Corona Chamber of Commerce (EIN 950651175) - 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

1910

Legal Domicile

Principal Officer

Robert Spiegel

Phone

9517373350

Tax Period

2023-01-01 to 2023-12-31

Corona Chamber of Commerce, founded in 1910, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

The Corona Chamber promotes business, advocacy, community, and economic development while serving as a catalyst for improving the overall quality of life in our community and region.

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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 $805,835

Program Service Revenue $233,483

Investment Income $0

Other Revenue $131,643

TOTAL REVENUE $1,170,961

Expense Breakdown

Grants Paid $0

Salaries & Benefits $517,222

Fundraising Expenses $0

Other Expenses $627,527

TOTAL EXPENSES $1,144,749

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,170,961	$1,320,369	-0.1%
Expenses	$1,144,749	$1,347,644	-0.2%
Net Income	$26,212	$-27,275	-2.0%

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

100

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

$196,585

Total Directors

$196,585

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Spiegel	Pres/CEO/Sec	40.00	Officer Director	$196,585	$0	$196,585
Dean Seif	Chairman	5.00	Officer Director	$0	$0	$0
Anthony Pirritano	Chair Elect	5.00	Officer Director	$0	$0	$0
Chad Miller	Vice Chair	5.00	Officer Director	$0	$0	$0
Sam Buenrostro	Treas/Fin Chair	5.00	Officer Director	$0	$0	$0
Ruth Jaffe	Vice Chair Fin	5.00	Officer Director	$0	$0	$0
Palbinder Badesha	Immed Past Chai	5.00	Officer Director	$0	$0	$0
Kathy Armstrong	Director	1.00	Director	$0	$0	$0
David Brambila	Director	1.00	Director	$0	$0	$0
Adam Cancellieri	Director	1.00	Director	$0	$0	$0
Grace Clark	Director	1.00	Director	$0	$0	$0
Marta Cortez	Director	1.00	Director	$0	$0	$0
Jim Gore	Director	1.00	Director	$0	$0	$0
Tim Grambling	Director	1.00	Director	$0	$0	$0
Monica Green	Director	1.00	Director	$0	$0	$0
Prabh Grewal	Director	1.00	Director	$0	$0	$0
Sam Itani	Director	1.00	Director	$0	$0	$0
Barry E Knight	Director	1.00	Director	$0	$0	$0
Kim Mabon	Director	1.00	Director	$0	$0	$0
Jeff Miller	Director	1.00	Director	$0	$0	$0
Javier Montes	Director	1.00	Director	$0	$0	$0
Cisco Perez	Director	1.00	Director	$0	$0	$0
Lea Petersen	Director	1.00	Director	$0	$0	$0
Lily Quiroa	Director	1.00	Director	$0	$0	$0
Mike Quraishi	Director	1.00	Director	$0	$0	$0
Jesse Ramirez	Director	1.00	Director	$0	$0	$0
John Weyhgandt	Director	1.00	Director	$0	$0	$0
Corry Shedd	Director	1.00	Director	$0	$0	$0
Eugene Montanez	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	$1,170,961	$1,144,749	$618,816	$26,212
2022	$1,320,369	$1,347,644	$531,668	$-27,275
2021	$1,169,829	$1,175,615	$655,806	$-5,786
2020	$908,581	$817,047	$500,586	$91,534

Corona Chamber of Commerce