SIMI VALLEY 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

Phone

8055263900

Tax Period

2023-07-01 to 2024-06-30

SIMI VALLEY CHAMBER OF COMMERCE, founded in 1952, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 112% from the prior year, signaling strong growth momentum.

Mission

THE CHAMBER OF COMMERCE IS A BROAD-BASED FEDERATION OF BUSINESS, INDUSTRIAL, PROFESSIONAL FIRMS AND INTERESTED INDIVIDUALS ORGANIZED TO ENHANCE SIMI VALLEY'S ECONOMIC HEALTH THROUGH VARIOUS PROGRAMS & COMMUNITY PROJECTS.

Program Service Accomplishments

Program 1

Expenses: $1,699,641

THE CHAMBER CONTINUED ITS FUNCTIONS AS SIMI VALLEY VISITOR'S CENTER FOR THE BENEFIT OF THE PUBLIC BOTH WITHIN AND WITHOUT THE CITY. THE CHAMBER PUBLISHED NUMEROUS PUBLICATIONS TO INFORM THE PUBLIC OF...

Program 2

Expenses: $96,145

THE CHAMBER ORGANIZED A ONE-DAY STREET FAIR TO PROMOTE MEMBERS TO GENERAL PUBLIC.

Program 3

Expenses: $48,980

NETWORKING BREAKFASTS, BUSINESS DEVELOPMENT LUNCHEONS, RIBBON CUTTINGS, AND OTHER NETWORKING EVENTS.

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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 $421,148

Program Service Revenue $1,938,761

Investment Income $13,006

Other Revenue $80,263

TOTAL REVENUE $2,453,178

Expense Breakdown

Grants Paid $0

Salaries & Benefits $438,033

Fundraising Expenses $0

Program Expenses $1,844,766

Other Expenses $2,106,170

TOTAL EXPENSES $2,544,203

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,453,178	$1,159,066	+1.1%
Expenses	$2,544,203	$1,291,023	+1.0%
Net Income	$-91,025	$-131,957	-0.3%

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
PAUL GOODNOUGH	Chairman	0.00	Director	$0	$0	$0
KAREN TROOP	CFO	0.00	Director	$0	$0	$0
MICHELLE LIDDELL	CHAIR ELECT	0.00	Director	$0	$0	$0
KAILEY CRAIG	Secretary	0.00	Director	$0	$0	$0
KATHI VAN ETTEN	CEO	40.00	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
2025	No data	No data	No data	No data
2024	$2,453,178	$2,544,203	$834,829	$-91,025
2023	$1,159,066	$1,291,023	$916,765	$-131,957
2022	$1,089,440	$780,711	$1,049,499	$308,729
2021	$589,942	$550,413	$803,192	$39,529
2019	$1,112,018	$1,107,086	$599,122	$4,932