LAGUNA BEACH CHAMBER OF COMMERCE A… - Form 990 Financial Data

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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

1923

Legal Domicile

Principal Officer

HASTY HONARKAR

Phone

9494941018

Tax Period

2024-01-01 to 2024-12-31

LAGUNA BEACH CHAMBER OF COMMERCE AND CIVIC ASSOCIATION, founded in 1923, is a small nonprofit that reported $374K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $120K, a strong 32% operating margin.

Mission

ADVANCING THE ECONOMIC CLIMATE OF THE COMMUNITY AND THE QUALITY OF LIFE FOR THE CITIZENS OF THE CITY OF LAGUNA BEACH

Program Service Accomplishments

Program 1

Expenses: $254,377

TO PROMOTE LOCAL BUSINESS AND IMPROVE COMMUNITY RELATIONS AND THE QUALITY OF LIFE OF THE CITIZENS OF THE CITY.

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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 $215,458

Program Service Revenue $0

Investment Income $30,636

Other Revenue $128,267

TOTAL REVENUE $374,361

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,889

Fundraising Expenses $0

Program Expenses $254,377

Other Expenses $81,486

TOTAL EXPENSES $254,375

Year-over-Year Comparison

	2024	2023	Change
Revenue	$374,361	$413,872	-0.1%
Expenses	$254,375	$253,581	+0.0%
Net Income	$119,986	$160,291	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RJ BEAR	Director	2.00	Director	$0	$0	$0
GRETCHEN MCCONNELL	Director	2.00	Director	$0	$0	$0
JULIE LAUGHTON	Director	2.00	Director	$0	$0	$0
REINHARD NEUBERT	Director	2.00	Director	$0	$0	$0
VALERIE LYNN	Director	2.00	Director	$0	$0	$0
JEFFERY REDEKER	Treasurer	2.00	Officer	$0	$0	$0
HASTY HONARKAR	Secretary	2.00	Officer	$0	$0	$0
MARK MEISBERGER	VICE CHAIR	2.00	Officer	$0	$0	$0
COLLEEN DILLAWAY	Chair Elect	2.00	Officer	$0	$0	$0
PAULA HORNBUCKLE-ARNOLD	Chairman	2.00	Officer	$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	$374,361	$254,375	$655,639	$119,986
2023	$413,872	$253,581	$515,724	$160,291
2022	$339,074	$243,446	$340,323	$95,628
2021	$278,689	$193,140	$242,780	$85,549
2020	$164,842	$137,057	$157,757	$27,785

LAGUNA BEACH CHAMBER OF COMMERCE AND CIVIC ASSOCIATION