FOLSOM CHAMBER OF COMMERCE (EIN 941573092) - 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

1957

Legal Domicile

Principal Officer

JOSEPH GAGLIARDI

Phone

9169852698

Tax Period

2024-04-01 to 2025-03-31

FOLSOM CHAMBER OF COMMERCE, founded in 1957, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024.

Mission

TO PROMOTE THE CIVIC, BUSINESS AND ECONOMIC WELL BEING AND GENERAL WELL BEING OF THE FOLSOM AREA.

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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 $249,035

Program Service Revenue $2,866,528

Investment Income $51

Other Revenue $0

TOTAL REVENUE $3,115,614

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $1,458,215

Fundraising Expenses $0

Other Expenses $1,586,110

TOTAL EXPENSES $3,047,325

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,115,614	$3,070,218	+0.0%
Expenses	$3,047,325	$3,089,413	0.0%
Net Income	$68,289	$-19,195	-4.6%

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

657

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

$234,083

Total Directors

$234,083

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH GAGLIARDI	PRESIDENT	40.00	Officer Director	$107,253	$3,834	$234,083
MARK BAHOUTH	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
JACOB CANTU	BOARD MEMBER	0.50	Director	$0	$0	$0
MARTTI ECKERT	BOARD MEMBER	0.50	Director	$0	$0	$0
RICHARD FLORIO	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID GRUSSENMEYER	BOARD MEMBER	0.50	Director	$0	$0	$0
LISA HAUSMANN	BOARD MEMBER	0.50	Director	$0	$0	$0
STEVE HEARD	PAST CHAIR	0.50	Officer Director	$0	$0	$0
JULIE LOFGREN	BOARD MEMBER	0.50	Director	$0	$0	$0
RALPH PENA	2ND VICE CHAIR	0.50	Officer Director	$0	$0	$0
BILL ROMANELLI	BOARD MEMBER	0.50	Director	$0	$0	$0
COLLEEN SHANNON	BOARD MEMBER	0.50	Director	$0	$0	$0
AARON SILVA	1ST VICE CHAIR	0.50	Officer Director	$0	$0	$0
TODD SILVER	BOARD MEMBER	0.50	Director	$0	$0	$0
JIM SNOOK	BOARD MEMBER	0.50	Director	$0	$0	$0
GLORIA WRIGHT	SECRETARY	0.50	Officer Director	$0	$0	$0
HEIDI HARMAN	TREASURER	0.50	Officer Director	$0	$0	$0
RICK COGIL	BOARD MEMBER	0.50	Director	$0	$0	$0
IAN CORNELL	BOARD MEMBER	0.50	Director	$0	$0	$0
MATT CRANE	BOARD MEMBER	0.50	Director	$0	$0	$0
RITA HOFFSTADT	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHARL POPP	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN SEARS	BOARD MEMBER	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
2025	$3,115,614	$3,047,325	$552,025	$68,289
2024	$3,070,218	$3,089,413	$654,852	$-19,195
2023	$2,573,971	$2,632,884	$472,116	$-58,913
2022	$2,377,022	$2,387,724	$431,164	$-10,702
2021	$1,044,685	$1,188,910	$224,692	$-144,225
2020	$2,200,952	$2,181,592	$175,222	$19,360
2019	$2,126,567	$2,067,200	$250,468	$59,367
2018	$2,209,487	$2,356,850	$334,472	$-147,363

FOLSOM CHAMBER OF COMMERCE