Storm Lake Chamber And Development Inc
EIN: 270436116 · Storm Lake, IA · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $214K |
| Total Expenses | $391K |
| Net Assets | $917K |
Is Storm Lake Chamber And Development Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Storm Lake Chamber And Development Inc
Storm Lake Chamber And Development Inc (EIN: 270436116) is a nonprofit organization based in Storm Lake, IA, classified under NTEE code S41. The organization reported total revenue of $214K and total assets of $789K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Storm Lake Chamber And Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Storm Lake Chamber And Development Inc is a small nonprofit that has been operating for 16 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $386K |
| Total Expenses | $391K |
| Surplus / Deficit | $-4,430 |
| Total Assets | $926K |
| Total Liabilities | $9K |
| Net Assets | $917K |
| Operating Margin | -1.1% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 28.5 months |
Financial Health Grade: B
In 2023, Storm Lake Chamber And Development Inc reported a deficit of $4K with expenses exceeding revenue, holds 28.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Storm Lake Chamber And Development Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.8% | +33.8% | -1.4% |
| 2022 | +17.6% | +5.3% | +4.0% |
| 2021 | +0.3% | -2.5% | -6.4% |
| 2020 | -10.2% | -11.6% | +2.0% |
| 2019 | +23.4% | +17.0% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Storm Lake Chamber And Development Inc 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 Storm Lake Chamber And Development Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
Frequently Asked Questions about Storm Lake Chamber And Development Inc
Is Storm Lake Chamber And Development Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Storm Lake Chamber And Development Inc (EIN: 270436116) insufficient data. 0 red flags identified, 0 strengths noted.
How does Storm Lake Chamber And Development Inc spend its money?
Detailed spending breakdown data is not yet available for Storm Lake Chamber And Development Inc. Check back for updated IRS 990 analysis.
Are donations to Storm Lake Chamber And Development Inc tax-deductible?
Storm Lake Chamber And Development Inc is registered as a tax-exempt nonprofit (EIN: 270436116). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Storm Lake Chamber And Development Inc located?
Storm Lake Chamber And Development Inc is headquartered in Storm Lake, Iowa and files with the IRS under EIN 270436116. It is classified under NTEE code S41.
How many years of IRS 990 filings does Storm Lake Chamber And Development Inc have?
Storm Lake Chamber And Development Inc has 14 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 $214K in total revenue.
Filing History
IRS 990 filing history for Storm Lake Chamber And Development Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Storm Lake Chamber And Development Inc's revenue has declined by 4.3%, moving from $404K to $386K. Total assets decreased by 6.5% over the same period, from $991K to $926K. Total functional expenses fell by 2.5%, from $401K to $391K. In its most recent filing year (2023), Storm Lake Chamber And Development Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $9K in liabilities against $926K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $917K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $386K | $391K | $926K | $9K | — | — |
| 2022 | $328K | $292K | $939K | $9K | — | View 990 |
| 2021 | $279K | $277K | $903K | $9K | — | View 990 |
| 2020 | $278K | $284K | $965K | $72K | — | View 990 |
| 2019 | $310K | $322K | $946K | $47K | — | View 990 |
| 2018 | $251K | $275K | $974K | $63K | — | View 990 |
| 2017 | $330K | $293K | $1.0M | $71K | — | View 990 |
| 2016 | $329K | $295K | $954K | $56K | — | View 990 |
| 2015 | $400K | $331K | $906K | $43K | — | View 990 |
| 2014 | $332K | $330K | $864K | $70K | — | View 990 |
| 2013 | $326K | $337K | $987K | $161K | — | View 990 |
| 2012 | $387K | $382K | $1.1M | $216K | — | View 990 |
| 2011 | $436K | $418K | $1.1M | $213K | — | View 990 |
| 2010 | $404K | $401K | $991K | $157K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $386K, expenses of $391K, and assets of $926K (revenue +17.8% year-over-year).
- 2022: Revenue of $328K, expenses of $292K, and assets of $939K (revenue +17.6% year-over-year).
- 2021: Revenue of $279K, expenses of $277K, and assets of $903K (revenue +0.3% year-over-year).
- 2020: Revenue of $278K, expenses of $284K, and assets of $965K (revenue -10.2% year-over-year).
- 2019: Revenue of $310K, expenses of $322K, and assets of $946K (revenue +23.4% year-over-year).
- 2018: Revenue of $251K, expenses of $275K, and assets of $974K (revenue -23.9% year-over-year).
- 2017: Revenue of $330K, expenses of $293K, and assets of $1.0M (revenue +0.4% year-over-year).
- 2016: Revenue of $329K, expenses of $295K, and assets of $954K (revenue -17.8% year-over-year).
- 2015: Revenue of $400K, expenses of $331K, and assets of $906K (revenue +20.5% year-over-year).
- 2014: Revenue of $332K, expenses of $330K, and assets of $864K (revenue +1.7% year-over-year).
- 2013: Revenue of $326K, expenses of $337K, and assets of $987K (revenue -15.7% year-over-year).
- 2012: Revenue of $387K, expenses of $382K, and assets of $1.1M (revenue -11.3% year-over-year).
- 2011: Revenue of $436K, expenses of $418K, and assets of $1.1M (revenue +8.1% year-over-year).
- 2010: Revenue of $404K, expenses of $401K, and assets of $991K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Storm Lake Chamber And Development Inc:
Data Sources and Methodology
This transparency report for Storm Lake Chamber And Development 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.