HART ECONOMIC DEVELOPMENT CORPORATION (EIN 261384924) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

STANLEY DYER

Phone

8069382171

Tax Period

2024-10-01 to 2025-09-30

HART ECONOMIC DEVELOPMENT CORPORATION, founded in 2007, is a micro nonprofit in the Community Improvement sector that reported $28K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6K, a strong 21% operating margin.

Mission

THE PURPOSE OF THE HART ECONOMIC DEVELOPMENT CORPORATION IS TO PROMOTE AND DEVELOP INDUSTRIAL, MANUFACTURING, AND RETAIL ENTERPRISES, AND TO PROMOTE AND DEVELOP NEW BUSINESS ENTERPRISES, AND TO PROMOTE AND ENCOURAGE EMPLOYMENT AND THE PUBLIC WELFARE OF, FOR, AND ON BEHALF OF THE CITY AS PROVIDED BY THE DEVELOPMENT CORPORATION ACT OF 1979 AND ITS AMENDMENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,256

Other Revenue $26,312

TOTAL REVENUE $27,568

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,862

Other Expenses $21,862

TOTAL EXPENSES $21,862

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,568	$22,613	+0.2%
Expenses	$21,862	$24,962	-0.1%
Net Income	$5,706	$-2,349	-3.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EZEKIEL BARRON	SECRETARY	N/A	Director	$0	$0	$0
STANLEY DYER	PRESIDENT	N/A	Officer Director	$0	$0	$0
ROY GONZALES	DIRECTOR	N/A	Director	$0	$0	$0
MONICA GUZMAN	DIRECTOR	N/A	Director	$0	$0	$0
PAUL RAMIREZ	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
MARIA VEGA	DIRECTOR	N/A	Director	$0	$0	$0

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
2025	$27,568	$21,862	$197,023	$5,706
2024	$22,613	$24,962	$184,007	$-2,349
2023	$26,619	$3,570	$174,813	$23,049
2022	$22,658	$4,647	$149,567	$18,011
2021	$33,815	$29,001	$141,980	$4,814
2020	$17,288	$6,088	$136,554	$11,200
2019	$18,485	$6,581	$124,811	$11,904
2018	$41,335	$11,178	$115,035	$30,157

HART ECONOMIC DEVELOPMENT CORPORATION