SAN MATEO CHAMBER OF COMMERCE

EIN: 940838880

San Mateo, CA

Total Revenue
$460,132
Total Expenses
$443,216
Total Assets
$257,821
Net Assets
$114,271
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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
1936
Legal Domicile
CA
Phone
6504012440
Tax Period
2023-01-01 to 2023-12-31

SAN MATEO CHAMBER OF COMMERCE, founded in 1936, is a small nonprofit that reported $460K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $443K left a modest 4% surplus.

Mission

The Mission of the San Mateo Area Chamber of Commerce is to create an environment for businesses to start, grow, and succeed.

Program Service Accomplishments

Program 1

The Chamber conducts a 10 - month leadership program for individuals interested in increasing their understanding of the community and the issues it faces. The Chamber also sponsors numerous...

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The Chamber conducts a 10 - month leadership program for individuals interested in increasing their understanding of the community and the issues it faces. The Chamber also sponsors numerous activities and meetings that provide business networking opportunities for its membership. Examples include bi-monthly business mixers, weekly referral networking group meetings, and monthly presentations geared for the business community.

Program 2

The San Mateo Chamber of Commerce provides local and surrounding business an avenue to start, grow, and nurture businesses through weekly business referral networking groups, business educational...

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The San Mateo Chamber of Commerce provides local and surrounding business an avenue to start, grow, and nurture businesses through weekly business referral networking groups, business educational programs and seminars, social business networking events, and social events that promote and highlight local community and business leaders.

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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 (2023)

Revenue Breakdown

Contributions & Grants $454,946
Program Service Revenue $3,900
Investment Income $1,286
Other Revenue $0
TOTAL REVENUE $460,132

Expense Breakdown

Grants Paid $0
Salaries & Benefits $277,895
Fundraising Expenses $66,482
Other Expenses $165,321
TOTAL EXPENSES $443,216

Year-over-Year Comparison

2023 2022 Change
Revenue $460,132 $522,984 -0.1%
Expenses $443,216 $523,271 -0.2%
Net Income $16,916 $-287 -59.9%
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

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Governance

Voting Members
23
Independent Members
N/A
Employees
3
Volunteers
25

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
$150,000
Total Directors
20
$0
Key Employees
1
$150,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Laura Bent Vice Chair 1.00
Officer Director
$0 $0 $0
Michael Berube Director 0.50
Director
$0 $0 $0
Heather Cleary Chair 1.00
Officer Director
$0 $0 $0
Roger Heighton Director 1.00
Director
$0 $0 $0
Paul Behan Director 0.50
Director
$0 $0 $0
Jonathan Bissell Director 0.50
Director
$0 $0 $0
Mitch Williams Director 0.50
Director
$0 $0 $0
Jim De La Torre Director 1.00
Director
$0 $0 $0
Carey Gorgolinski Director 0.50
Director
$0 $0 $0
Silas Green III Treasurer 2.00
Officer Director
$0 $0 $0
Chris Holbrook Director 0.50
Director
$0 $0 $0
Ross Moilan Director 0.50
Director
$0 $0 $0
Angel Saunders Esq Secretary 0.50
Director
$0 $0 $0
Jennifer Chen Director 0.50
Director
$0 $0 $0
Erica K Wood President & CEO 40.00
Officer Key Emp
$150,000 $0 $150,000
Mia Rossi Director 1.00
Director
$0 $0 $0
Rhovy Lyn Antonio Director 1.00
Director
$0 $0 $0
Mark Allen Director 1.00
Director
$0 $0 $0
Jennifer Hancox Director 1.00
Director
$0 $0 $0
Kohar Kojayan Director 1.00
Director
$0 $0 $0
Erin Sinclair Director 1.00
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 $460,132 $443,216 $257,821 $16,916
2022 $522,984 $523,271 $210,918 $-287
2021 $336,669 $389,235 $256,428 $-52,566
2020 $319,320 $392,822 $256,322 $-73,502
2019 $462,458 $439,987 $182,115 $22,471
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