SOUTH COUNTY CHAMBERS 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

1963

Legal Domicile

Phone

8054891488

Tax Period

2023-01-01 to 2023-12-31

SOUTH COUNTY CHAMBERS OF COMMERCE, founded in 1963, is a small nonprofit that reported $952K in total revenue in fiscal year 2023. The organization ran a surplus of $164K, a strong 17% operating margin.

Mission

TO PROMOTE TOURISM AND OTHER BUSINESS THROUGHOUT THE SOUTH COUNTY OF SAN LUIS OBISPO

Program Service Accomplishments

Program 1

THE PURPOSE OF THE SOUTH COUNTY CHAMBERS OF COMMERCE IS TO REPRESENT COMMERCIAL, INDUSTRIAL, AND PROFESSIONAL BUSINESSES BY PROMOTING THE ECONOMIC WELFARE OF THE AREA.

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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 $612,933

Program Service Revenue $218,660

Investment Income $1,195

Other Revenue $119,661

TOTAL REVENUE $952,449

Expense Breakdown

Grants Paid $0

Salaries & Benefits $410,919

Fundraising Expenses $0

Other Expenses $377,717

TOTAL EXPENSES $788,636

Year-over-Year Comparison

	2023	2022	Change
Revenue	$952,449	$953,401	0.0%
Expenses	$788,636	$753,056	+0.0%
Net Income	$163,813	$200,345	-0.2%

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

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
KIM BANKS	MEMBER	2.00	Director	$0	$0	$0
JOSH ERDMAN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JEFF CHAMBERS	PAST CHAIR	2.00	Officer Director	$0	$0	$0
ANTHONY SALAS	TREASURER	2.00	Officer Director	$0	$0	$0
MARY GARDNER	MEMBER	2.00	Director	$0	$0	$0
KEN DALEBOUT	MEMBER	2.00	Director	$0	$0	$0
KASSI DEE	MEMBER	2.00	Director	$0	$0	$0
STACIE LAGER	MEMBER	2.00	Director	$0	$0	$0
KRISTEN PALERA	CHAIR	2.00	Officer Director	$0	$0	$0
RON REILLY	MEMBER	2.00	Director	$0	$0	$0
TIM JENSEN	MEMBER	2.00	Director	$0	$0	$0
MARSHALL BROWN	SECRETARY	2.00	Officer Director	$0	$0	$0
ADAM VERDIN	MEMBER	2.00	Director	$0	$0	$0
NICOLE MOORE	MEMBER	2.00	Director	$0	$0	$0
MARY ISHIKAWA	MEMBER	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	$952,449	$788,636	$763,901	$163,813
2022	$953,401	$753,056	$590,649	$200,345
2021	$750,449	$593,447	$383,025	$157,002
2020	$376,441	$294,559	$225,024	$81,882
2019	$292,949	$312,975	$152,783	$-20,026
2018	$216,274	$232,776	$172,777	$-16,502