Monrovia Chamber of Commerce

Nonprofit profile at a glance

EIN
951019540
IRS 990 coverage
2014–2022
Official website data refreshed
Sep 2026
Forms available
Form 990 2022
Location
Monrovia, CA, US
Phone
(626) 358-1159
Rating
32
Verdict
REVIEW
Rating confidence
Moderate

Official website

Reported finances

Revenue
$211,034
Expenses
$264,339
Assets
$128,346
Liabilities
$54,775

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • Matthew Goo (Vice President)
  • Kelly F Ryan (President)

Highest reported compensation

  • Juliana Onate (Executive Dir.): $20,672 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide and develop better business opportunities for current and new business ventures located in the city of monrovia.

What it reported doing in 2022

The Monrovia Chamber of Commerce sponsors business networking events and members-only networking lunches. The Monrovia Insider Magazine with community related articles is distributed on-line. The Chamber participates in economic development meetings and government legislative events and meetings. Additionally, the Monrovia Chamber of Commerce held the Mayor's Prayer Breakfast and the Annual Community Awards Banquet. The Chamber hosted ribbon-cutting events for new and re-established businesses and contacted each new business to Monrovia.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 15
  • Transparency & Controls: 82
  • Accountability: 0
  • Sustainability: 18
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 17.6%; rating input score 18
  • Program expense ratio: 14.1%; rating input score 14
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
  • Governance controls: 0 of 7 controls in place; rating input score 0
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -25.3%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 0.49; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 0.43; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 7.8%; rating input score 32; 32nd percentile among comparable filings

Growth

  • Program expense growth: -7.4% per year; rating input score 0; 15th percentile among comparable filings
  • Revenue growth: -3.3% per year; rating input score 0; 17th percentile among comparable filings
  • Asset growth: 5% per year; rating input score 100; 48th percentile among comparable filings

Details

  • What they do: 3 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 17.6% of revenue deployed · 14.1% of spending went to programs
  • Governance: 0 of 13 board members independent · 0 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $37K in reported program spending
  • Leadership: top reported pay $21K · 13 people listed
  • Consistency: 22 of 23 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 9 filing years from 2014 to 2022
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 18/100.
  • High — Financial Efficiency: Program expense ratio scored 14/100.
  • High — Accountability: Independent voting board scored 0/100.
  • High — Accountability: Governance controls: 6 of 6 not reported.
  • High — Sustainability: Operating margin scored 13/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.
  • Moderate — Sustainability: Officer compensation ratio scored 32/100.