SACRAMENTO 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

1997

Legal Domicile

Principal Officer

PAT FONG KUSHIDA

Phone

9162966069

Tax Period

2023-01-01 to 2023-12-31

SACRAMENTO ASIAN PACIFIC CHAMBER OF COMMERCE, founded in 1997, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $3.8M left a modest 6% surplus.

Mission

TO EDUCATE OUR MEMBERS AND THE COMMUNITY BY DEVELOPING PROGRAMS DESIGNED TO STRENGTHEN AND EXPAND THE POTENTIAL OF ASIAN PACIFIC ISLANDER (API) BUSINESSES AND THE API COMMUNITY. SACC'S CORE COMPETENCY AND OUR COMPETITIVE ADVANTAGE IS OUR PORTFOLIO OF TECHNICAL ASSISTANCE PROGRAMS THAT MEET THE NEEDS OF OUR ETHNICALLY DIVERSE SMALL BUSINESS OCMMUNITY.

Program Service Accomplishments

Program 1

THE CHAMBER CONDUCTED ITS 5TH ANNUAL REGIONAL STUDY MISSION. THE STUDY MISSION GAVE THIS YEAR'S 75 PARTICIPANTS AN INSIDE LOOK AT THE ASSETS, TALENT AND OPPORTUNITIES OF THE SIX-COUNTY SACRAMENTO...

THE CHAMBER CONDUCTED ITS 5TH ANNUAL REGIONAL STUDY MISSION. THE STUDY MISSION GAVE THIS YEAR'S 75 PARTICIPANTS AN INSIDE LOOK AT THE ASSETS, TALENT AND OPPORTUNITIES OF THE SIX-COUNTY SACRAMENTO REGION, EXPLORING DOWNTOWN SACRAMENTO, ELK GROVE, AND RANCHO CORDOVA THIS YEAR. OVER THE COURSE OF THE ONE-DAY STUDY MISSION, PARTICIPANTS WERE REMINDED OF WHAT MAKES THE SACRAMENTO REGION THE "BEST OF-FIRST AT-LEADER" WITH A FOCUS ON CIVIC AMENITIES, EDUCATION, HEALTHCARE, INNOVATION, AND MORE. PARTICIPANTS REPRESENT DIFFERENT LOCAL BUSINESS LEADERS WANTING TO LEARN MORE ABOUT DIFFERENT PROGRAMS AND MOVEMENTS THAT ARE HELPING TO GROW THE SACRAMENTO REGION.GROW THE SACRAMENTO REGION.

Program 2

THE CHAMBER, IN COLLABORATION WITH THE PARTNERS OF THE SACRAMENTO INCLUSIVE ECONOMIC DEVELOPMENT COLLABORATIVE,EXECUTED CONTRACTS WITH THE CITY OF SACRAMENTO AND COUNTY OF SACRAMENTO TO ASSIST...

THE CHAMBER, IN COLLABORATION WITH THE PARTNERS OF THE SACRAMENTO INCLUSIVE ECONOMIC DEVELOPMENT COLLABORATIVE,EXECUTED CONTRACTS WITH THE CITY OF SACRAMENTO AND COUNTY OF SACRAMENTO TO ASSIST BUSINESSES THROUGH ITS MINORITY BUSINESS ASSISTANCE RECOVERY KICKSTART (MBARK) PROGRAM TO ASSIST BUSINESSES IN NEED OF TECHNICAL ASSISTANCE OR CONSULTING SERVICES TO EITHER START OR GROW THEIR BUSINESS. MBARK IS A COMPREHENSIVE,MULTI-PRONGED APPROACH GEARED TO ASSIST MINORITY SMALL BUSINESS OWNERS IN THE COMMUNITY, PROVIDING CONTRACTING OPPORTUNITIES, BUSINESS DEVELOPMENT TRAINING,WORKSHOPS, AND 1-ON-1 CONSULTING SERVICES. MBARK UTILIZES SACC'S UNDERSTANDING AND EXPERTISE ON WHAT MINORITY SMALL BUSINESS OWNERS MAY NEED AND SHOWCASES HOW TO PROACTIVELY ENGAGE THEM IN ORDER TO STABILIZE AND GROW THEIR BUSINESSES.

Program 3

THE CHAMBER HELD ITS SECOND ANNUAL AAPI NIGHT MARKET IN DOWNTOWN SACRAMENTO. BRINGING TOGETHER MORE THAN 50 LOCALLY OWNED AND OPERATED AAPI BUSINESSES AND FOOD TRUCKS. THE AAPI NIGHT MARKET WAS...

THE CHAMBER HELD ITS SECOND ANNUAL AAPI NIGHT MARKET IN DOWNTOWN SACRAMENTO. BRINGING TOGETHER MORE THAN 50 LOCALLY OWNED AND OPERATED AAPI BUSINESSES AND FOOD TRUCKS. THE AAPI NIGHT MARKET WAS ATTENDED BY MORE THAN 2,500 PEOPLE FROM AROUND THE SACRAMENTO REGION AND PROVIDED AN OPPORTUNITY TO CELEBRATE AAPI BUSINESSES WITHIN THE SACRAMENTO COMMUNITY. THE AAPI NIGHT MARKET ALSO HOSTED PERFORMANCES BY SEVERAL LIVE LOCAL MUSICIANS.

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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 $3,051,345

Program Service Revenue $964,868

Investment Income $4,830

Other Revenue $0

TOTAL REVENUE $4,021,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,935,740

Fundraising Expenses $0

Other Expenses $847,203

TOTAL EXPENSES $3,782,943

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,021,043	$3,259,497	+0.2%
Expenses	$3,782,943	$3,686,584	+0.0%
Net Income	$238,100	$-427,087	-1.6%

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

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
JENNIFER ABLOG	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE PICARD	PAST CHAIR	2.00	Officer Director	$0	$0	$0
BERNADETTE AUSTIN	DIRECTOR	2.00	Director	$0	$0	$0
LEONOR DICDICAN	DIRECTOR	2.00	Director	$0	$0	$0
CLAY MERRILL	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KEVIN FERREIRA	DIRECTOR	2.00	Director	$0	$0	$0
TIM YAMAUCHI	DIRECTOR	2.00	Director	$0	$0	$0
AMANDA MERZ	CHAIR	8.00	Officer Director	$0	$0	$0
TJ CHEN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID LOWE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JAY DAY	DIRECTOR	2.00	Director	$0	$0	$0
PAUL LAU	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JOEL MAIER	DIRECTOR	2.00	Director	$0	$0	$0
SUNIL BHAGAT	DIRECTOR	2.00	Director	$0	$0	$0
TYLER KEARNS	DIRECTOR	2.00	Director	$0	$0	$0
HOWARD CHAN	DIRECTOR	2.00	Director	$0	$0	$0
TINA JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
HENRY LI	CHAIR ELECT	2.00	Officer Director	$0	$0	$0
MABEL SALON	SECRETARY	4.00	Officer Director	$0	$0	$0
NANCY COLEMAN-CHAVEZ	VICE CHAIR	2.00	Officer Director	$0	$0	$0
FRANK KOBAYASHI	DIRECTOR	2.00	Director	$0	$0	$0
DONALD SUPAT	DIRECTOR	2.00	Director	$0	$0	$0
MURDOCK SMITH	DIRECTOR	2.00	Director	$0	$0	$0
JEANNIE WONG	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KRIS RITUALO	DIRECTOR	2.00	Director	$0	$0	$0
MIKE LEE	TREASURER	4.00	Officer Director	$0	$0	$0
RISA OMEGA	DIRECTOR	2.00	Director	$0	$0	$0
AMY WARSHAUER	DIRECTOR	2.00	Director	$0	$0	$0
PAT FONG KUSHIDA	CEO	40.00	Highest	$404,091	$15,415	$419,506
FRANK LOUIE	COO	40.00	Highest	$165,000	$0	$165,000
LAUREN OTO	VP MARKETING & COMMUNICATI	40.00	Highest	$162,888	$0	$162,888
MAY SAEPHANH	VP GLOBAL & DOMESTIC PROGR	40.00	Highest	$179,425	$0	$179,425

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	$4,021,043	$3,782,943	$1,942,606	$238,100
2022	$3,259,497	$3,686,584	$2,067,124	$-427,087
2021	$2,671,474	$1,683,213	$1,898,460	$988,261
2020	$4,799,797	$4,391,490	$2,763,392	$408,307
2019	$1,269,107	$1,173,159	$773,589	$95,948
2018	$996,001	$976,268	$240,833	$19,733

SACRAMENTO ASIAN PACIFIC CHAMBER OF COMMERCE