Commerce's IRS 990 filings:

NTEE Code Unknown (limits detailed categorization)

Strengths

The following positive indicators were identified for River Valley Chamber Of Commerce:

Consistent 0% officer compensation
Stable financial operations with revenues generally covering expenses
Low liabilities reported in recent years (e.g., $748 in 202406)
Long history of IRS 990 filings demonstrating compliance

Frequently Asked Questions about River Valley Chamber Of Commerce

Is River Valley Chamber Of Commerce financially stable?

Yes, the organization appears financially stable, consistently managing its expenses within its revenue, as seen in the 202406 filing where revenue was $51,486 and expenses were $51,097. Assets are modest but consistent with its operational scale.

How does River Valley Chamber Of Commerce use its funds?

Based on the consistent 0% officer compensation and the nature of a chamber of commerce, funds are primarily used for operational expenses related to supporting local businesses and community initiatives. Without detailed expense breakdowns, specific program vs. administrative spending is estimated.

Does River Valley Chamber Of Commerce pay its executives?

No, the IRS 990 filings consistently report 0% officer compensation, indicating that the organization's officers are not compensated.

What is the trend in the organization's revenue?

Revenue has fluctuated over the past decade, ranging from a low of $32,597 in 202106 to a high of $59,107 in 202206, and $51,486 in the latest 202406 period. It generally operates within a $30,000-$60,000 range.

Filing History

IRS 990 filing history for River Valley Chamber Of Commerce showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), River Valley Chamber Of Commerce's revenue has grown by 82.7%, moving from $28K to $51K. Total assets increased by 110.5% over the same period, from $18K to $38K. Total functional expenses rose by 53.6%, from $33K to $51K. In its most recent filing year (2024), River Valley Chamber Of Commerce reported a surplus of $389, with revenue exceeding expenses. The organization holds $748 in liabilities against $38K in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $37K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$51K	$51K	$38K	$748	—	—
2023	$57K	$49K	$37K	$848	—	View 990
2022	$59K	$40K	$29K	$347	—	View 990
2021	$33K	$33K	$19K	$10K	—	View 990
2020	$38K	$44K	$16K	$6K	—	View 990
2019	$45K	$51K	$20K	$4K	—	View 990
2018	$43K	$45K	$24K	$2K	—	View 990
2017	$42K	$46K	$25K	$587	—	View 990
2016	$39K	$39K	$28K	$591	—	View 990
2015	$37K	$31K	$32K	$6K	—	View 990
2014	$57K	$53K	$28K	$8K	—	View 990
2013	$14K	$31K	$18K	$519	—	View 990
2012	$49K	$33K	$34K	$222	—	View 990
2011	$28K	$33K	$18K	$271	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $51K, expenses of $51K, and assets of $38K (revenue -9.8% year-over-year).
2023: Revenue of $57K, expenses of $49K, and assets of $37K (revenue -3.4% year-over-year).
2022: Revenue of $59K, expenses of $40K, and assets of $29K (revenue +81.3% year-over-year).
2021: Revenue of $33K, expenses of $33K, and assets of $19K (revenue -13.3% year-over-year).
2020: Revenue of $38K, expenses of $44K, and assets of $16K (revenue -15.9% year-over-year).
2019: Revenue of $45K, expenses of $51K, and assets of $20K (revenue +4.3% year-over-year).
2018: Revenue of $43K, expenses of $45K, and assets of $24K (revenue +1.1% year-over-year).
2017: Revenue of $42K, expenses of $46K, and assets of $25K (revenue +7.3% year-over-year).
2016: Revenue of $39K, expenses of $39K, and assets of $28K (revenue +6.8% year-over-year).
2015: Revenue of $37K, expenses of $31K, and assets of $32K (revenue -34.6% year-over-year).
2014: Revenue of $57K, expenses of $53K, and assets of $28K (revenue +292.0% year-over-year).
2013: Revenue of $14K, expenses of $31K, and assets of $18K (revenue -70.7% year-over-year).
2012: Revenue of $49K, expenses of $33K, and assets of $34K (revenue +74.8% year-over-year).
2011: Revenue of $28K, expenses of $33K, and assets of $18K.

Data Sources and Methodology

This transparency report for River Valley 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.