CAPITOLA-SOQUEL CHAMBER OF COMMERCE (EIN 940367612) - Form 990 Financial Analysis & Trantor Score

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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

1941

Legal Domicile

Principal Officer

CARRIE ARNONE

Phone

8314756522

Tax Period

2024-01-01 to 2024-12-31

CAPITOLA-SOQUEL CHAMBER OF COMMERCE, founded in 1941, is a small nonprofit that reported $228K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $206K left a modest 10% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO PRESERVE COMPETITIVE BUSINESS ENTERPRISE, AND TO SERVE AND PROMOTE BUSINESS DEVELOPMENT AND COMMUNITY GROWTH. THE ORGANIZATION HOSTS FESTIVALS, MUSICAL CONCERTS, COMMUNITY EVENTS, AND LUNCHEONS TO ACCOMPLISH THEIR MISSION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $57,149

Program Service Revenue $0

Investment Income $13,904

Other Revenue $157,311

TOTAL REVENUE $228,364

Expense Breakdown

Grants Paid $11,838

Salaries & Benefits $141,547

Fundraising Expenses $0

Other Expenses $52,471

TOTAL EXPENSES $205,856

Year-over-Year Comparison

	2024	2023	Change
Revenue	$228,364	$317,160	-0.3%
Expenses	$205,856	$187,829	+0.1%
Net Income	$22,508	$129,331	-0.8%

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

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

400

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

$98,049

Total Directors

$98,049

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARRIE ARNONE	CEO	40.00	Officer Director	$79,063	$18,986	$98,049
GERRY JENSEN	Director	0.50	Director	$0	$0	$0
TRUDIE RANSOME	Secretary	0.50	Officer Director	$0	$0	$0
NICOLE FISCHER	Director	0.50	Director	$0	$0	$0
JENNY SANDROF	Vicechair	0.50	Officer Director	$0	$0	$0
MATT SCHOFIELD	Director	0.50	Director	$0	$0	$0
MELANIE MOW SCHUMACHER	Director	0.50	Director	$0	$0	$0
CHEIR HARTY	Director	0.50	Director	$0	$0	$0
JILL CLINE	Treasurer	0.50	Officer Director	$0	$0	$0
SCOTT HAMBY	Director	0.50	Director	$0	$0	$0
NANCY FALCON	Director	0.50	Director	$0	$0	$0
NICOLE BEAVER	Chairperson	0.50	Officer Director	$0	$0	$0
SARAH RYAN	Director	0.50	Director	$0	$0	$0
JOSH FISHER	Director	0.50	Director	$0	$0	$0
BRIAN KIRK	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	$228,364	$205,856	$461,660	$22,508
2023	$317,160	$187,829	$440,977	$129,331
2022	$350,940	$225,132	$311,473	$125,808
2021	$277,195	$111,971	$219,493	$165,224
2019	$282,548	$281,841	$78,090	$707
2018	$300,301	$293,489	$73,068	$6,812

CAPITOLA-SOQUEL CHAMBER OF COMMERCE