CARMEL CHAMBER OF COMMERCE FOUNDATION

EIN: 843375773 501(c)(3) Community Improvement

CARMEL BY THE SEA, CA

Total Revenue
$108,877
Total Expenses
$78,852
Total Assets
$30,217
Net Assets
$30,025
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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
2019
Legal Domicile
CA
Tax Period
2021-01-01 to 2021-12-31

CARMEL CHAMBER OF COMMERCE FOUNDATION, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $109K in total revenue in fiscal year 2021. The organization ran a surplus of $30K, a strong 28% operating margin.

Mission

THE FOUNDATION MISSION IS TO SUPPORT AND ADVANCE SMALL BUSINESS DEVELOPMENT, BUSINESS TECHNOLOGY DEVELOPMENT, SERVICE PROJECTS AND/OR EDUCATIONAL PROGRAMS WITHIN THE COMMUNITY OF CARMEL.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $108,877
Investment Income $0
Other Revenue $0
TOTAL REVENUE $108,877

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $78,852
Other Expenses $78,852
TOTAL EXPENSES $78,852

Year-over-Year Comparison

2021 2020 Change
Revenue $108,877 N/A N/A
Expenses $78,852 N/A N/A
Net Income $30,025 N/A N/A
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM MEIDL TREASURER 5.00
Officer
$0 $0 $0
STEFANI CHANEY CHAIR 5.00
Officer
$0 $0 $0
KATHRYN MORRISSEY CHAIR 5.00
Officer
$0 $0 $0
BEN BEESLEY VICE CHAIR 5.00
Officer
$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
2021 $108,877 $78,852 $30,217 $30,025
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