Verona Area Chamber Of Commerce
EIN: 391505610 · Verona, WI · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $700K |
| Total Expenses | $607K |
| Net Assets | $154K |
Is Verona Area 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 Verona Area Chamber Of Commerce
Verona Area Chamber Of Commerce (EIN: 391505610) is a nonprofit organization based in Verona, WI, classified under NTEE code S41. The organization reported total revenue of $700K and total assets of $424K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Verona Area Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Verona Area Chamber Of Commerce is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $617K |
| Total Expenses | $607K |
| Surplus / Deficit | +$9K |
| Total Assets | $418K |
| Total Liabilities | $265K |
| Net Assets | $154K |
| Operating Margin | 1.5% |
| Debt-to-Asset Ratio | 63.3% |
| Months of Reserves | 8.3 months |
Financial Health Grade: A
In 2023, Verona Area Chamber Of Commerce reported a surplus of $9K with revenue exceeding expenses, holds 8.3 months of operating reserves (strong position), has a debt-to-asset ratio of 63.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Verona Area Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 12.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.2% | +19.4% | +12.7% |
| 2022 | +69.6% | +26.0% | -1.7% |
| 2021 | -44.3% | -3.6% | -27.2% |
| 2020 | +3.1% | -17.2% | +17.3% |
| 2019 | +15.7% | +39.8% | +5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Verona Area 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 Verona Area 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 63.3%.
Frequently Asked Questions about Verona Area Chamber Of Commerce
Is Verona Area Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Verona Area Chamber Of Commerce (EIN: 391505610) insufficient data. 0 red flags identified, 0 strengths noted.
How does Verona Area Chamber Of Commerce spend its money?
Detailed spending breakdown data is not yet available for Verona Area Chamber Of Commerce. Check back for updated IRS 990 analysis.
Are donations to Verona Area Chamber Of Commerce tax-deductible?
Verona Area Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 391505610). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Verona Area Chamber Of Commerce located?
Verona Area Chamber Of Commerce is headquartered in Verona, Wisconsin and files with the IRS under EIN 391505610. It is classified under NTEE code S41.
How many years of IRS 990 filings does Verona Area Chamber Of Commerce have?
Verona Area Chamber Of Commerce has 13 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 $700K in total revenue.
Filing History
IRS 990 filing history for Verona Area Chamber Of Commerce showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Verona Area Chamber Of Commerce's revenue has grown by 292.4%, moving from $157K to $617K. Total assets increased by 130.7% over the same period, from $181K to $418K. Total functional expenses rose by 308.8%, from $149K to $607K. In its most recent filing year (2023), Verona Area Chamber Of Commerce reported a surplus of $9K, with revenue exceeding expenses. The organization holds $265K in liabilities against $418K in assets (debt-to-asset ratio: 63.3%), resulting in net assets of $154K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $617K | $607K | $418K | $265K | — | — |
| 2022 | $492K | $508K | $371K | $227K | — | View 990 |
| 2021 | $290K | $403K | $377K | $217K | — | View 990 |
| 2020 | $521K | $418K | $519K | $246K | — | — |
| 2019 | $506K | $506K | $442K | $272K | — | View 990 |
| 2018 | $437K | $362K | $421K | $251K | — | View 990 |
| 2017 | $307K | $414K | $353K | $258K | — | View 990 |
| 2016 | $320K | $297K | $423K | $221K | — | View 990 |
| 2015 | $258K | $222K | $405K | $227K | — | View 990 |
| 2014 | $225K | $221K | $422K | $298K | — | View 990 |
| 2013 | $203K | $204K | $418K | $300K | — | View 990 |
| 2012 | $174K | $170K | $424K | $305K | — | View 990 |
| 2011 | $157K | $149K | $181K | $66K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $617K, expenses of $607K, and assets of $418K (revenue +25.2% year-over-year).
- 2022: Revenue of $492K, expenses of $508K, and assets of $371K (revenue +69.6% year-over-year).
- 2021: Revenue of $290K, expenses of $403K, and assets of $377K (revenue -44.3% year-over-year).
- 2020: Revenue of $521K, expenses of $418K, and assets of $519K (revenue +3.1% year-over-year).
- 2019: Revenue of $506K, expenses of $506K, and assets of $442K (revenue +15.7% year-over-year).
- 2018: Revenue of $437K, expenses of $362K, and assets of $421K (revenue +42.2% year-over-year).
- 2017: Revenue of $307K, expenses of $414K, and assets of $353K (revenue -4.0% year-over-year).
- 2016: Revenue of $320K, expenses of $297K, and assets of $423K (revenue +24.3% year-over-year).
- 2015: Revenue of $258K, expenses of $222K, and assets of $405K (revenue +14.6% year-over-year).
- 2014: Revenue of $225K, expenses of $221K, and assets of $422K (revenue +10.7% year-over-year).
- 2013: Revenue of $203K, expenses of $204K, and assets of $418K (revenue +16.9% year-over-year).
- 2012: Revenue of $174K, expenses of $170K, and assets of $424K (revenue +10.5% year-over-year).
- 2011: Revenue of $157K, expenses of $149K, and assets of $181K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Verona Area Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Verona Area 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.