BREA 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

1945

Legal Domicile

Principal Officer

ERIC PADILLA

Phone

7145293660

Tax Period

2024-01-01 to 2024-12-31

BREA CHAMBER OF COMMERCE, founded in 1945, is a small nonprofit that reported $354K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

PROVIDES MEMBER BUSINESSES WITH ACCESS TO BUSINESS OPPORTUNITIES, POLITICAL ADVOCACY AND EDUCATIONAL PROGRAMS.

Program Service Accomplishments

Program 1

PROGRAM OF ACTION PROVIDES MARKETING OPPORTUNITIES FOR BREA BUSINESS THROUGH DISPLAY TABLES AT LOCAL EVENTS, REFERRALS THROUGH THE OFFICE, "HOW TO" ARTICLES AND SEMINARS.

Program 2

ACTIVELY INVOLVED IN COMMUNITY BUSINESS PLANNING OF MAJOR ISSUES SUCH AS: TRASH RECYCLING, REWRITING SIGN CODES, IMPLEMENTING EQUITABLE COST- RECOVERY FEES, REDEVELOPMENT AND ECONOMIC DEVELOPMENT.

Program 3

PROVIDES WEEKLY EMAIL COMMUNICATIONS, NEW BUSINESS LISTINGS AND CITY INFORMATION.

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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 $39,973

Program Service Revenue $253,369

Investment Income $143

Other Revenue $60,631

TOTAL REVENUE $354,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $232,032

Fundraising Expenses $0

Other Expenses $155,253

TOTAL EXPENSES $387,285

Year-over-Year Comparison

	2024	2023	Change
Revenue	$354,116	$291,494	+0.2%
Expenses	$387,285	$320,660	+0.2%
Net Income	$-33,169	$-29,166	+0.1%

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

$98,036

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC PADILLA	CHAIRMAN	2.00	Officer Director	$0	$0	$0
BILL MURRAY	CHAIR FINANC	2.00	Officer Director	$0	$0	$0
ASHLEY COLE	CHAIR HOUSIN	2.00	Officer Director	$0	$0	$0
MICHELLE CUMMINGS	DIRECTOR	2.00	Director	$0	$0	$0
JUSTIN LEE	EXECUTIVE CO	2.00	Officer Director	$0	$0	$0
CONNIE ALLRED	DIRECTOR	2.00	Director	$0	$0	$0
GLENN GREEN	DIRECTOR	2.00	Director	$0	$0	$0
CINDY KAO	DIRECTOR	2.00	Director	$0	$0	$0
DR ANASTASIA LANDER	DIRECTOR	2.00	Director	$0	$0	$0
JAMES MCGRADE	DIRECTOR	2.00	Director	$0	$0	$0
NICHOLAS SPENCER	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK VERGA	DIRECTOR	2.00	Director	$0	$0	$0
LACY SCHOEN	PRESIDENT/CE	40.00	Officer	$98,036	$0	$98,036
JILL DUNN	CHAIRMAN	2.00	Director	$0	$0	$0
DAVE SCHUTTE	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT NEVAREZ	BOARD MEMBER	2.00	Director	$0	$0	$0
TIM HOU	BOARD MEMBER	2.00	Director	$0	$0	$0
MAURICE CASAUS	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE LEHRBURGER PE	BOARD MEMBER	2.00	Director	$0	$0	$0
ROSE MCCUNE	BOARD MEMBER	2.00	Director	$0	$0	$0
GEORGE LLERENA	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS STERN	BOARD MEMBER	2.00	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	$354,116	$387,285	$156,527	$-33,169
2023	$291,494	$320,660	$178,634	$-29,166
2022	$289,518	$262,817	$196,834	$26,701
2021	$215,517	$170,559	$180,942	$44,958
2020	$146,841	$156,691	$136,122	$-9,850
2019	$199,483	$210,171	$145,932	$-10,688
2018	$217,381	$195,153	$156,723	$22,228