SOUTHERN CALIFORNIA CHAPTER OF THE APPRAISAL INSTITUTE

EIN: 952566221

CHICAGO, IL

Total Revenue
$342,662
Total Expenses
$391,380
Total Assets
$566,016
Net Assets
$488,166
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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
1991
Legal Domicile
CA
Principal Officer
Adam Bogorad
Phone
3123354100
Tax Period
2023-01-01 to 2023-12-31

SOUTHERN CALIFORNIA CHAPTER OF THE APPRAISAL INSTITUTE, founded in 1991, is a small nonprofit that reported $343K in total revenue in fiscal year 2023. Expenses of $391K exceeded revenue, resulting in a 14% operating deficit.

Mission

To empower valuation professionals through community credentialing education body of knowledge and ethical standards.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,976
Program Service Revenue $327,198
Investment Income $7,488
Other Revenue $0
TOTAL REVENUE $342,662

Expense Breakdown

Grants Paid $0
Salaries & Benefits $106,084
Fundraising Expenses $0
Program Expenses $0
Other Expenses $285,296
TOTAL EXPENSES $391,380

Year-over-Year Comparison

2023 2022 Change
Revenue $342,662 $348,381 0.0%
Expenses $391,380 $290,914 +0.3%
Net Income $-48,718 $57,467 -1.8%
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
15
Independent Members
15
Employees
1
Volunteers
50

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
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Adam Bogorad MAI President 10.00
Officer Director
$0 $0 $0
Ernesto Lopez MAI AI-GRS Vice President 8.00
Officer Director
$0 $0 $0
Ryan Hargrove MAI SRA AI-GRS Treasurer 10.00
Officer Director
$0 $0 $0
William Jones MAI AI-GRS Secretary 8.00
Officer Director
$0 $0 $0
Michael Comstock MAI Education Chair 8.00
Director
$0 $0 $0
Linda Whittlesey SRA Immediate Past President 8.00
Director
$0 $0 $0
Marcus Espinoza MAI SRA Northwestern Branch Chair 8.00
Director
$0 $0 $0
Norman Chung MAI AI-GRS NW Branch Vice Chair 8.00
Director
$0 $0 $0
Jose Hernandez Candidate NW Branch 1st Advisor 6.00
Director
$0 $0 $0
Paul Norlen MAI Eastern Branch Chair 5.00
Director
$0 $0 $0
Scott Thompson MAI AI-GRS Eastern Branch Vice Chair 5.00
Director
$0 $0 $0
Julian Uribe Candidate Eastern Branch 1st Advisor 5.00
Director
$0 $0 $0
Jeff Hogan SRA AI-RRS Southern Branch Chair 5.00
Director
$0 $0 $0
Michael Wada MAI Southern Branch Vice Chair 5.00
Director
$0 $0 $0
Stephen Lee Candidiate Southern Branch 1st Advisor 5.00
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 $342,662 $391,380 $566,016 $-48,718
2022 $348,381 $290,914 $616,547 $57,467
2021 $274,137 $181,891 $571,691 $92,246
2020 $257,948 $201,641 $462,282 $56,307
2019 $371,877 $421,568 $357,243 $-49,691
2018 $408,959 $438,693 $415,949 $-29,734
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