Murrieta Chamber of Commerce

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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

1960

Legal Domicile

Principal Officer

Patrick Ellis

Phone

9516777916

Tax Period

2024-01-01 to 2024-12-31

Murrieta Chamber of Commerce, founded in 1960, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

The purpose and mission of the Murrieta / Wildomar Chamber of Commerce is to enhance and support the growth and development of its members. The Chamber works to create and maintain a favorable environment for businesses in the cities of Murrieta and Wildomar, as a means to enhance socioeconomic well-being.

Program Service Accomplishments

Program 1

Provide advertising, marketing, resources, and promotional services to our members. This includes advertising to our local community, as well as providing businesses with the resources and tools...

Provide advertising, marketing, resources, and promotional services to our members. This includes advertising to our local community, as well as providing businesses with the resources and tools necessary to manage successful ventures.

Program 2

The breakfasts, luncheons, and other networking mixers are held on a regular basis to provide information about community functions and an opportunity for networking among the members. Several...

The breakfasts, luncheons, and other networking mixers are held on a regular basis to provide information about community functions and an opportunity for networking among the members. Several virtual monthly networking breakfasts and other mixers were held, bringing together hundreds of businesses to the Murrieta / Wildomar community.

Program 3

Business education and learning events allow members to gain greater understanding of best practices in conducting business in the community, as well as an understanding of the business environment. These include the State of the City, Economic Outlook, website workshops, and other informative events.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,004,681

Program Service Revenue $314,950

Investment Income $647

Other Revenue $-42,024

TOTAL REVENUE $1,278,254

Expense Breakdown

Grants Paid $9,900

Salaries & Benefits $504,174

Fundraising Expenses $0

Other Expenses $804,281

TOTAL EXPENSES $1,318,355

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,278,254	$1,169,532	+0.1%
Expenses	$1,318,355	$1,160,864	+0.1%
Net Income	$-40,101	$8,668	-5.6%

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

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

$218,872

Total Directors

$6,125

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrick Ellis	CEO	40.00	Officer	$189,777	$29,095	$218,872
Eddie Binder	Director	5.00	Director	$0	$6,125	$6,125
Brandon Moore	Director	2.00	Director	$0	$0	$0
Danielle Coats	Director	2.00	Director	$0	$0	$0
Daneen Ashworth	Chairman	3.00	Officer Director	$0	$0	$0
Nicole Albrecht	Treasurer	3.00	Officer Director	$0	$0	$0
Jeremy Goldman	Director	2.00	Director	$0	$0	$0
Tracy Bouvet	Director	2.00	Director	$0	$0	$0
James Hicken	Director	2.00	Director	$0	$0	$0
Derric Gonzalez	Director	2.00	Director	$0	$0	$0
Rene Tovar MSN RN	Director	2.00	Director	$0	$0	$0
Benjamin Diederich	Director	2.00	Director	$0	$0	$0
Chris Keyson	Director	2.00	Director	$0	$0	$0
Andrea Shoup	Director	2.00	Director	$0	$0	$0
Alistair Machoka	Director	2.00	Director	$0	$0	$0
Lisa DeWitt	Director	2.00	Director	$0	$0	$0
Amy Blackwell	Director	2.00	Director	$0	$0	$0
Sandy Word	Secretary	3.00	Officer Director	$0	$0	$0
Terrance Tucker	Director	2.00	Director	$0	$0	$0
Jay Diallo	Vice Chair	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
2024	$1,278,254	$1,318,355	$451,499	$-40,101
2023	$1,169,532	$1,160,864	$488,888	$8,668
2022	$1,067,925	$1,098,315	$487,814	$-30,390
2021	$1,551,965	$1,349,767	$510,791	$202,198
2020	$1,369,718	$1,381,494	$427,209	$-11,776
2019	$1,684,358	$1,561,515	$294,516	$122,843
2018	$614,646	$621,355	$186,044	$-6,709