LOS ANGELES AREA CHAMBER OF COMMER… - Form 990 Financial Data

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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

1968

Legal Domicile

Principal Officer

MARIA SALINAS

Phone

2135807521

Tax Period

2023-01-01 to 2023-12-31

LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION, founded in 1968, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $777K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 45% operating deficit.

Mission

VISION: THE CREATION OF A MORE DIVERSE, EQUITABLE, AND INCLUSIVE THRIVING REGION FOR ALL. MISSION: ADVANCE AND SUPPORT EFFORTS THAT ELIMINATE BARRIERS AND MAXIMIZE OPPORTUNITIES FOR ECONOMIC PROSPERITY. INITIATIVES: ENSURE THE LOS ANGELES REGION IS A DESIRABLE PLACE TO CONDUCT BUSINESS, AND WORK TO MAKE THE REGION AN AFFORDABLE PLACE TO LIVE, WORK, AND LEARN. PROMOTE AND SUPPORT EMERGING INDUSTRIES, BUSINESSES AND ENTREPRENEURS. PROMOTE INVESTMENTS IN INFRASTRUCTURE AND CONNECTIVITY THAT DRIVE THE REGIONAL ECONOMY. SUPPORT THE GEOGRAPHICALLY DIVERSE COMPOSITION OF THE ECONOMY.

Program Service Accomplishments

Program 1

Expenses: $1,037,999 Revenue: $46,270

THE CHAMBER FOUNDATION IMPLEMENTS TECHNICAL ASSISTANCE AND PROCUREMENT TRAINING, AND CONDUCTS WORKSHOPS TO INCREASE SMALL BUSINESS CAPACITY FOR SMALL BUSINESS IN COMMUNITIES THAT HAVE BEEN...

THE CHAMBER FOUNDATION IMPLEMENTS TECHNICAL ASSISTANCE AND PROCUREMENT TRAINING, AND CONDUCTS WORKSHOPS TO INCREASE SMALL BUSINESS CAPACITY FOR SMALL BUSINESS IN COMMUNITIES THAT HAVE BEEN HISTORICALLY UNDERSERVED. TO DATE, THE CHAMBER FOUNDATION HAS ASSISTED OVER 3,000 SMALL BUSINESSES DIRECTLY. THE RESILIENT BUSINESS ADVISORY PROVIDES ONE-ON-ONE ADVISORY AND CAPACITY BUILDING SERVICES TO SMALL BUSINESSES IN AREAS SUCH AS BUSINESS STRATEGY, MARKETING, ACCESS TO CAPITAL, AND CONTRACTING. THE ONELA INCLUSIVE PROCUREMENT PROGRAM TRAINS AND ASSISTS SMALL BUSINESS PARTICIPANTS IN CONTRACT OPPORTUNITIES WITH GOVERNMENT AGENCIES AND PRIVATE SECTOR COMPANIES. IN OUR RBA PROGRAM, WE HAVE PROVIDED 1132 SMALL BUSINESS WITH TECHNICAL ASSISTANCE WITH THE FOLLOWING DEMOGRAPHICS: 1. BLACK OWNED:33% 2. ASIAN OWNED: 7% 3. HISPANIC/LATINO OWNED: 13% 4. MULTI-RACIAL OWNED: 4% 5. VETERAN OWNED: 4% 6. WOMEN OWNED: 61% 7. LGBTQ+ OWNED: 6% THE PROCUREMENT TRAINING HAS RESULTED IN A TOTAL IMPACT OF $44 MILLION IN AWARDS AND BONDING CAPACITY.

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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 $730,782

Program Service Revenue $46,270

Investment Income $0

Other Revenue $44

TOTAL REVENUE $777,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $606,499

Fundraising Expenses $70,357

Program Expenses $1,037,999

Other Expenses $523,826

TOTAL EXPENSES $1,130,325

Year-over-Year Comparison

	2023	2022	Change
Revenue	$777,096	$1,220,365	-0.4%
Expenses	$1,130,325	$1,248,383	-0.1%
Net Income	$-353,229	$-28,018	+11.6%

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

N/A

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

$1,059,294

Total Directors

$701,311

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA SALINAS	PRESIDENT & CEO	3.00	Officer Director	$0	$31,311	$701,311
AG SPANOS	CHAIR	2.00	Officer Director	$0	$0	$0
JANET LAMKIN	FIRST VICE CHAIR	2.00	Officer Director	$0	$0	$0
MARK LOUCHHEIM	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
RAUL A ANAYA	DIRECTOR	1.00	Director	$0	$0	$0
ALAN ROTHENBERG	DIRECTOR	1.00	Director	$0	$0	$0
ANDY PARK	DIRECTOR	1.00	Director	$0	$0	$0
AUGUSTAVIA AUGIE J HAYDEL	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
BRISSA SOTELO-VARGAS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLENE DIMAS-PEINADO	DIRECTOR	1.00	Director	$0	$0	$0
DANA DEBEL	DIRECTOR	1.00	Director	$0	$0	$0
ERIN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
EUGENE GENE D SEROKA	DIRECTOR	1.00	Director	$0	$0	$0
FRAN INMAN	DIRECTOR	1.00	Director	$0	$0	$0
FRANCISCO RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
FRANCISCO URIBE	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE PLA	SECOND VICE CHAIR	2.00	Officer Director	$0	$0	$0
GREGORY T GEYER	TREASURER	2.00	Officer Director	$0	$0	$0
JAVIER CANO	DIRECTOR	1.00	Director	$0	$0	$0
JEFF WILSON	DIRECTOR	1.00	Director	$0	$0	$0
JEROLD B JERRY NEUMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOSE A HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH CZYZYK	DIRECTOR	1.00	Director	$0	$0	$0
JUAN SALAZAR	DIRECTOR	1.00	Director	$0	$0	$0
LARRY CHUNG	DIRECTOR	1.00	Director	$0	$0	$0
LISA PITNEY	DIRECTOR	1.00	Director	$0	$0	$0
LUPITA SANCHEZ-CORNEJO	DIRECTOR	1.00	Director	$0	$0	$0
MARIA CRISTINA CAMPOS	DIRECTOR	1.00	Director	$0	$0	$0
MARIO CORDERO	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN MARTY HODGETT	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN KINDEL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL OCHOA	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE RUIZ	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE GASKILL-HAMES	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE J SIMONIAN	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP R RECHT	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP TATE	DIRECTOR	1.00	Director	$0	$0	$0
RANDAL J HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN FINNEGAN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE NISSEN	DIRECTOR	1.00	Director	$0	$0	$0
SUNNY REELHORN PARR	DIRECTOR	1.00	Director	$0	$0	$0
TAYLOR HATHAWAY-ZEPEDA	DIRECTOR	1.00	Director	$0	$0	$0
TODD WILSON	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE FEUERBORN	DIRECTOR	1.00	Director	$0	$0	$0
WHITNEY O'NEILL-ENGLANDER	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN BREIDSPRECHER	CHIEF OPERATING OFFICER	3.00	Officer	$0	$35,438	$357,983
ANDREA NUNN	SR VICE PRES, INNOVATION & ENTREPRENUER	40.00	Highest	$0	$17,756	$235,366
PETER SAY SONG FOO	VICE PRESIDENT, ENTREPRENEURSHIP & WFD	40.00	Highest	$0	$21,135	$144,869

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	$777,096	$1,130,325	$393,356	$-353,229
2022	$1,220,365	$1,248,383	$600,724	$-28,018
2021	$188,100	$237,195	$495,999	$-49,095
2020	$591,571	$1,033,018	$225,747	$-441,447
2019	$4,210,751	$4,754,552	$1,281,333	$-543,801
2018	$4,422,995	$4,351,416	$1,930,165	$71,579

LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION