INDUSTRY BUSINESS COUNCIL & CHAMBER OF C COMMERCE

EIN: 952511728

CITY OF INDUSTRY, CA

Total Revenue
$1,683,015
Total Expenses
$1,626,307
Total Assets
$804,710
Net Assets
$663,334
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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
1970
Legal Domicile
CA
Principal Officer
JOANNE MCCLASKEY
Phone
6269683737
Tax Period
2024-07-01 to 2025-06-30

INDUSTRY BUSINESS COUNCIL & CHAMBER OF C COMMERCE, founded in 1970, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Expenses of $1.6M left a modest 3% surplus.

Mission

THE INDUSTRY BUSINESS COUNCIL & CHAMBER OF COMMERCE IS ORGANIZED FOR THE PURPOSE OF ADVANCING THE ECONOMIC, INDUSTRIAL, PROFESSIONAL, CULTURAL, AND CIVIC WELFARE OF THE CITY OF INDUSTRY.

Program Service Accomplishments

Program 1
Expenses: $1,175,899 Revenue: $1,676,374

THE COUNCIL SERVED 3,713 MEMBERS AND PROMOTED THE CITY OF INDUSTRY THROUGH A DIRECTORY, LUNCHEON, OTHER FUNCTIONS AND BUSINESS CONTACTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,676,374
Investment Income $0
Other Revenue $6,641
TOTAL REVENUE $1,683,015

Expense Breakdown

Grants Paid $0
Salaries & Benefits $414,580
Fundraising Expenses $0
Program Expenses $1,175,899
Other Expenses $1,211,727
TOTAL EXPENSES $1,626,307

Year-over-Year Comparison

2024 2023 Change
Revenue $1,683,015 $1,672,785 +0.0%
Expenses $1,626,307 $1,556,396 +0.0%
Net Income $56,708 $116,389 -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

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Governance

Voting Members
7
Independent Members
7
Employees
4
Volunteers
25

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
4
$163,066
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRY BAKER DIRECTOR 2.00
Director
$0 $0 $0
DEAN YAMAGATA SECRETARY/TREASURER 2.00
Officer Director
$0 $0 $0
JAMES LIN VICE PRESIDENT 2.00
Director
$0 $0 $0
CLEMENT CALVILLO DIRECTOR 2.00
Director
$0 $0 $0
DAVID M PEREZ PRESIDENT 2.00
Officer Director
$0 $0 $0
WALTER HAFNER DIRECTOR 2.00
Officer Director
$0 $0 $0
JANET KAPUSTA DIRECTOR 2.00
Director
$0 $0 $0
JOANNE MCCLASKEY EXECUTIVE DIRECTOR 40.00
Officer
$152,779 $10,287 $163,066
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 $1,683,015 $1,626,307 $804,710 $56,708
2024 $1,672,785 $1,556,396 $731,528 $116,389
2023 $1,444,418 $1,347,363 $629,316 $97,055
2022 $1,280,250 $1,231,085 $480,010 $49,165
2021 $908,903 $875,555 $421,261 $33,348
2020 $1,005,627 $949,735 $366,292 $55,892
2019 $817,729 $814,353 $341,834 $3,376
2018 $712,977 $697,825 $291,449 $15,152
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