MILLBRAE CHAMBER OF COMMERCE

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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

1949

Legal Domicile

Principal Officer

LORIANNE RICHARDSON

Phone

6506977324

Tax Period

2022-01-01 to 2022-12-31

MILLBRAE CHAMBER OF COMMERCE, founded in 1949, is a micro nonprofit that reported $94K in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year. Expenses of $116K exceeded revenue, resulting in a 23% operating deficit.

Mission

THE MISSION OF THE CHAMBER IS TO ENCOURAGE THE DEVELOPMENT OF THE BUSINESS COMMUNITY.

Program Service Accomplishments

Program 1

THE MISSION OF THE CHAMBER IS TO ENCOURAGE THE DEVELOPMENT OF THE BUSINESS COMMUNITY

Program 2

THE PROGRAM SERVICE ENCOURAGES THE DEVELOPMENT OF THE BUSINESS COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $94,406

TOTAL REVENUE $94,406

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,532

Fundraising Expenses $0

Other Expenses $60,961

TOTAL EXPENSES $116,493

Year-over-Year Comparison

	2022	2021	Change
Revenue	$94,406	$101,668	-0.1%
Expenses	$116,493	$92,809	+0.3%
Net Income	$-22,087	$8,859	-3.5%

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

N/A

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

$30,503

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORIANNE RICHARDSON	President & CEO	40.00	Officer	$30,503	$0	$30,503
MARY ELLEN PELLERGRINI	Director	2.00	Director	$0	$0	$0
Stephen Cheung	Secretary	2.00	Director	$0	$0	$0
NICK COURCOUMELIS	Director	2.00	Director	$0	$0	$0
BART SPECCIA	Director	2.00	Director	$0	$0	$0
LINDA MAULE	Director	2.00	Director	$0	$0	$0
MARILOU EDWARDS	Chairman	2.00	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
2022	$94,406	$116,493	$47,033	$-22,087
2019	$135,206	$153,388	$25,520	$-18,182
2018	$156,887	$156,053	$41,438	$834