Santa Monica Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 951192245
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Santa Monica, CA, USA
- Phone
- 3103939825
- Rating confidence
- Limited
Reported finances
- Revenue
- $775,444
- Expenses
- $699,248
- Assets
- $540,461
- Liabilities
- $143,211
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
27 people listed
Executive titles in this filing
- JUDY KRUGER (PRESIDENT & CEO)
Highest reported compensation
- JUDY KRUGER (PRESIDENT & CEO): $141,429 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 advocate and represent business' interests in issues affecting the community of santa monica, California.
What it reported doing in 2024
The core purpose of the santa monica chamber of commerce is to foster, enable, and facilitate the success of santa monica businesses, so our community is financially healthy and all the people living, working, and playing in santa monica can enjoy a high quality of life. We are the 'go to' resource for advocacy, education, and resources for santa monica businesses and for the santa monica community overall. Our chamber members rely on and respect the value and benefits we consistently deliver. As a result, many if not most of our members participate in our programs because they are so relevant, pertinent, and 'business cool.' our members feel that our programs are events 'that can't be missed and 'can't live without'. They feel the chamber and our programs are integral to their financial and organizational success. We work very closely with and are considered a strategic, trusted partner by the city of santa monica. We are a national model for creating and sustaining strategic partnerships with organizations that support business success resulting in a vibrant, economically healthy santa monica. Our chamber committees and task forces are well led and enjoy strong support and chamber member participation. The chamber is financially self sustaining. We are committed to environmental leadership and serve as a model for environmental stewardship for our city and our members. During the current year, the chamber sponsored 6 events and programs serving the business community in santa monica.
Operating model
- Revenue model
- Earned-program. 99% 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
- 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: 79
- Sustainability: 44
- Growth: 20
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: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- 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: 9.8%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 0.77; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0.26; rating input score 27; 27th percentile among comparable filings
- Officer compensation ratio: 20.2%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: -10.3% per year; rating input score 0; 4th percentile among comparable filings
- Revenue growth: -3.6% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: 2.6% per year; rating input score 100; 28th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 26 of 26 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $141K · 27 people listed
- Consistency: 11 of 11 current checks pass
- Schedules: 3 filed schedules
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- High — Sustainability: Officer compensation ratio scored 15/100.
- High — Sustainability: Liabilities to assets ratio scored 27/100.