BAY AREA CHAMBER FOUNDATION INC

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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

2011

Legal Domicile

Principal Officer

CHRIS STEINOCHER

Phone

7273882912

Tax Period

2023-01-01 to 2023-12-31

BAY AREA CHAMBER FOUNDATION INC, founded in 2011, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $321K in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $94K, a strong 29% operating margin.

Mission

HELPING LEADERS GROW AND BUSINESSES START BY ALLOWING THE CHAMBER TO REACH INTO THE COMMUNITY FIRST-HAND AND PROVIDE RESOURCES NECESSARY TO CONDUCT RESEARCH, SCHOLARSHIPS AND HOST EDUCATIONAL EVENTS FOCUSED ON THE AREAS OF EQUITY, ENTREPRENEURIAL AND WORKFORCE DEVELOPMENT, HOUSING, TRANSPORTATION AND COMMUNITY NEEDS.

Program Service Accomplishments

Program 1

Expenses: $30,661

LEADERSHIP ST. PETE CLASS COMMUNITY PROJECT IS A CIVIC-ENGAGEMENT, COMMUNITY SERVICE PROJECT THAT IS COMPLETED DURING THE TERM OF THE PROGRAM. THE 2023 COMMUNITY PROJECT CONVERTED FORMER PRESCHOOL...

LEADERSHIP ST. PETE CLASS COMMUNITY PROJECT IS A CIVIC-ENGAGEMENT, COMMUNITY SERVICE PROJECT THAT IS COMPLETED DURING THE TERM OF THE PROGRAM. THE 2023 COMMUNITY PROJECT CONVERTED FORMER PRESCHOOL CLASSROOMS INTO COLLABORATIVE SPACES FOR NONPROFIT LEADERS AND CHANGE-MAKERS. THE ROOMS WERE TRANSFORMED INTO A FLEXIBLE AND TECHNOLOGY-SUPPORTED SPACES THAT NONPROFITS CAN USE TO HOST MEETINGS, WORKSHOPS, AND EVENTS.

Program 2

Expenses: $54,251

LEADERSHIP ALLIANCE BRINGS TOGETHER COMMUNITY LEADERS TO ENSURE ALIGNMENT WITH THE CITY OF ST. PETE'S PILLARS OF PROGRESS. THIS INITIATIVE SUCCEEDING THE GROW SMARTER INITIATIVE IMPLEMENTED IN 2015 THAT PARTNERSHIP BETWEEN THE CHAMBER AND LOCAL LEADERS LED TO THE ST. PETERSBURG ECONOMIC DEVELOPMENT COUNCIL'S (EDC) CREATION, THE INNOVATION DISTRICT'S FORMATION AND THE ST. PETE GREENHOUSE'S DEVELOPMENT.

Program 3

Expenses: $108,537 Revenue: $98,905

THINKING OUTSIDE THE BURG TRIP BROUGHT BUSINESSES, GOVERNMENT, AND CIVIC LEADERS TOGETHER TO LEARN FROM ANOTHER MARKET THAT IS LEADING THE WORLD IN INCLUSIVE ECONOMIC GROWTH BY WELCOMING ALL...

THINKING OUTSIDE THE BURG TRIP BROUGHT BUSINESSES, GOVERNMENT, AND CIVIC LEADERS TOGETHER TO LEARN FROM ANOTHER MARKET THAT IS LEADING THE WORLD IN INCLUSIVE ECONOMIC GROWTH BY WELCOMING ALL, EMPOWERING TALENT AND IGNITING INNOVATION. ATTENDEES LEARNED MORE ABOUT OUR CURRENT LOCAL POLICY ISSUES AND BENCHMARKED THE COMMUNITY AUSTIN, TX THAT HAS SEEN RAPID GROWTH AND DEVELOPMENT AGAINST OURS.

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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 $221,747

Program Service Revenue $98,905

Investment Income $0

Other Revenue $0

TOTAL REVENUE $320,652

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $221,434

Other Expenses $226,409

TOTAL EXPENSES $226,409

Year-over-Year Comparison

	2023	2022	Change
Revenue	$320,652	$208,988	+0.5%
Expenses	$226,409	$217,631	+0.0%
Net Income	$94,243	$-8,643	-11.9%

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

$259,171

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR SANDRA BRAHAM	PAST CHAIR	1.00	Director	$0	$0	$0
JASON JENSON	CHAIR	1.00	Director	$0	$0	$0
JASON SPEARS	CHAIR-ELECT	1.00	Director	$0	$0	$0
BROOKS WALLINGTON	VICE CHAIR	1.00	Director	$0	$0	$0
RYAN QUINTY	VICE CHAIR	1.00	Director	$0	$0	$0
TODD GEHRKE	VICE CHAIR	1.00	Director	$0	$0	$0
OWEN LAFAVE	VICE CHAIR - SECT/TREASURE	1.00	Director	$0	$0	$0
ROY BINGER	VICE CHAIR	1.00	Director	$0	$0	$0
KELLY KIRSCHNER	VICE CHAIR	1.00	Director	$0	$0	$0
CHRIS STEINOCHER	PRESIDENT/CEO	1.00	Officer	$0	$38,345	$259,171

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	$320,652	$226,409	$152,671	$94,243
2022	$208,988	$217,631	$200,050	$-8,643
2021	$317,898	$337,660	$208,803	$-19,762
2020	$497,702	$481,651	$109,619	$16,051
2019	$521,390	$517,108	$210,865	$4,282
2018	$315,842	$262,864	$336,404	$52,978