OCEANSIDE CHAMBER OF COMMERCE (EIN 951061083) - 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

1939

Legal Domicile

Principal Officer

SCOTT ASHTON

Phone

7607221534

Tax Period

2024-01-01 to 2024-12-31

OCEANSIDE CHAMBER OF COMMERCE, founded in 1939, is a small nonprofit that reported $781K in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $965K exceeded revenue, resulting in a 24% operating deficit.

Mission

THE ORGANIZATION PROVIDES LEADERSHIP AND COLLECTIVE VOICE FOR OUR MEMBERSHIP AND COMMUNITY THEREBY PROMOTING A STRONG BUSINESS CLIMATE AND ENHANCED QUALITY OF LIFE.

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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 $630,909

Program Service Revenue $114,606

Investment Income $94

Other Revenue $35,416

TOTAL REVENUE $781,025

Expense Breakdown

Grants Paid $1,186

Salaries & Benefits $581,159

Fundraising Expenses $35,448

Program Expenses $527,011

Other Expenses $382,581

TOTAL EXPENSES $964,926

Year-over-Year Comparison

	2024	2023	Change
Revenue	$781,025	$2,347,316	-0.7%
Expenses	$964,926	$543,505	+0.8%
Net Income	$-183,901	$1,803,811	-1.1%

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

$192,073

Total Directors

$192,073

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT ASHTON	CEO	40.00	Officer Director	$162,913	$29,160	$192,073
JOSHUA VAN ORDEN	DIRECTOR	0.75	Director	$0	$0	$0
KEVIN WITOWICH	DIRECTOR	0.75	Director	$0	$0	$0
MARVA BLEDSOE	SECRETARY/TREASURER	0.75	Officer Director	$0	$0	$0
COL DANIEL WHITLEY	ADVISOR	0.75	Director	$0	$0	$0
DONNA SAN MIGUEL	DIRECTOR	0.75	Director	$0	$0	$0
RICK WRIGHT	DIRECTOR	0.75	Director	$0	$0	$0
ERNIE PRIETO	VICE CHAIR	0.75	Officer Director	$0	$0	$0
BENJAMIN BAMBOA	DIRECTOR	0.75	Director	$0	$0	$0
JESS SPECHT	ADVISOR	0.75	Director	$0	$0	$0
JOE GABALDON	DIRECTOR	0.75	Director	$0	$0	$0
BILL BIRNIE	VICE CHAIR	0.75	Officer Director	$0	$0	$0
NAZELI DERTSAKIAN	CHAIR	0.75	Officer Director	$0	$0	$0
JESSICA SHRADER	DIRECTOR	0.75	Director	$0	$0	$0
KEVIN SHIN	VICE CHAIR	0.75	Officer Director	$0	$0	$0
KRISTEN HUYCK	DIRECTOR	0.75	Director	$0	$0	$0
LUPE GONZALEZ	DIRECTOR	0.75	Director	$0	$0	$0
MICHELLE GELLER	ADVISOR	0.75	Director	$0	$0	$0
ROBBIE CALDERON-HASS	CHAIR ELECT	0.75	Officer Director	$0	$0	$0
TOM SON	DIRECTOR	0.75	Director	$0	$0	$0
MARIA MINGALONE	DIRECTOR	0.75	Director	$0	$0	$0
DR JULIE VITALE	DIRECTOR	0.75	Director	$0	$0	$0
RUSHELL GORDON	DIRECTOR	0.75	Director	$0	$0	$0
BOB WAITE	FORMER CHAIR	0.75	Officer Director	$0	$0	$0
LAUREN SWEETON	DIRECTOR	0.75	Director	$0	$0	$0
CAPT MIKE KOS	ADVISOR	0.75	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	$781,025	$964,926	$2,298,272	$-183,901
2023	$2,347,316	$864,997	$2,418,706	$1,482,319
2022	$866,064	$954,718	$918,448	$-88,654
2021	$1,620,472	$1,296,544	$1,004,506	$323,928
2020	$865,066	$794,559	$674,450	$70,507
2019	$790,358	$748,026	$414,078	$42,332
2018	$829,072	$764,274	$378,833	$64,798

OCEANSIDE CHAMBER OF COMMERCE