VERNON CHAMBER OF COMMERCE (EIN 951643499) - 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

1950

Legal Domicile

Principal Officer

MARISA OLGUIN

Phone

3235833313

Tax Period

2024-01-01 to 2024-12-31

VERNON CHAMBER OF COMMERCE, founded in 1950, is a small nonprofit in the Community Improvement sector that reported $364K in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $56K, a strong 15% operating margin.

Mission

The Chamber is a business membership organization that exists to meet the needs of its community and to promote the economic climate of the City of Vernon. The Chamber provides resources and tools to help its members grow and thrive.

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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 $58,447

Program Service Revenue $246,930

Investment Income $114

Other Revenue $58,183

TOTAL REVENUE $363,674

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,049

Fundraising Expenses $22,716

Program Expenses $176,476

Other Expenses $213,538

TOTAL EXPENSES $307,587

Year-over-Year Comparison

	2024	2023	Change
Revenue	$363,674	$232,580	+0.6%
Expenses	$307,587	$249,834	+0.2%
Net Income	$56,087	$-17,254	-4.3%

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

N/A

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

$127,467

Total Directors

$127,467

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARISA OLGUIN	President & CEO	40.00	Officer Director	$107,557	$19,910	$127,467
LISETTE GAVINA LOPEZ	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JIM BOLTINGHOUSE	Director	1.00	Director	$0	$0	$0
CHAVIS FERGUSON	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JULIET GOFF	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JIMMY ANDREOLI II	Director	1.00	Director	$0	$0	$0
DOUGLAS WILLIAMS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
PHILLIP TED ATTALLA	Chairman	1.00	Officer Director	$0	$0	$0
SILVIA KIRKORIAN	Director	1.00	Director	$0	$0	$0
HOWARD CHOI	Director	1.00	Director	$0	$0	$0
ROSE NORDBROCK	Director	1.00	Director	$0	$0	$0
BRIAN BAILEY	Director	1.00	Director	$0	$0	$0
STEVE FREED	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JIM HANCOCK	Director	1.00	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	$363,674	$307,587	$149,298	$56,087
2019	$246,677	$250,346	$253,625	$-3,669
2018	$238,460	$256,360	$210,160	$-17,900

VERNON CHAMBER OF COMMERCE