LOS ANGELES AREA CHAMBER OF COMMER… - 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

1968

Legal Domicile

Principal Officer

MARIA SALINAS

Phone

2135807521

Tax Period

2023-01-01 to 2023-12-31

LOS ANGELES AREA CHAMBER OF COMMERCE, founded in 1968, is a community nonprofit that reported $7.2M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $8.1M exceeded revenue, resulting in a 13% operating deficit.

Mission

CHAMBER'S MISSION: DESIGN AND ADVANCE OPPORTUNITIES AND SOLUTIONS FOR A THRIVING REGIONAL ECONOMY THAT ARE INCLUSIVE AND GLOBALLY COMPETITIVE. 1) ADVOCACY - BE A BOLD ADVOCATE FOR BUSINESS AS A DRIVER OF A STRONG ECONOMY THAT ENABLES PROSPERITY FOR ALL. 2) GLOBAL ENGAGEMENT - ADVANCE LOS ANGELES' ROLE AS A POWERFUL AND DYNAMIC REGION INTEGRAL TO THE GLOBAL ECONOMY. 3) COMMUNITY COLLABORATIONS FOR LOCAL AND REGIONAL ECONOMIC GROWTH AND MOBILITY - ADVANCE AND SUPPORT EFFORTS THAT ELIMINATE BARRIERS AND MAXIMIZE OPPORTUNITIES FOR ECONOMIC PROSPERITY.

Program Service Accomplishments

Program 1

CHAMBER SERVES MORE THAN 1,000 MEMBERS AND THE GENERAL PUBLIC THROUGH ADVOCACY, BUSINESS DEVELOPMENT, GLOBAL ENGAGEMENT, COMMUNITY COLLABORATIONS, AND ENTREPRENUERSHIP AND INNOVATION.

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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 $1,050,050

Program Service Revenue $4,221,293

Investment Income $1,869

Other Revenue $1,880,469

TOTAL REVENUE $7,153,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,953,745

Fundraising Expenses $0

Other Expenses $4,126,089

TOTAL EXPENSES $8,079,834

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,153,681	$5,710,532	+0.3%
Expenses	$8,079,834	$6,458,308	+0.3%
Net Income	$-926,153	$-747,776	+0.2%

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

165

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

$1,292,955

Total Directors

$701,311

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AG SPANOS	CHAIR	2.00	Officer Director	$0	$0	$0
ALAN ROTHENBERG	DIRECTOR	1.00	Director	$0	$0	$0
ANDY PARK	DIRECTOR	1.00	Director	$0	$0	$0
AUGUSTAVIA AUGIE J HAYDEL	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
BRISSA SOTELO-VARGAS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLENE DIMAS-PEINADO	DIRECTOR	1.00	Director	$0	$0	$0
DANA DEBEL	DIRECTOR	1.00	Director	$0	$0	$0
ERIN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
EUGENE GENE D SEROKA	DIRECTOR	1.00	Director	$0	$0	$0
FRAN INMAN	DIRECTOR	1.00	Director	$0	$0	$0
FRANCISCO RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
FRANCISCO URIBE	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE PLA	SECOND VICE CHAIR	2.00	Officer Director	$0	$0	$0
GREGORY T GEYER	TREASURER	2.00	Officer Director	$0	$0	$0
JANET LAMKIN	FIRST VICE CHAIR	2.00	Officer Director	$0	$0	$0
JAVIER CANO	DIRECTOR	1.00	Director	$0	$0	$0
JEFF WILSON	DIRECTOR	1.00	Director	$0	$0	$0
JEROLD B JERRY NEUMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOSE A HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH CZYZYK	DIRECTOR	1.00	Director	$0	$0	$0
JUAN SALAZAR	DIRECTOR	1.00	Director	$0	$0	$0
LARRY CHUNG	DIRECTOR	1.00	Director	$0	$0	$0
LISA PITNEY	DIRECTOR	1.00	Director	$0	$0	$0
LUPITA SANCHEZ-CORNEJO	DIRECTOR	1.00	Director	$0	$0	$0
MARIA SALINAS	PRESIDENT & CEO	40.00	Officer Director	$670,000	$31,311	$701,311
MARIO CORDERO	DIRECTOR	1.00	Director	$0	$0	$0
MARK LOUCHHEIM	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
MARTIN MARTY HODGETT	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN KINDEL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL OCHOA	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE RUIZ	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE GASKILL-HAMES	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE J SIMONIAN	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP R RECHT	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP TATE	DIRECTOR	1.00	Director	$0	$0	$0
RANDAL J HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
RAUL A ANAYA	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN FINNEGAN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE NISSEN	DIRECTOR	1.00	Director	$0	$0	$0
SUNNY REELHORN PARR	DIRECTOR	1.00	Director	$0	$0	$0
TAYLOR HATHAWAY-ZEPEDA	DIRECTOR	1.00	Director	$0	$0	$0
TODD WILSON	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE FEUERBORN	DIRECTOR	1.00	Director	$0	$0	$0
WHITNEY O'NEILL-ENGLANDER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN TANG	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN BREIDSPRECHER	CHIEF OPERATING OFFICER	40.00	Officer	$322,545	$35,438	$357,983
PATRICIA BRUNO	CHIEF POLICY OFFICER	40.00	Officer	$219,046	$14,615	$233,661
ANDREA NUNN	SR VICE PRES OF INNOVATION & ENTREPRENUER	0.00	Highest	$217,610	$17,756	$235,366
KENNETH L WENGROD	VICE PRESIDENT OF GLOBAL TRADE	40.00	Highest	$116,902	$38,438	$155,340
PATRICIA VILLANUEVA	VICE PRESIDENT OF MEMBERSH	40.00	Highest	$128,512	$23,216	$151,728
PETER SAY SONG FOO	VICE PRESIDENT OF ENTREPRENEURSHIP & WFD	0.00	Highest	$123,734	$21,135	$144,869
SHANNON SMITH	VICE PRESIDENT OF MARKETIN	40.00	Highest	$159,938	$12,146	$172,084

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	$7,153,681	$8,079,834	$5,727,902	$-926,153
2022	$5,710,532	$6,458,308	$6,226,096	$-747,776
2021	$6,083,780	$6,354,805	$7,562,162	$-271,025
2020	$6,882,392	$7,448,061	$7,815,435	$-565,669
2019	$7,938,603	$8,060,968	$8,858,647	$-122,365
2018	$7,308,781	$7,617,936	$7,378,241	$-309,155

LOS ANGELES AREA CHAMBER OF COMMERCE