Murrieta Chamber of Commerce

EIN: 956111677

Murrieta, CA

Total Revenue
$1,278,254
Total Expenses
$1,318,355
Total Assets
$451,499
Net Assets
$392,855
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
CA
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.

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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 $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

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Governance

Voting Members
20
Independent Members
20
Employees
10
Volunteers
50

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
5
$218,872
Total Directors
19
$6,125
Key Employees
0
$0
Highest Compensated
0
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
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