California Hispanic Chambers of Commerce Foundation (EIN 371561859) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

Julian Canete

Phone

9164442221

Tax Period

2023-01-01 to 2023-12-31

California Hispanic Chambers of Commerce Foundation, founded in 2008, is a small nonprofit in the Education sector that reported $651K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $925K exceeded revenue, resulting in a 42% operating deficit.

Mission

TO CREATE, DEVELOP AND PROVIDE EDUCATION AND ECONOMIC DEVELOPMENT PROGRAMS TO INCREASE ADULT LEADERSHIP FOR THE CALIFORNIA HISPANIC CHAMBERS OF COMMERCE (CHCC) AND FOR MEMBERS OF THE CHCC AND TO PROVIDE SCHOLARSHIP OPPORTUNITIES FOR QUALIFIED STUDENTS TO ATTEND EDUCATIONAL INSTITUTIONS TO STUDY SUBJECTS CONSISTENT WITH THE PURPOSES OF THE CHCC FOUNDATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $524,091

Program Service Revenue $127,079

Investment Income $103

Other Revenue $0

TOTAL REVENUE $651,273

Expense Breakdown

Grants Paid $12,000

Salaries & Benefits $359,417

Fundraising Expenses $0

Program Expenses $811,257

Other Expenses $553,551

TOTAL EXPENSES $924,968

Year-over-Year Comparison

	2023	2022	Change
Revenue	$651,273	$738,171	-0.1%
Expenses	$924,968	$720,727	+0.3%
Net Income	$-273,695	$17,444	-16.7%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$170,196

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIAN CANETE	CEO	30.00	Officer	$0	$23,666	$170,196
OSCAR GARCIA	SR. VICE PRESIDENT	1.00		$0	$22,099	$97,676
GEMA GONZALEZ MACIAS	CHIEF OF STAFF	30.00		$0	$2,992	$56,057
Jose Plascencia	Chairman	3.00	Director	$0	$0	$0
SOPHIA GARCIA	VICE CHAIRWOMAN	1.00	Director	$0	$0	$0
DR JUDY CASTRO	SECRETARY	1.00	Director	$0	$0	$0
RAUL HEMANDEZ	TREASURER	3.00	Director	$0	$0	$0
Gabriela Mello	Director	1.00	Director	$0	$0	$0
Rick Noguiera	Director	1.00	Director	$0	$0	$0
SUZANNA AGUILERA MARRERO	Director	1.00	Director	$0	$0	$0
David Betancourt	Director	1.00	Director	$0	$0	$0
Dennis King	Director	1.00	Director	$0	$0	$0
DAVID ALANIS	Director	1.00	Director	$0	$0	$0
Ray Vasquez	Director	1.00	Director	$0	$0	$0
Lawrence Garcia	Director	1.00	Director	$0	$0	$0
Maria Urena	Director	1.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$651,273	$924,968	$344,010	$-273,695
2022	$738,171	$720,727	$564,879	$17,444
2021	$662,690	$627,035	$355,179	$35,655
2020	$551,529	$491,156	$394,915	$60,373
2020	$551,529	$491,256	$394,915	$60,273
2019	$568,116	$575,125	$203,039	$-7,009
2018	$219,480	$247,923	$101,460	$-28,443

California Hispanic Chambers of Commerce Foundation