TEAMCALIFORNIA ECONOMIC DEVELOPMEN… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

ROBIN REIMOLD

Phone

9492785719

Tax Period

2023-07-01 to 2024-06-30

TEAMCALIFORNIA ECONOMIC DEVELOPMENT CORP, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $410K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE BUSINESS INVESTMENT AND GROWTH WITHIN CALIFORNIA TO CREATE JOBS FOR CALIFORNIANS.

Program Service Accomplishments

Program 1

Expenses: $345,505 Revenue: $409,964

OPERATIONS OF TEAMCALIFORNIA PROVIDE RESOURCES AND EXPERTISE TO PROMOTE BUSINESS INVESTMENT AND GROWTH WITHIN CALIFORNIA THROUGH INTERNET ADVERTISING, TRADE SHOWS, PUBLIC RELATIONS, AND BUSINESS...

OPERATIONS OF TEAMCALIFORNIA PROVIDE RESOURCES AND EXPERTISE TO PROMOTE BUSINESS INVESTMENT AND GROWTH WITHIN CALIFORNIA THROUGH INTERNET ADVERTISING, TRADE SHOWS, PUBLIC RELATIONS, AND BUSINESS MISSIONS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $409,964

Investment Income $0

Other Revenue $0

TOTAL REVENUE $409,964

Expense Breakdown

Grants Paid $0

Salaries & Benefits $197,418

Fundraising Expenses $0

Program Expenses $345,505

Other Expenses $215,372

TOTAL EXPENSES $412,790

Year-over-Year Comparison

	2023	2022	Change
Revenue	$409,964	$366,573	+0.1%
Expenses	$412,790	$430,677	0.0%
Net Income	$-2,826	$-64,104	-1.0%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$119,369

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHELLEY BURCHAM	CHAIR	2.00	Officer Director	$0	$0	$0
RICHARD VAUGHN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DENNIS CONAGHAN	TREASURER	2.00	Officer Director	$0	$0	$0
GINA GONZALEZ	TREASURER	2.00	Officer Director	$0	$0	$0
BARBARA HARB	SECRETARY	2.00	Officer Director	$0	$0	$0
TIMOTHY KELLEY	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
LAWRENCE ACOSTA	DIRECTOR (LEFT 5/24)	1.00	Director	$0	$0	$0
GREG AGUIRRE	DIRECTOR	1.00	Director	$0	$0	$0
DARRELL DOAN	DIRECTOR	1.00	Director	$0	$0	$0
BOB GUTIERREZ	DIRECTOR	1.00	Director	$0	$0	$0
MARK HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA MCCLAIN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE NUBY	DIRECTOR (LEFT 7/23)	1.00	Director	$0	$0	$0
FRANK QUINTERO	DIRECTOR (LEFT 11/23)	1.00	Director	$0	$0	$0
KWAME REED	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY SCHROEDER	DIRECTOR (LEFT 8/23)	1.00	Director	$0	$0	$0
SOUA VANG	DIRECTOR	1.00	Director	$0	$0	$0
JEY WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WASHAM	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN REIMOLD	CEO	40.00	Officer	$109,192	$10,177	$119,369

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	$409,964	$412,790	$41,967	$-2,826
2023	$366,573	$430,677	$39,150	$-64,104
2022	$186,835	$291,584	$105,458	$-104,749
2021	$82,500	$152,309	$237,360	$-69,809
2020	$271,435	$187,552	$286,233	$83,883
2019	$317,945	$363,891	$204,900	$-45,946

TEAMCALIFORNIA ECONOMIC DEVELOPMENT CORP