MORRO BAY CHAMBER OF COMMERCE

EIN: 952590040

MORRO BAY, CA

Total Revenue
$269,483
Total Expenses
$314,922
Total Assets
$153,305
Net Assets
$89,700
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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
1948
Legal Domicile
CA
Principal Officer
STEPHEN PECK
Phone
8057724467
Tax Period
2023-01-01 to 2023-12-31

MORRO BAY CHAMBER OF COMMERCE, founded in 1948, is a small nonprofit that reported $269K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $315K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE MORRO BAY CHAMBER OF COMMERCE EMPOWERS BUSINESS THROUGH CONNECTION, ADVOCACY, AND EDUCATION. WE HOLD MONTHLY NETWORKING EVENTS, EDUCATIONAL SEMINARS, AND TOPICAL FORUMS DESIGNED TO FOSTER AN INFORMED AND SUCCESSFUL BUSINESS CULTURE. WE ADVOCATE FOR PRO-BUSINESS POLICIES TO ENSURE A THRIVING LOCAL ECONOMY. WHETHER YOU ARE LOOKING TO RELOCATE, EXPAND, OR OPEN A BUSINESS IN MORRO BAY, THE CHAMBER IS YOUR FIRST STOP TO CONNECT WITH LOCAL RESOURCES AND PEERS. WE HAVE A FINGER ON THE PULSE OF CITY POLICIES, INITIATIVES, AND TRENDS AND WILL HELP TO POSITION YOUR VENTURE FOR SUCCESS.

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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 $227,515
Program Service Revenue $11,798
Investment Income $0
Other Revenue $30,170
TOTAL REVENUE $269,483

Expense Breakdown

Grants Paid $0
Salaries & Benefits $209,466
Fundraising Expenses $0
Other Expenses $105,456
TOTAL EXPENSES $314,922

Year-over-Year Comparison

2023 2022 Change
Revenue $269,483 $527,677 -0.5%
Expenses $314,922 $513,192 -0.4%
Net Income $-45,439 $14,485 -4.1%
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
12
Independent Members
12
Employees
3
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
12
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAY RIORDAN VICE-CHAIRPE 3.00
Officer Director
$0 $0 $0
DEAN SULLIVAN BOARD MEMBER 2.00
Officer Director
$0 $0 $0
CHERISE HANSSON CHAIRPERSON 3.00
Officer Director
$0 $0 $0
ANNA PATEL SECRETARY 2.00
Officer Director
$0 $0 $0
STEPHEN PECK TREASURER 5.00
Officer Director
$0 $0 $0
GLORIA ZION BOARD MEMBER 2.00
Officer Director
$0 $0 $0
JUDY SALAMACHA BOARD MEMBER 2.00
Officer Director
$0 $0 $0
PAUL BOISCLAIR BOARD MEMBER 3.00
Officer Director
$0 $0 $0
BOB FOWLER BOARD MEMBER 2.00
Officer Director
$0 $0 $0
LEXY JACOBS BOARD MEMBER 2.00
Officer Director
$0 $0 $0
RYAN BELVINS BOARD MEMBER 2.00
Officer Director
$0 $0 $0
LOREN LEIDINGER BOARD MEMBER 2.00
Officer 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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $269,483 $314,922 $153,305 $-45,439
2022 $527,677 $513,192 $220,838 $14,485
2021 $244,406 $204,381 $206,053 $40,025
2020 $210,444 $231,884 $167,621 $-21,440
2019 $121,682 $115,391 $111,044 $6,291
2018 $239,776 $213,699 $101,865 $26,077
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