GREATER IRVINE CHAMBER OF COMMERCE

EIN: 953433541

Irvine, CA

Total Revenue
$1,107,399
Total Expenses
$1,550,550
Total Assets
$553,286
Net Assets
$-33,149
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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
1979
Legal Domicile
CA
Principal Officer
DAVID COFFARO
Phone
9496609112
Tax Period
2024-07-01 to 2025-06-30

GREATER IRVINE CHAMBER OF COMMERCE, founded in 1979, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $1.6M exceeded revenue, resulting in a 40% operating deficit.

Mission

TO ADVANCE THE ECONOMIC VITALITY OF GREATER IRVINE.

Program Service Accomplishments

Program 1
Expenses: $1,550,550

MEMBERSHIP SERVICES RECRUITS AND RETAINS MEMBERS AND OFFERS BUSINESS GROWTH SUPPORT THROUGH ITS LEADERSHIP PROGRAM, EDUCATIONAL AND NETWORKING EVENTS, AWARD RECOGNITIONS, AND BY FACILITATING BUSINESS...

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MEMBERSHIP SERVICES RECRUITS AND RETAINS MEMBERS AND OFFERS BUSINESS GROWTH SUPPORT THROUGH ITS LEADERSHIP PROGRAM, EDUCATIONAL AND NETWORKING EVENTS, AWARD RECOGNITIONS, AND BY FACILITATING BUSINESS CELEBRATIONS FOR MEMBERS. THE CHAMBER OFFERS MORE THAN 400 EVENTS ANNUALLY FROM INFORMAL TO SIGNATURE EVENTS THAT ATTRACT FROM 40 TO 800 GUESTS, RESPECTIVELY, PROVIDING NETWORKING, EDUCATIONAL, AND BUSINESS GROWTH OPPORTUNITIES TO CHAMBER MEMBERS AND BUSINESS AND COMMUNITY LEADERS AT LARGE. THE CHAMBERS COMMUNICATIONS STRATEGY FOCUSES ON BRANDING, AWARENESS, AND ENGAGEMENT TO ENHANCE THE VALUE OF THE CHAMBER AND ITS MISSION: TO ADVANCE THE ECONOMIC VITALITY OF GREATER IRVINE. THE CHAMBER COMMUNICATES ITS MISSION, CORE VALUES, AND ACCOMPLISHMENTS TO LOCAL, REGIONAL, NATIONAL, AND GLOBAL AUDIENCES. THE SCOPE OF WORK INCLUDES BRANDING, MARKETING, DIGITAL CONTENT, WEBSITES, PRINT COLLATERAL, NEWS, SOCIAL MEDIA, VIDEO CONTENT AND MEDIA, MEMBER, AND PUBLIC RELATIONS. THE CHAMBER ALSO ADVOCATES FOR BUSINESS-FRIENDLY LEGISLATION AT THE LOCAL, STATE, AND NATIONAL LEVELS. THE CHAMBERS GOVERNMENT AFFAIRS COMMITTEE HOLDS REGULAR MEETINGS THAT ARE OPEN TO MEMBERS AND GUESTS TO HEAR REPORTS FROM ELECTED OFFICALS AND EXPERTS.

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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 $453,677
Program Service Revenue $645,452
Investment Income $0
Other Revenue $8,270
TOTAL REVENUE $1,107,399

Expense Breakdown

Grants Paid $0
Salaries & Benefits $680,532
Fundraising Expenses $0
Program Expenses $1,550,550
Other Expenses $870,018
TOTAL EXPENSES $1,550,550

Year-over-Year Comparison

2024 2023 Change
Revenue $1,107,399 $734,713 +0.5%
Expenses $1,550,550 $1,775,267 -0.1%
Net Income $-443,151 $-1,040,554 -0.6%
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

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Governance

Voting Members
21
Independent Members
21
Employees
9
Volunteers
250

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
3
$123,910
Total Directors
22
$0
Key Employees
1
$123,910
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SANDRA CROUCH VP FIN PARTNERSHIPS 0.00
Officer Key Emp
$123,910 $0 $123,910
CYNTHIA QUIMBY DIRECTOR 0.50
Director
$0 $0 $0
CLARISSA SERPAS DIRECTOR 0.50
Director
$0 $0 $0
LISA PETERSON DIRECTOR 0.50
Director
$0 $0 $0
SHERRY MAIN DIRECTOR 0.50
Director
$0 $0 $0
JAS KAUR DIRECTOR 0.50
Director
$0 $0 $0
LISA THOMAS DIRECTOR 0.50
Director
$0 $0 $0
VIVIAN ATKINSON DIRECTOR 0.50
Director
$0 $0 $0
STEVEN GREYSHOCK DIRECTOR 0.50
Director
$0 $0 $0
PAUL CASTILLO DIRECTOR 0.50
Director
$0 $0 $0
WENDY AID DIRECTOR 0.50
Director
$0 $0 $0
CLAIRE NA DIRECTOR 0.50
Director
$0 $0 $0
EVAN HITTER DIRECTOR 0.50
Director
$0 $0 $0
DAVID FELDBERG DIRECTOR 0.50
Director
$0 $0 $0
CHRISTOPHER JIN DIRECTOR 0.50
Director
$0 $0 $0
SCOTT JOHNSON DIRECTOR 0.50
Director
$0 $0 $0
TIM JAEGER DIRECTOR 0.50
Director
$0 $0 $0
WAYNE STICKNEY DIRECTOR 0.50
Director
$0 $0 $0
MIKE MERCHANT DIRECTOR 0.50
Director
$0 $0 $0
GORKEM WILSON DIRECTOR 0.50
Director
$0 $0 $0
CARLOS OREGON DIRECTOR 0.50
Director
$0 $0 $0
DAVID COFFARO PRESIDENT & CFO CONSULTANT 40.00
Officer Director
$0 $0 $0
LAURA PERDEW VP COMM MEMBERS 40.00
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 $1,107,399 $1,550,550 $553,286 $-443,151
2024 $734,713 $1,775,267 $1,295,534 $-1,040,554
2023 $3,888,865 $4,103,403 $2,284,838 $-214,538
2022 $3,532,412 $3,099,009 $2,589,302 $433,403
2021 $2,529,075 $2,232,806 $2,229,418 $296,269
2020 $3,243,473 $3,755,497 $1,584,798 $-512,024
2019 $4,169,758 $4,146,875 $2,147,709 $22,883
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