MONROVIA CHAMBER OF COMMERCE

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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

1939

Legal Domicile

Phone

6263581159

Tax Period

2022-01-01 to 2022-12-31

MONROVIA CHAMBER OF COMMERCE, founded in 1939, is a small nonprofit that reported $211K in total revenue in fiscal year 2022. Expenses of $264K exceeded revenue, resulting in a 25% operating deficit.

Mission

PROVIDE AND DEVELOP BETTER BUSINESS OPPORTUNITIES FOR CURRENT AND NEW BUSINESS VENTURES LOCATED IN THE CITY OF MONROVIA.

Program Service Accomplishments

Program 1

Expenses: $37,155

The Monrovia Chamber of Commerce sponsors business networking events and members-only networking lunches. The Monrovia Insider Magazine with community related articles is distributed on-line. The...

The Monrovia Chamber of Commerce sponsors business networking events and members-only networking lunches. The Monrovia Insider Magazine with community related articles is distributed on-line. The Chamber participates in economic development meetings and government legislative events and meetings. Additionally, the Monrovia Chamber of Commerce held the Mayor's Prayer Breakfast and the Annual Community Awards Banquet. The Chamber hosted ribbon-cutting events for new and re-established businesses and contacted each new business to Monrovia.

Program 2

New members added to the Chamber's roll of over 700. Continued Shop Local Campaign and referred approximately 2,900 area businesses.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $210,979

Investment Income $55

Other Revenue $0

TOTAL REVENUE $211,034

Expense Breakdown

Grants Paid $0

Salaries & Benefits $165,915

Fundraising Expenses $0

Program Expenses $37,155

Other Expenses $98,424

TOTAL EXPENSES $264,339

Year-over-Year Comparison

	2022	2021	Change
Revenue	$211,034	$209,638	+0.0%
Expenses	$264,339	$210,384	+0.3%
Net Income	$-53,305	$-746	+70.5%

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

N/A

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

$20,672

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Juliana Onate	Executive Dir.	40.00	Director	$20,672	$0	$20,672
Matthew Goo	Vice President	0.00	Director	$0	$0	$0
Victor Huynh	Past Predident	0.00	Director	$0	$0	$0
Carlos Parrague	Director	0.00	Director	$0	$0	$0
Victor Benavides	Secretary	0.00	Director	$0	$0	$0
Ashley Rozatti	Director	0.00	Director	$0	$0	$0
Byron Nelson	Director	0.00	Director	$0	$0	$0
Liz Berghaus	Treasurer	1.00	Director	$0	$0	$0
Christopher Green	Director	0.00	Director	$0	$0	$0
Karen Taylor	Director	0.00	Director	$0	$0	$0
Ricardo Jurado	Director	0.00	Director	$0	$0	$0
Kelly F Ryan	President	0.00	Director	$0	$0	$0
Martha Gamboa	Director	0.00	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
2022	$211,034	$264,339	$128,346	$-53,305
2021	$209,638	$210,384	$186,948	$-746
2020	$201,346	$157,105	$188,850	$44,241
2019	$219,287	$207,472	$93,937	$11,815
2018	$231,098	$245,083	$91,179	$-13,985