Salinas Valley Chamber of Commerce

Nonprofit profile at a glance

EIN
940832000
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Salinas, CA, USA
Phone
8317517725
Rating confidence
Limited

Official website

Reported finances

Revenue
$699,284
Expenses
$690,211
Assets
$527,185
Liabilities
$46,579

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • KARIN MOSS (CEO (THRU JUNE 2024))

Highest reported compensation

  • KARIN MOSS (CEO (THRU JUNE 2024)): $75,750 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To assist the salinas valley business community.

What it reported doing in 2024

The salinas valley chamber of commerce is an association of businesses organized to build a strong local economy by promoting sound government and an informed community. In 2024, the chamber celebrated its 106th year of business advocacy and continued its work as demonstrated by: - providing robust membership and marketing services for more than 700 members - conducting approximately 50 ribbon cuttings, mixers, lunch & learn, and networking opportunities for 75+ local businesses and organizations. - keeping the community informed through the 12 issues - 17,000 copies - of the business journal delivered to more than 35 locations throughout monterey county and distributed virtually to over 3,000 contacts each month. - communicating regularly with membership and greater business community through the organization's social media platforms (43,000+ average monthly reach), chamber website (4,000 average active monthly users). - facilitating 12 meetings of the government relations committee addressing more than 20 topics of interest to chamber members with an average attendance of 20 business leaders. - producing three sold-out signature events including the legacy of leadership breakfast, the annual awards luncheon with more than 400 guests, as well as the legacy of leadership gala.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 90
  • Accountability: 90
  • Sustainability: 38
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 1.3%; rating input score 40; 40th percentile among comparable filings
  • Total-asset coverage ratio: 0.76; rating input score 34; 34th percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 44; 44th percentile among comparable filings
  • Officer compensation ratio: 11%; rating input score 34; 34th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 3.8% per year; rating input score 100; 36th percentile among comparable filings
  • Asset growth: 13.6% per year; rating input score 100; 69th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 15 of 15 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $536K in reported program spending
  • Leadership: top reported pay $76K · 18 people listed
  • Consistency: 11 of 11 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.

  • Moderate — Sustainability: Operating margin scored 40/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
  • Moderate — Sustainability: Officer compensation ratio scored 34/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 44/100.