San Joaquin County Hispanic Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 237195741
- IRS 990 coverage
- 2011–2023
- Forms available
- Form 990 2023
- Location
- Stockton, CA, USA
- Phone
- 2099436117
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $446,357
- Expenses
- $479,158
- Assets
- $98,456
- Liabilities
- $46,170
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- EDDIE LIRA (PRESIDENT)
- JOHN FREEMAN (PAST-PRESIDENT)
- LISA VELA (CEO)
Highest reported compensation
- LISA VELA (CEO): $100,100 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The san joaquin county hispanic chamber of commerce represents the interest of over 250 members, many of whom are small business owners. Established in 1972 as the stockton mexican american chamber of commerce, the chamber provides assistance in opening businesses, accessing capital, business plans, and links members-to-members through its many programs, workshops, and events held throughout the year. In addition, the chamber serves as a source of referrals for the agencies and organizations needing information about the local hispanic market and community.the chamber was prevented from holding many of the programs because of covid-19 restrictions forcing deferral of some services until restrictions were lifted.
What it reported doing in 2023
Business workshops, presentations, and assistance in opening businesses, accessing capital and links members-to-members through its many events held throughout the year
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 92
- Accountability: 65
- Sustainability: 17
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.1%; rating input score 69
- Program expense ratio: 64.4%; rating input score 64
- Fundraising efficiency: $5.92 raised per $1 spent on fundraising; rating input score 25; 25th percentile among comparable filings
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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 92.9%; rating input score 93; 25th percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -7.3%; rating input score 27; 27th percentile among comparable filings
- Total-asset coverage ratio: 0.21; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: 0.47; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: 6.1% per year; rating input score 100; 59th percentile among comparable filings
- Revenue growth: 3.7% per year; rating input score 100; 48th percentile among comparable filings
- Asset growth: 0.9% per year; rating input score 100; 30th percentile among comparable filings
Details
- Where the money goes: 69.1% of revenue deployed · 64.4% of spending went to programs
- Governance: 13 of 14 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $308K in reported program spending
- Leadership: top reported pay $100K · 14 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 13 filing years from 2011 to 2023
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 — Accountability: Governance controls: 6 of 8 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 25/100.
- High — Sustainability: Operating margin scored 27/100.
- High — Sustainability: Total-asset coverage ratio scored 11/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.