CALIFORNIA ASIAN PACIFIC CHAMBER O… - Form 990 Financial Data

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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

2009

Legal Domicile

Principal Officer

PAT FONG KUSHIDA

Phone

9164467883

Tax Period

2023-01-01 to 2023-12-31

CALIFORNIA ASIAN PACIFIC CHAMBER OF COMMERCE, founded in 2009, is a community nonprofit in the Community Improvement sector that reported $4.2M in total revenue in fiscal year 2023. The organization ran a surplus of $750K, a strong 18% operating margin.

Mission

TO ADVANCE STATEWIDE ECONOMIC DEVELOPMENT STRATEGIES THROUGH PUBLIC AND PRIVATE PARTNERSHIPS, STRONG ADVOCACY EFFORTS AND BY PROVIDING RESOURCES IN OUR LOCAL COMMUNITIES THROUGH A NETWORK OF COMMUNITY-BASED ORGANIZATIONS DEDICATED TO PROVIDING SERVICES AND PROGRAMS THAT HELP OUR ASIAN PACIFIC ISLANDER COMMUNITY THRIVE.

Program Service Accomplishments

Program 1

IN 2023, THE CHAMBER CONTINUED ITS WORK ON 3 FEDERAL GRANTS - ONE WITH THE U.S. DEPARTMENT OF TRANSPORTATION, ONE WITH THE U.S. DEPARTMENT OF COMMERCE, AND ONE WITH THE NORCAL SBDC NETWORK - AND...

IN 2023, THE CHAMBER CONTINUED ITS WORK ON 3 FEDERAL GRANTS - ONE WITH THE U.S. DEPARTMENT OF TRANSPORTATION, ONE WITH THE U.S. DEPARTMENT OF COMMERCE, AND ONE WITH THE NORCAL SBDC NETWORK - AND BEGAN WORK ON A NEW GRANT WITH THE U.S. DEPT OF COMMERCE. THE MBDA BUSINESS CENTER, WHICH STARTED IN 2021, CONTINUES TO PROVIDE TECHNICAL ASSISTANCE AND BUSINESS SERVICES TO MINORITY BUSINESS ENTERPRISES, AS WELL AS ASSISTING WITH FINANCING AND CONTRACT OPPORTUNITIES, UNDER THE SMALL BUSINESS TRANSPORTATION RESOURCE CENTER (SBTRC). THE CHAMBER ASSISTED SMALL BUSINESSES WITH PROCUREMENT AND BONDING, PROVIDING TECHNICAL ASSISTANCE AND 1-ON-1 CONSULTING TO FIRMS.THE CHAMBER WAS ALSO AWARDED A SEPARATE CONTRACT BY THE STATE OF CALIFORNIA'S GOVERNOR'S OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT (GO-BIZ) UNDER THE SB-TAP PROGRAM TO HELP EXPAND THE SCOPE OF SERVICES OFFERED BY THE CHAMBER'S TECHNICAL ASSISTANCE PROGRAMS. THE SAN JOAQUIN SMALL BUSINESS DEVELOPMENT CENTER (SBDC) STARTED IN 2022, PROVIDING TECHNICAL ASSISTANCE AND CONSULTING SERVICES TO SMALL BUSINESSES IN SAN JOAQUIN COUNTY, ASSISTING WITH ACCESS TO CAPITAL, FINANCING, PROCUREMENT,AND BUSINESS DEVELOPMENT. THE MBDA CAPITAL READINESS PROGRAM (ELECTRIFY CALIFORNIA) STARTED IN 2023, PROVIDING TECHNICAL ASSISTANCE AND ACCESS TO CAPITAL AND FINANCING OPPORTUNITIES FOR MINORITY SMALL BUSINESSES LOOKING TO WORK IN THE ELECTRIFICATION INDUSTRY.

Program 2

THE CHAMBER HOSTED A HIGHLY SUCCESSFUL VIRTUAL LEGISLATIVE SUMMIT THAT BROUGHT TOGETHER STATEWIDE COMMUNITY LEADERS, SMALL BUSINESS OWNERS AND BOTH SIDES OF THE LEGISLATORS TO WORK TOGETHER TO...

THE CHAMBER HOSTED A HIGHLY SUCCESSFUL VIRTUAL LEGISLATIVE SUMMIT THAT BROUGHT TOGETHER STATEWIDE COMMUNITY LEADERS, SMALL BUSINESS OWNERS AND BOTH SIDES OF THE LEGISLATORS TO WORK TOGETHER TO PROMOTE A MORE BUSINESS-FRIENDLY ENVIRONMENT IN THE STATE AND PROMOTE JOBS IN CALIFORNIA. IN ADDITION, THE CHAMBER ALSO HELD A VIRTUAL STATEWIDE POLICY SUMMIT WHICH LOOKED AT KEY ISSUES FACING SMALL BUSINESSES IN CALIFORNIA TODAY.

Program 3

IN 2023, THE CHAMBER HOSTED ITS SECOND ANNUAL CALIFORNIA DIVERSITY AWARDS, IN PARTNERSHIP WITH THE CALIFORNIA HISPANIC AND AFRICAN-AMERICAN CHAMBERS OF COMMERCE. THROUGH A NOMINATION PROCESS, A TOP PUBLIC OFFICIAL AND A CORPORATE BUSINESS RECEIVED AWARDS FOR THEIR DEDICATION AND COMMITMENT TO DIVERSITY, EQUITY, AND INCLUSION (DEI), ADVANCING OPPORTUNITIES IN THE WORKPLACE, CREATING MORE INCLUSIVE POLICIES, AND ENSURING INVESTMENTS IN CALIFORNIA'S DIVERSE COMMUNITIES.

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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 $3,112,507

Program Service Revenue $1,052,367

Investment Income $34,223

Other Revenue $0

TOTAL REVENUE $4,199,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,449,318

TOTAL EXPENSES $3,449,318

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,199,097	$4,026,976	+0.0%
Expenses	$3,449,318	$3,312,997	+0.0%
Net Income	$749,779	$713,979	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHERIN BORG	DIRECTOR	1.00	Director	$0	$0	$0
KARA BUSH	DIRECTOR	0.50	Director	$0	$0	$0
TIM YAMAUCHI	DIRECTOR	1.00	Director	$0	$0	$0
KATHY MCKIM	PAST CHAIR	1.00	Officer Director	$0	$0	$0
JASON CHAN	DIRECTOR	0.50	Director	$0	$0	$0
RENA DAVIS	DIRECTOR	0.50	Director	$0	$0	$0
PETER KENNY	DIRECTOR	0.50	Director	$0	$0	$0
HEIDI BARSUGLIA	DIRECTOR AT LARGE	0.50	Director	$0	$0	$0
GEORGE TANAKA	DIRECTOR AT LARGE	0.50	Director	$0	$0	$0
PAPIA GAMBELINE	DIRECTOR	0.50	Director	$0	$0	$0
ED MANNING	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL KORPIEL	DIRECTOR	0.50	Director	$0	$0	$0
JOHN GUTIERREZ	CHAIR	2.00	Officer Director	$0	$0	$0
PRADIP KHEMANI	DIRECTOR	0.50	Director	$0	$0	$0
LUPA DE LA CRUZ	DIRECTOR AT LARGE	0.50	Director	$0	$0	$0
LEONOR DICDICAN	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN LOSCOTOFF	DIRECTOR	0.50	Director	$0	$0	$0
PRISCILLA LIM	DIRECTOR	0.50	Director	$0	$0	$0
LAMABERT HSU	INCOMING CHAIR	0.50	Officer Director	$0	$0	$0
HENRY LI	TREASURER	0.50	Officer Director	$0	$0	$0
BILL MUELLER	DIRECTOR	0.50	Director	$0	$0	$0
FLOREINE KAHN	DIRECTOR	0.50	Director	$0	$0	$0
MONA ROGERS	DIRECTOR	0.50	Director	$0	$0	$0
JOHN YUNG	SECRETARY	0.50	Officer Director	$0	$0	$0
MALCOLM MCFARLAND	DIRECTOR	0.50	Director	$0	$0	$0
RON WONG	DIRECTOR	0.50	Director	$0	$0	$0
AIKO YAMAKAWA	DIRECTOR	0.50	Director	$0	$0	$0
KENT KAUSS	DIRECTOR	0.50	Director	$0	$0	$0
MELINDA YEE FRANKLIN	DIRECTOR	0.50	Director	$0	$0	$0
JEFF STIGER	DIRECTOR	0.50	Director	$0	$0	$0
KATHRYN SCOTT	DIRECTOR	0.50	Director	$0	$0	$0
JOHN TANG	DIRECTOR AT LARGE	0.50	Director	$0	$0	$0
KAREN WOODRUFF	DIRECTOR	0.50	Director	$0	$0	$0
DR WHITNEY YAMAMURA	DIRECTOR	0.50	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	$4,199,097	$3,449,318	$3,924,714	$749,779
2022	$4,026,976	$3,312,997	$3,142,557	$713,979
2021	$3,895,620	$2,837,822	$2,371,070	$1,057,798
2020	$3,262,617	$2,794,818	$1,117,877	$467,799
2019	$2,521,441	$2,110,256	$692,842	$411,185
2018	$1,644,282	$1,753,194	$217,545	$-108,912

CALIFORNIA ASIAN PACIFIC CHAMBER OF COMMERCE