LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION

EIN: 952597392 501(c)(3) Philanthropy & Grantmaking

LOS ANGELES, CA

Total Revenue
$777,096
Total Expenses
$1,130,325
Total Assets
$393,356
Net Assets
$-290,986
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
CA
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

ADVANCE AND SUPPORT EFFORTS THAT ELIMINATE BARRIERS AND MAXIMIZE OPPORTUNITIES FOR ECONOMIC PROSPERITY.

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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 $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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Governance

Voting Members
46
Independent Members
45
Employees
N/A
Volunteers
45

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
7
$1,059,294
Total Directors
46
$701,311
Key Employees
0
$0
Highest Compensated
2
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
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