Carmel Chamber of Commerce (EIN 940369785) - 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

1922

Legal Domicile

Principal Officer

CLARISSA ROWE

Phone

8316242522

Tax Period

2023-01-01 to 2023-12-31

Carmel Chamber of Commerce, founded in 1922, is a small nonprofit that reported $417K in total revenue in fiscal year 2023.

Mission

PUBLISHING OF CARMEL CALIFORNIA CITY DIRECTORY, GUIDE AND NEWSLETTER; ORGANIZATION OF MONTHLY MEETINGS OF CITY BUSINESSES; ADVERTISEMENTS IN TOURIST PUBLICATIONS; STAFFING AND MAINTENANCE OF CARMEL CALIFORNIA INFORMATION CENTER.

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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 $267,598

Program Service Revenue $33,782

Investment Income $1,678

Other Revenue $114,081

TOTAL REVENUE $417,139

Expense Breakdown

Grants Paid $3,500

Salaries & Benefits $293,348

Fundraising Expenses $0

Other Expenses $149,656

TOTAL EXPENSES $446,504

Year-over-Year Comparison

	2023	2022	Change
Revenue	$417,139	$403,587	+0.0%
Expenses	$446,504	$380,397	+0.2%
Net Income	$-29,365	$23,190	-2.3%

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

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
Sygale Lomas	Past Chair	10.00	Officer Director	$0	$0	$0
Jeff Ursino	Treasurer	10.00	Officer Director	$0	$0	$0
BEN BEESLEY	DIRECTOR	10.00	Director	$0	$0	$0
CLARISSA ROWE	Chair	10.00	Officer Director	$0	$0	$0
BECKY JONES	Director	10.00	Director	$0	$0	$0
DAVID LURIE	DIRECTOR	10.00	Director	$0	$0	$0
Greg Ahn	DIRECTOR	10.00	Director	$0	$0	$0
Cynthia Buhl	DIRECTOR	10.00	Director	$0	$0	$0
Greg Freeman	DIRECTOR	10.00	Director	$0	$0	$0
Heather Gardner	DIRECTOR	10.00	Director	$0	$0	$0
Kevin Hill	DIRECTOR	10.00	Director	$0	$0	$0
Tammy Jones	DIRECTOR	10.00	Director	$0	$0	$0
Gerard Rose	DIRECTOR	10.00	Director	$0	$0	$0
Kristin Torrice	DIRECTOR	10.00	Director	$0	$0	$0
Kenny Spilfogel	DIRECTOR	10.00	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	No data	No data	No data	No data
2023	$417,139	$446,504	$271,942	$-29,365
2022	$403,587	$380,397	$299,823	$23,190
2021	$440,826	$401,092	$280,957	$39,734
2020	$330,798	$331,229	$240,010	$-431
2019	$455,397	$418,481	$230,846	$36,916

Carmel Chamber of Commerce