Costa Mesa 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

1952

Legal Domicile

Principal Officer

David Haithcock

Phone

7148859090

Tax Period

2023-01-01 to 2023-12-31

Costa Mesa Chamber of Commerce, founded in 1952, is a small nonprofit that reported $359K in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $404K exceeded revenue, resulting in a 12% operating deficit.

Mission

The purpose of the Organization is to promote businesses located in the community.

Program Service Accomplishments

Program 1

Expenses: $403,695 Revenue: $283,954

The purpose of the Organization is to promote businesses located in the community.

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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 $232,402

Program Service Revenue $122,507

Investment Income $233

Other Revenue $4,045

TOTAL REVENUE $359,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $244,925

Fundraising Expenses $0

Program Expenses $403,695

Other Expenses $158,770

TOTAL EXPENSES $403,695

Year-over-Year Comparison

	2023	2022	Change
Revenue	$359,187	$237,458	+0.5%
Expenses	$403,695	$328,036	+0.2%
Net Income	$-44,508	$-90,578	-0.5%

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

N/A

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

$132,208

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Farrell 1123-101823	Chair Board of Directors	5.00	Director	$0	$0	$0
Arthur Alderete	Secretary and Board Member	2.00	Officer Director	$0	$0	$0
Lori Ann Farrell Harrison	Board Member	2.00	Director	$0	$0	$0
James Fisler	Board Member	2.00	Director	$0	$0	$0
Juan Gutierrez	Board Member	2.00	Director	$0	$0	$0
David Koeblitz	CFO and Board Member	2.00	Officer Director	$0	$0	$0
Paulette Lombardi-Fries 11-1018-23	President and Board Member	2.00	Officer Director	$0	$0	$0
Nick Peterson	Board Member	2.00	Director	$0	$0	$0
Tim Wigmore 11-1018-23	Past Chairman Board	2.00	Director	$0	$0	$0
David Vazquez Beginning 101923	Chairman Board of Directors	2.00	Director	$0	$0	$0
Ken Kerns 1123-101823	COO/ Board Member	2.00	Officer Director	$0	$0	$0
Jill Erps	Board Member	2.00	Director	$0	$0	$0
David Haithcock	Key Employee	40.00	Officer	$0	$0	$132,208

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	$359,187	$403,695	$213,737	$-44,508
2022	$237,458	$328,036	$258,885	$-90,578
2021	$356,511	$242,458	$343,983	$114,053
2019	$335,070	$262,939	$157,466	$72,131
2018	$278,888	$254,408	$87,369	$24,480