California Hispanic Chambers of Commerce

EIN: 680046058

Sacramento, CA

Total Revenue
$1,918,050
Total Expenses
$1,686,584
Total Assets
$1,238,608
Net Assets
$423,841
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
CA
Principal Officer
Julian Canete
Phone
9164442221
Tax Period
2024-01-01 to 2024-12-31

California Hispanic Chambers of Commerce, founded in 1985, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 12% surplus.

Mission

TO PROMOTE HISPANIC BUSINESS, CREATE AN ATMOSPHERE THAT ENCOURAGES THE GROWTH OF THE HISPANIC BUSINESS COMMUNITY AND TO ACT AS AN ADVOCATE FOR THE HISPANIC BUSINESS COMMUNITY.

Program Service Accomplishments

Program 1

ANNUAL CONVENTION: THE CHCC STATEWIDE CONVENTION IS THE PREMIER HISPANIC AND SMALL BUSINESS CONVENTION IN CALIFORNIA, OFFERING PARTICIPANTS THE OPPORTUNITY TO LEARN THE LATEST TRENDS IN BUSINESS...

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ANNUAL CONVENTION: THE CHCC STATEWIDE CONVENTION IS THE PREMIER HISPANIC AND SMALL BUSINESS CONVENTION IN CALIFORNIA, OFFERING PARTICIPANTS THE OPPORTUNITY TO LEARN THE LATEST TRENDS IN BUSINESS DEVELOPMENT AND GAIN INSIGHT INTO GROWING AND MAINTAINING A SUCCESSFUL BUSINESS. IN 2024, CONVENTION PARTICIPANTS WERE EXPOSED TO SOME OF THE MOST DYNAMIC, ENTERPRISING AND INFORMATIVE SPEAKERS DISCUSSING CURRENT ISSUES PERTINENT TO THE ECONOMIC GROWTH AND DEVELOPMENT OF CALIFORNIA BUSINESS AND OUR COMMUNITIES.

Program 2

BUSINESS POLICY SUMMIT / LEGISLATIVE DAY: WITH THE ASSISTANCE OF POLICY MAKERS, CORPORATE BUSINESS, EDUCATIONAL AND COMMUNITY LEADERS, THE CHCC WILL PROVIDE A FORUM FOR PARTICIPANTS TO ENGAGE IN THE...

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BUSINESS POLICY SUMMIT / LEGISLATIVE DAY: WITH THE ASSISTANCE OF POLICY MAKERS, CORPORATE BUSINESS, EDUCATIONAL AND COMMUNITY LEADERS, THE CHCC WILL PROVIDE A FORUM FOR PARTICIPANTS TO ENGAGE IN THE LEGISLATIVE PROCESS, DISCUSS ISSUES THAT AFFECT ALL HISPANIC BUSINESSES IN THE STATE, AND EXEMPLIFY HOW HISPANICS PLAY SIGNIFICANT ROLES IN CALIFORNIA'S ECONOMY.

Program 3

MEMBERSHIP: THE CHCC IS THE LEADING REGIONAL HISPANIC AND ETHNIC BUSINESS ORGANIZATION IN THE NATION WITH A NETWORK OF OVER 100 CHAMBERS AND ASSOCIATIONS REPRESENTING THE INTEREST OF CALIFORNIA'S...

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MEMBERSHIP: THE CHCC IS THE LEADING REGIONAL HISPANIC AND ETHNIC BUSINESS ORGANIZATION IN THE NATION WITH A NETWORK OF OVER 100 CHAMBERS AND ASSOCIATIONS REPRESENTING THE INTEREST OF CALIFORNIA'S 815,000 HISPANIC OWNED BUSINESSES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $444,000
Program Service Revenue $1,039,363
Investment Income $0
Other Revenue $434,687
TOTAL REVENUE $1,918,050

Expense Breakdown

Grants Paid $0
Salaries & Benefits $633,221
Fundraising Expenses $0
Other Expenses $1,053,363
TOTAL EXPENSES $1,686,584

Year-over-Year Comparison

2024 2023 Change
Revenue $1,918,050 $1,614,483 +0.2%
Expenses $1,686,584 $1,662,394 +0.0%
Net Income $231,466 $-47,911 -5.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
11
Volunteers
10

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
1
$161,629
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIAN CANETE CEO 30.00
Officer
$135,000 $26,629 $161,629
Oscar Garcia Sr. Vice President 39.00
$80,000 $25,669 $105,669
GEMA GONZALEZ-MACIAS Chief of Staff 30.00
$69,000 $4,712 $73,712
Veronica Corona Chairwoman 10.00
Director
$0 $0 $0
MARCUS GOMEZ Vice Chairman 5.00
Director
$0 $0 $0
Raul Hernandez Treasurer 0.50
Director
$0 $0 $0
SYLVESTER AGUILAR Treasurer 0.50
Director
$0 $0 $0
DENNIS KING PARLIAMENTARIAN 0.50
Director
$0 $0 $0
LEO CALLEJAS NORTH R. CHAIR 0.50
Director
$0 $0 $0
Eddie Marquez SOUTH R. CHAIR 0.50
Director
$0 $0 $0
JAY TAMSI CENTRAL R CHAIR 0.50
Director
$0 $0 $0
SYLVIA DUARTE INLAND EM CHAIR 0.50
Director
$0 $0 $0
MAYRA PEREZ North R. Dir. 0.50
Director
$0 $0 $0
YAJAIRA RUBIO MACHADO NORTH R. DIR. 0.50
Director
$0 $0 $0
CHRISTINA KIKI LIZARRAGA SOUTH R. DIR. 0.50
Director
$0 $0 $0
ELIZABETH MARTINEZ SOUTH R. DIR 0.50
Director
$0 $0 $0
BRENDA REJAMAND CENTER R. DIR. 0.50
Director
$0 $0 $0
SONIA ARREGUIN CENTER R. DIR. 0.50
Director
$0 $0 $0
RICHARD SANDOVAL INLAND ER. DIR. 0.50
Director
$0 $0 $0
BENITO BARRIOS INLAND ER. DIR. 0.50
Director
$0 $0 $0
BRENNA GARCIA BUTLER DIRECTOR 0.50
Director
$0 $0 $0
GABRIELA MELLO DIRECTOR 0.50
Director
$0 $0 $0
LISA BLANCO JIMENEZ GENERAL COUNSEL 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 $1,918,050 $1,686,584 $1,238,608 $231,466
2023 $1,614,483 $1,662,394 $921,564 $-47,911
2022 $1,714,373 $1,739,907 $529,557 $-25,534
2021 $1,488,436 $1,298,761 $521,865 $189,675
2020 $937,998 $782,362 $292,591 $155,636
2019 $1,089,336 $1,006,232 $222,292 $83,104
2018 $999,216 $1,137,074 $248,607 $-137,858
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