Greater Lakewood Chamber of Commer… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1949

Legal Domicile

Principal Officer

Jose L Solache

Phone

5625319733

Tax Period

2023-01-01 to 2023-12-31

Greater Lakewood Chamber of Commerce, founded in 1949, is a small nonprofit that reported $242K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

This organization's mission is to assist businesses in the Lakewood community by providing the resources they need to prosper.

Program Service Accomplishments

Program 1

The organization provided resources for businesses in the greater Lakewood area of California. This includes a newsletter and various social functions to the benefit of the community.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $33,293

Program Service Revenue $107,274

Investment Income $0

Other Revenue $101,090

TOTAL REVENUE $241,657

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,860

Fundraising Expenses $0

Other Expenses $170,031

TOTAL EXPENSES $238,891

Year-over-Year Comparison

	2023	2022	Change
Revenue	$241,657	$206,595	+0.2%
Expenses	$238,891	$219,288	+0.1%
Net Income	$2,766	$-12,693	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$33,062

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jose Solache	President & CEO	40.00	Officer	$33,062	$0	$33,062
Jonathan Byun	Director	3.00	Director	$0	$0	$0
Mike Hedges	Director	3.00	Director	$0	$0	$0
Glen Patrick	Director	3.00	Director	$0	$0	$0
Glenn Curo	Director	3.00	Director	$0	$0	$0
Deena Henry	Director	3.00	Director	$0	$0	$0
Travis Jackson	Director	3.00	Director	$0	$0	$0
David Arellano	Vice Chair	3.00	Director	$0	$0	$0
Erika R Parada	Director	3.00	Director	$0	$0	$0
Joanie Dixson	Director	3.00	Director	$0	$0	$0
Mike Segura	Director	3.00	Director	$0	$0	$0
Sherry Daisey	Secretary	3.00	Officer	$0	$0	$0
Mark Demeron	Treasurer	3.00	Officer	$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	$241,657	$238,891	$9,036	$2,766
2022	$206,595	$219,288	$6,270	$-12,693
2021	$212,517	$217,870	$18,963	$-5,353
2020	$180,377	$186,917	$5,574	$-6,540
2019	$210,881	$219,259	$12,115	$-8,378
2018	$207,967	$208,384	$20,542	$-417

Greater Lakewood Chamber of Commerce