VALLEY INDUSTRY & COMMERCE ASSOCIATION

EIN: 237182039

VAN NUYS, CA

Total Revenue
$1,478,054
Total Expenses
$1,486,700
Total Assets
$261,876
Net Assets
$108,665
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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
CA
Principal Officer
STUART WALDMAN
Phone
8188170545
Tax Period
2024-01-01 to 2024-12-31

VALLEY INDUSTRY & COMMERCE ASSOCIATION, founded in 1949, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF THE VALLEY INDUSTRY & COMMERCE ASSOCIATION IS TO ENHANCE THE ECONOMIC VITALITY OF THE GREATER SAN FERNANDO VALLEY REGION BY ADVOCATING FOR A BETTER BUSINESS CLIMATE AND QUALITY OF LIFE.

Program Service Accomplishments

Program 1
Expenses: $79,317 Revenue: $122,304

THE VICA BUSINESS FORECAST CONFERENCE IS A UNIQUE OPPORTUNITY FOR THE VALLEY'S BUSINESS COMMUNITY TO INFLUENCE THE LEGISLATIVE PROCESS IN ORDER TO PROMOTE VICA'S MISSION OF ADVOCATING FOR A BETTER...

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THE VICA BUSINESS FORECAST CONFERENCE IS A UNIQUE OPPORTUNITY FOR THE VALLEY'S BUSINESS COMMUNITY TO INFLUENCE THE LEGISLATIVE PROCESS IN ORDER TO PROMOTE VICA'S MISSION OF ADVOCATING FOR A BETTER BUSINESS CLIMATE AND QUALITY OF LIFE. IT IS ALSO AN OPPORTUNITY FOR VICA MEMBERS AND OTHER BUSINESS LEADERS TO LEARN ABOUT PUBLIC POLICY ISSUES THAT DIRECTLY IMPACT THE BUSINESS CLIMATE. THE CONFERENCE ALSO SERVES AS THE PLACE FOR AN ECONOMIC FORECAST AT THE NATIONAL, STATE AND LOCAL LEVELS. THE CONFERENCE ATTENDEES LOOK AT TREND PROJECTIONS TO SEE WHERE THE VALLEY CAN EXPECT THE ECONOMY TO BE IN THE NEXT YEAR. THE CONFERENCE FOCUSES ON ISSUES SUCH AS WORKFORCE EDUCATION, MOBILITY, CLIMATE CHANGE, LAND USE, LOBBYING AND THE WAY UPCOMING ELECTIONS WOULD IMPACT THE BUSINESS CLIMATE.

Program 2
Expenses: $75,337 Revenue: $103,562

THE VICA SAN FERNANDO HALL OF FAME DINNER IS AN OPPORTUNITY TO PROMOTE OUR MISSION OF A BETTER BUSINESS CLIMATE AND QUALITY OF LIFE, BY HIGHLIGHTING THE DISTINGUISHED SET OF BUSINESSES AND BUSINESS...

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THE VICA SAN FERNANDO HALL OF FAME DINNER IS AN OPPORTUNITY TO PROMOTE OUR MISSION OF A BETTER BUSINESS CLIMATE AND QUALITY OF LIFE, BY HIGHLIGHTING THE DISTINGUISHED SET OF BUSINESSES AND BUSINESS LEADERS WHO ALSO BELIEVE IN THE MISSION OF VICA TO PROMOTE A BETTER BUSINESS CLIMATE AND LIFE. THIS EVENT CELEBRATES THE SAN FERNANDO VALLEY'S UNIQUE BUSINESS COMMUNITY AND FORMALLY RECOGNIZE THOSE ENTITIES AND INDIVIDUALS THAT HAVE MADE THE VALLEY WHAT IT IS TODAY - A VIBRANT AND DIVERSE PLACE TO RUN A BUSINESS AND RAISE A FAMILY. THIS EVENT CELEBRATES THE ECONOMIC VITALITY OF THE VALLEY, PROMOTES CHANGE AND A WAY TO CHERISH THOSE WHO HAVE ALREADY FORGED AHEAD TO MAKE THE VALLEY A BETTER PLACE TO LIVE AND WORK.

Program 3
Expenses: $40,611 Revenue: $62,628

THE VICA ANNUAL MEETING WORKS TO HELP PROMOTE VICA'S MISSION AS WELL AS TO SERVE A REQUIREMENT OF VICA'S BY-LAWS. THE ANNUAL MEETING SERVES AS THE FINAL BOARD MEETING OF THE YEAR AND PROVIDES THE...

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THE VICA ANNUAL MEETING WORKS TO HELP PROMOTE VICA'S MISSION AS WELL AS TO SERVE A REQUIREMENT OF VICA'S BY-LAWS. THE ANNUAL MEETING SERVES AS THE FINAL BOARD MEETING OF THE YEAR AND PROVIDES THE LOCATION FOR THE ELECTION OF THE NEXT YEAR'S BOARD OF DIRECTORS AND OFFICERS. INDIVIDUALS WHO HAVE MADE A DIFFERENCE BOTH AT VICA AND IN THE COMMUNITY, AND A COMPANY WHICH HAS SHOWN EXCELLENCE IN TRYING TO MAKE THE COMMUNITY A BETTER PLACE TO LIVE ARE HONORED DURING THIS MEETING. THE FINAL PORTION OF THE EVENT GIVES VICA'S MEMBERS THE OPPORTUNITY TO HEAR FROM HIGH RANKING STATE OFFICIALS ON WHAT THEY THINK OF THE BUSINESS CLIMATE.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $600,929
Program Service Revenue $875,930
Investment Income $1,195
Other Revenue $0
TOTAL REVENUE $1,478,054

Expense Breakdown

Grants Paid $0
Salaries & Benefits $655,934
Fundraising Expenses $0
Program Expenses $489,980
Other Expenses $830,766
TOTAL EXPENSES $1,486,700

Year-over-Year Comparison

2024 2023 Change
Revenue $1,478,054 $1,360,772 +0.1%
Expenses $1,486,700 $1,621,749 -0.1%
Net Income $-8,646 $-260,977 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
79
Independent Members
79
Employees
7
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$318,500
Total Directors
79
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINE AGHASSI DIRECTOR 0.00
Director
$0 $0 $0
MARK DAVIS EXECUTIVE CMTE 2.00
Director
$0 $0 $0
FRED GAINES PAST CHAIRMAN 4.00
Director
$0 $0 $0
LISA GRITZNER PAST CHAIRMAN 4.00
Director
$0 $0 $0
ROBYN HINES DIRECTOR 0.00
Director
$0 $0 $0
DAVID GOLDBERG DIRECTOR 0.00
Director
$0 $0 $0
DEANE LEAVENWORTH EXECUTIVE CMTE 2.00
Director
$0 $0 $0
VICTOR BERRELLEZ EXECUTIVE CMTE 2.00
Director
$0 $0 $0
BARRY COHN DIRECTOR 0.00
Director
$0 $0 $0
DAVID GERSHWIN DIRECTOR 0.00
Director
$0 $0 $0
JEFF MCCONNELL EXECUTIVE CMTE 2.00
Director
$0 $0 $0
COBY KING PAST CHAIRMAN 4.00
Director
$0 $0 $0
ROSS PENDERGRAFT EXECUTIVE CMTE 2.00
Director
$0 $0 $0
TED MEKURIA DIRECTOR 0.00
Director
$0 $0 $0
SANDY SANCHEZ DIRECTOR 0.00
Director
$0 $0 $0
CRAIG LALLY DIRECTOR 0.00
Director
$0 $0 $0
JOSH GERTLER DIRECTOR 0.00
Director
$0 $0 $0
STEPHEN SAWYER DIRECTOR 0.00
Director
$0 $0 $0
SCOTT MILLS DIRECTOR 0.00
Director
$0 $0 $0
LAYNE LAWSON DIRECTOR 0.00
Director
$0 $0 $0
PETER NADAN DIRECTOR 0.00
Director
$0 $0 $0
JOSEPH RAMALLO DIRECTOR 0.00
Director
$0 $0 $0
CAMERON ONUMAH EXECUTIVE CMTE 2.00
Director
$0 $0 $0
LISA PITNEY DIRECTOR 0.00
Director
$0 $0 $0
JACK RUBENS DIRECTOR 0.00
Director
$0 $0 $0
MICHAEL RABIN DIRECTOR 0.00
Director
$0 $0 $0
BRAD ROSENHEIM PAST CHAIRMAN 4.00
Director
$0 $0 $0
LUPITA SANCHEZ CORNEJO EXECUTIVE CMTE 2.00
Director
$0 $0 $0
MATTHEW SWEARMAN EXECUTIVE CMTE 2.00
Director
$0 $0 $0
SARAH SHEEHY EXECUTIVE CMTE 2.00
Director
$0 $0 $0
ROSS HOPKINS PAST CHAIRMAN 4.00
Director
$0 $0 $0
CLAY LACY DIRECTOR 0.00
Director
$0 $0 $0
STEVE LEW PAST CHAIRMAN 4.00
Director
$0 $0 $0
GREG LIPPE PAST CHAIRMAN 4.00
Director
$0 $0 $0
JESSICA MAUSE DIRECTOR 0.00
Director
$0 $0 $0
SANFORD PARIS PAST CHAIRMAN 4.00
Director
$0 $0 $0
RUBEN ZARAGOZA DIRECTOR 0.00
Director
$0 $0 $0
WALTER MOSHER PAST CHAIRMAN 4.00
Director
$0 $0 $0
STUART SOLOMON PAST CHAIRMAN 4.00
Director
$0 $0 $0
DERRICK ALATORRE DIRECTOR 0.00
Director
$0 $0 $0
MARIA CAMACHO DIRECTOR 0.00
Director
$0 $0 $0
BARRY GRIBBONS DIRECTOR 0.00
Director
$0 $0 $0
WINSTON STROMBERG DIRECTOR 0.00
Director
$0 $0 $0
JAMES THEIRING EXECUTIVE CMTE 2.00
Director
$0 $0 $0
PEGI MATSUDA DIRECTOR 1.00
Director
$0 $0 $0
ROBERT BROWN DIRECTOR 0.00
Director
$0 $0 $0
ARMANDO FLORES DIRECTOR 0.00
Director
$0 $0 $0
PAMELA MARCELLO DIRECTOR 0.00
Director
$0 $0 $0
CARLO PORCELLI DIRECTOR 0.00
Director
$0 $0 $0
DARNELL TYLER EXECUTIVE CMTE 2.00
Director
$0 $0 $0
FRANCISCO URIBE EXECUTIVE CMTE 2.00
Director
$0 $0 $0
SUSANNE PASSANTINO DIRECTOR 0.00
Director
$0 $0 $0
MIRI ROSSITTO DIRECTOR 0.00
Director
$0 $0 $0
MURTAZA SANWARI DIRECTOR 0.00
Director
$0 $0 $0
TINA SHABANIAN DIRECTOR 0.00
Director
$0 $0 $0
KEVIN TAMAKI PAST CHAIRMAN 4.00
Director
$0 $0 $0
ROBERTO BARRAGAN DIRECTOR 0.00
Director
$0 $0 $0
MATTHEW BUCK DIRECTOR 0.00
Director
$0 $0 $0
JORDAN DUKE EXECUTIVE CMTE 2.00
Director
$0 $0 $0
JAMES GARRISON DIRECTOR 0.00
Director
$0 $0 $0
MARICELA GOMEZ DIRECTOR 0.00
Director
$0 $0 $0
GABRIEL HUNGERFORD DIRECTOR 0.00
Director
$0 $0 $0
CHRIS MCCALL DIRECTOR 0.00
Director
$0 $0 $0
SHEFALI MISTRY DIRECTOR 0.00
Director
$0 $0 $0
ARMIDA ORNELAS DIRECTOR 0.00
Director
$0 $0 $0
CARISSA SMITH DIRECTOR 0.00
Director
$0 $0 $0
ELNIE VANNATIM DIRECTOR 0.00
Director
$0 $0 $0
TERRY WALKER DIRECTOR 0.00
Director
$0 $0 $0
ELIZABETH DE CARTERET DIRECTOR 0.00
Director
$0 $0 $0
JENNIFER LOEW DIRECTOR 0.00
Director
$0 $0 $0
JOAQUIN MACIAS DIRECTOR 0.00
Director
$0 $0 $0
STEPHANIE MOLEN DIRECTOR 0.00
Director
$0 $0 $0
BERNARD PARKS JR DIRECTOR 0.00
Director
$0 $0 $0
TONY PENNAY DIRECTOR 0.00
Director
$0 $0 $0
RICK RIVAS DIRECTOR 0.00
Director
$0 $0 $0
PATTY SENECAL DIRECTOR 0.00
Director
$0 $0 $0
ROCHELLE SILSBEE DIRECTOR 0.00
Director
$0 $0 $0
BRISSA SOTELO-VARGAS DIRECTOR 0.00
Director
$0 $0 $0
SONYA BLAKE DIRECTOR 0.00
Director
$0 $0 $0
STUART WALDMAN PRESIDENT/CEO 40.00
Officer
$189,655 $3,845 $193,500
JESSICA YASUKOCHI VICE PRESIDENT 40.00
Officer
$125,000 $0 $125,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,478,054 $1,486,700 $261,876 $-8,646
2023 $1,360,772 $1,621,749 $263,309 $-260,977
2022 $1,248,662 $1,160,092 $523,122 $88,570
2021 $1,349,483 $1,222,399 $438,218 $127,084
2020 $1,143,164 $1,172,025 $411,867 $-28,861
2019 $1,233,368 $1,224,919 $191,495 $8,449
2018 $1,210,709 $1,220,303 $183,046 $-9,594
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