SANTA CLARITA VALLEY ECONOMIC DEVELOPMENT CORPORATION (EIN 270385918) - Form 990 Financial Analysis & Trantor Score

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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

2009

Legal Domicile

Principal Officer

ONDRE SELTZER

Phone

6612884400

Tax Period

2024-01-01 to 2024-12-31

SANTA CLARITA VALLEY ECONOMIC DEVELOPMENT CORPORATION, founded in 2009, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2024. The organization ran a surplus of $171K, a strong 15% operating margin.

Mission

TO SUPPORT THE CREATION OF HIGH PAYING JOBS FOR OUR TRAINED WORKFORCE AND RAISE THE PROFILE OF THE SANTA CLARITA VALLEY THROUGH BUSINESS RETENTION, BUSINESS ATTRACTION, MARKETING, AND DATA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $930,640

Program Service Revenue $175,352

Investment Income $34,843

Other Revenue $0

TOTAL REVENUE $1,140,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $535,248

Fundraising Expenses $0

Program Expenses $872,849

Other Expenses $434,250

TOTAL EXPENSES $969,498

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,140,835	$1,079,330	+0.1%
Expenses	$969,498	$1,012,606	0.0%
Net Income	$171,337	$66,724	+1.6%

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

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

$291,478

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM BROWNING	DIRECTOR	1.00	Director	$0	$0	$0
ADEL VILLALOBOS	DIRECTOR	1.00	Director	$0	$0	$0
ANA FONSECA	DIRECTOR	3.00	Officer Director	$0	$0	$0
BRIAN KITE	DIRECTOR	1.00	Director	$0	$0	$0
CAL NAULLS	DIRECTOR	1.00	Director	$0	$0	$0
CALVIN HEDMAN	CO-CHAIRMAN OF THE BOARD/C	6.00	Officer Director	$0	$0	$0
CRAIG MCCRARY	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG PETERS	DIRECTOR	1.00	Director	$0	$0	$0
DALE DONOHOE	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL FAINA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MOLNAR	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RENDALL	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS VERNER	DIRECTOR	1.00	Director	$0	$0	$0
DIANNE VAN HOOK	SECRETARY	3.00	Officer Director	$0	$0	$0
DON FLEMING	DIRECTOR	3.00	Officer Director	$0	$0	$0
DONALD L KIMBALL	CO-CHAIR/SECRETARY	6.00	Officer Director	$0	$0	$0
EVAN FAUCETTE	DIRECTOR	1.00	Director	$0	$0	$0
GARY HORTON	DIRECTOR	1.00	Director	$0	$0	$0
GARY SAENGER	DIRECTOR	1.00	Director	$0	$0	$0
HENRY RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
JAY SCHUTZ	DIRECTOR	1.00	Director	$0	$0	$0
JEFF HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
JEFF WEBER	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY STEPAN	DIRECTOR	1.00	Director	$0	$0	$0
JEY LACEY	DIRECTOR	1.00	Director	$0	$0	$0
JIM BACKER	DIRECTOR	1.00	Director	$0	$0	$0
JIM TANNER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BECK	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PRABHU	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SHAFFERY	CO-DIRECTOR	3.00	Officer Director	$0	$0	$0
JOHN VANCE	DIRECTOR	1.00	Director	$0	$0	$0
KEN STRIPLIN	DIRECTOR	3.00	Officer Director	$0	$0	$0
KEVIN KLOKENGA	DIRECTOR	3.00	Officer Director	$0	$0	$0
MARIA HIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
MARCIE WASHBURN	DIRECTOR	1.00	Director	$0	$0	$0
MARISOL ESPINOZA	DIRECTOR	1.00	Director	$0	$0	$0
MATT DIERKMAN	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW SHEPHERD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DELORENZO	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PERLMUTTER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE ALFRED	DIRECTOR	1.00	Director	$0	$0	$0
MITZI LIKE	DIRECTOR	1.00	Director	$0	$0	$0
NATE PATENA	DIRECTOR	3.00	Officer Director	$0	$0	$0
NEAL WEICHEL	DIRECTOR	1.00	Director	$0	$0	$0
NICK JACOBY	DIRECTOR	3.00	Officer Director	$0	$0	$0
PHILIP TSUI	DIRECTOR	1.00	Director	$0	$0	$0
RAVI S RAJAN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE ENGLISH	DIRECTOR	3.00	Officer Director	$0	$0	$0
STEPHANIE WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE CASSULO	DIRECTOR	1.00	Director	$0	$0	$0
TAMARA GURNEY	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS DIPRIMA	DIRECTOR	1.00	Director	$0	$0	$0
TREVOR MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM SLOAN	DIRECTOR	1.00	Director	$0	$0	$0
JASON BEAMAN	DIRECTOR	3.00	Officer Director	$0	$0	$0
JEY WAGNER	PRESIDENT	40.00	Officer	$114,160	$25,350	$139,510
ONDRE SELTZER	PRESIDENT	40.00	Officer	$137,601	$14,367	$151,968

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	$1,140,835	$969,498	$1,139,620	$171,337
2023	$1,079,330	$1,012,606	$979,487	$66,724
2022	$976,784	$880,194	$1,045,993	$96,590
2021	$960,531	$909,512	$937,048	$51,019
2020	$842,148	$966,648	$860,680	$-124,500
2019	$754,850	$909,649	$947,206	$-154,799
2018	$1,076,593	$927,622	$1,089,181	$148,971

SANTA CLARITA VALLEY ECONOMIC DEVELOPMENT CORPORATION