LAKE ELSINORE VALLEY CHAMBER OF COMMERCE (EIN 951688466) - 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

1959

Legal Domicile

Principal Officer

KIM J COUSINS

Phone

9516772424

Tax Period

2023-01-01 to 2023-12-31

LAKE ELSINORE VALLEY CHAMBER OF COMMERCE, founded in 1959, is a small nonprofit in the Community Improvement sector that reported $516K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

TO PURSUE EXCELLENCE AND ECONOMIC GROWTH IN THE LAKE ELSINORE VALLEY THROUGH LEADERSHIP AND COMMUNITY PARTNERSHIPS, BY ACTING AS A CATALYST FOR AN INNOVATIVE BUSINESS ENVIRONMENT, REPRESENTING THE INTEREST OF BUSINESS BEFORE GOVERNMENT AND ENHANCING THE VITALITY OF THE COMMUNITY WE SERVE THROUGH ECONOMIC DEVELOPMENT. THE PURPOSE IS NOT TO MAKE A PROFIT IN DOLLARS AND CENTS, BUT RATHER TO PROFIT ITS MEMBERS THROUGH AN IMPROVED MARKET THAT ALLOWS OUR ULTIMATE GOAL TO MAKE LAKE ELSINORE A GREAT PLACE TO DO BUSINESS.

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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 $154,050

Program Service Revenue $361,634

Investment Income $0

Other Revenue $0

TOTAL REVENUE $515,684

Expense Breakdown

Grants Paid $0

Salaries & Benefits $240,959

Fundraising Expenses $0

Program Expenses $546,607

Other Expenses $305,648

TOTAL EXPENSES $546,607

Year-over-Year Comparison

	2023	2022	Change
Revenue	$515,684	$409,970	+0.3%
Expenses	$546,607	$387,043	+0.4%
Net Income	$-30,923	$22,927	-2.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF UPCRAFT	CHAIRMAN	4.00	Director	$0	$0	$0
KIM JOSEPH COUSINS	CEO	50.00	Director	$0	$0	$0
JACK FERGUSON	TREASURER	2.00	Director	$0	$0	$0
ELIZABETH ROUSE	1ST VICE CHAIR	2.00	Director	$0	$0	$0
GUY SELLEECK	2ND VICE CHAIR	2.00	Director	$0	$0	$0
PARISA JEBELLI	SECRETARY	2.00	Director	$0	$0	$0
MICHELE MUNOZ	IMMEDIATE PAST CHAIRMAN	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	No data	No data	No data	No data
2023	$515,684	$546,607	$52,405	$-30,923
2022	$409,970	$387,043	$117,050	$22,927
2020	$265,614	$251,849	$41,858	$13,765
2019	$296,504	$303,052	$38,776	$-6,548
2018	$251,107	$231,507	$30,773	$19,600

LAKE ELSINORE VALLEY CHAMBER OF COMMERCE