Irwindale Chamber of Commerce Inc

EIN: 953615730

Irwindale, CA

Total Revenue
$235,947
Total Expenses
$282,459
Total Assets
$28,030
Net Assets
$4,734
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
CA
Phone
6269606606
Tax Period
2023-01-01 to 2023-12-31

Irwindale Chamber of Commerce Inc, founded in 1981, is a small nonprofit that reported $236K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $282K exceeded revenue, resulting in a 20% operating deficit.

Mission

Business and Civic Promotion for the businesses and residents of the City of Irwindale, CA

Program Service Accomplishments

Program 1
Expenses: $18,462 Revenue: $59,961

Award programs for Citizen of the Year, Business of the Year, Employee of the Year, and Young Citizens. Allows residents and businesses to nominate worthy candidates, who are honored at major dinner...

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Award programs for Citizen of the Year, Business of the Year, Employee of the Year, and Young Citizens. Allows residents and businesses to nominate worthy candidates, who are honored at major dinner event, which includes recognition by City Council and State Legislature. Also maintains Business of the Month program, which allows the City Council to publicly recognize the contributions of local businesses each month during Council meetings

Program 2
Expenses: $1,895 Revenue: $3,600

Monthly networking breakfasts to promote development of relationships between and among local businesses to encourage support of local businesses.

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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 $99,305
Program Service Revenue $89,412
Investment Income $794
Other Revenue $46,436
TOTAL REVENUE $235,947

Expense Breakdown

Grants Paid $0
Salaries & Benefits $164,837
Fundraising Expenses $5,443
Program Expenses $20,357
Other Expenses $117,622
TOTAL EXPENSES $282,459

Year-over-Year Comparison

2023 2022 Change
Revenue $235,947 $269,156 -0.1%
Expenses $282,459 $361,438 -0.2%
Net Income $-46,512 $-92,282 -0.5%
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
15

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
$46,732
Total Directors
13
$0
Key Employees
1
$46,732
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nicole Shahenian President 40.00
Officer Key Emp Highest
$46,732 $0 $46,732
Claudia Lin Chair of the Board 5.00
Director
$0 $0 $0
Ricardo Flores Vice Chair 2.00
Director
$0 $0 $0
John Edwards Vice Chair 2.00
Director
$0 $0 $0
Doris Ford Secretary 2.00
Director
$0 $0 $0
Victoria Rogers Treasurer 2.00
Director
$0 $0 $0
Rosemary Luna Immediate Past Chair 2.00
Director
$0 $0 $0
Steven Hillgren Director 2.00
Director
$0 $0 $0
Sharelle Jones Director 2.00
Director
$0 $0 $0
Steven Librenjak Director 2.00
Director
$0 $0 $0
Lucy Lin Director 2.00
Director
$0 $0 $0
Brandon Saeteurn Director 2.00
Director
$0 $0 $0
Andre Saldivar Director 2.00
Director
$0 $0 $0
Sharon Weissinger Director 2.00
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 $235,947 $282,459 $28,030 $-46,512
2022 $269,156 $361,438 $91,831 $-92,282
2021 $321,754 $276,692 $147,752 $45,062
2020 $167,466 $172,600 $171,321 $-5,134
2019 $260,264 $258,073 $155,339 $2,191
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