FOLSOM CHAMBER OF COMMERCE

EIN: 941573092

FOLSOM, CA

Total Revenue
$3,115,614
Total Expenses
$3,047,325
Total Assets
$552,025
Net Assets
$-352,906
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
CA
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.

Program Service Accomplishments

Program 1

FOLSOM RODEO:ONE OF THE BIGGEST TRADITIONS OF FOLSOM IS THE ANNUAL FOLSOM RODEO. AT THE EVENT ITSELF, THE RODEO CONSISTS OF SEVERAL DIFFERENT EVENTS, INCLUDING BULL RIDING, BRONCO RIDING, BARREL...

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FOLSOM RODEO:ONE OF THE BIGGEST TRADITIONS OF FOLSOM IS THE ANNUAL FOLSOM RODEO. AT THE EVENT ITSELF, THE RODEO CONSISTS OF SEVERAL DIFFERENT EVENTS, INCLUDING BULL RIDING, BRONCO RIDING, BARREL RACING, STEER WRESTLING, AND THE ALWAYS POPULAR "MUTTON BUSTING". AFTER THE END OF THE RODEO, FIREWORKS ARE LAUNCHED EVERY NIGHT, WHICH CAN BE SEEN THROUGH ALL OF FOLSOM.

Program 2

FOLSOM WOMEN'S CONFERENCE:FOLSOM WOMEN'S CONFERENCE PROVIDES INSPIRATION, EMPOWERMENT AND GROWTH. IT IS THE LARGEST WOMEN'S EVENT IN THE REGION, WITH OVER 300 ATTENDEES THIS EVENT HIGHLIGHTS THE...

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FOLSOM WOMEN'S CONFERENCE:FOLSOM WOMEN'S CONFERENCE PROVIDES INSPIRATION, EMPOWERMENT AND GROWTH. IT IS THE LARGEST WOMEN'S EVENT IN THE REGION, WITH OVER 300 ATTENDEES THIS EVENT HIGHLIGHTS THE IMPORTANCE OF COLLABORATION AND BRINGING WOMEN OF ALL AGES TOGETHER TO INSPIRE AND LEARN FROM EACH OTHER.

Program 3

FOOTHILLS WINE EVENT:WINE ENTHUSIASTS WILL GATHER FOR THE FOOTHILL WINE FEST, WHICH TAKES PLACE AT PALLADIO SHOPPING CENTER IN FOLSOM. ATTENDEES WILL BE ABLE TO TASTE A BROAD SELECTION OF WINES THAT...

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FOOTHILLS WINE EVENT:WINE ENTHUSIASTS WILL GATHER FOR THE FOOTHILL WINE FEST, WHICH TAKES PLACE AT PALLADIO SHOPPING CENTER IN FOLSOM. ATTENDEES WILL BE ABLE TO TASTE A BROAD SELECTION OF WINES THAT HAIL FROM THE SIERRA FOOTHILLS, INCLUDING AWARD WINNERS FROM THE FOOTHILL WINE FEST COMPETITION, WHICH TOOK PLACE EARLIER IN THE YEAR. MORE THAN 20 WINE JUDGES GATHERED IN FOLSOM TO EVALUATE AND SCORE APPROXIMATELY 400 WINES IN THIS ANNUAL COMPETITION.

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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 (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

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Governance

Voting Members
22
Independent Members
22
Employees
20
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
7
$234,083
Total Directors
23
$234,083
Key Employees
0
$0
Highest Compensated
0
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
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