EMERGING MARKETS DEVELOPMENT CORPORATION

EIN: 270574694 501(c)(3) Community Improvement

PALM SPRINGS, CA

Total Revenue
$731,000
Total Expenses
$637,602
Total Assets
$866,544
Net Assets
$866,544
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
CA
Principal Officer
ELWOOD HOPKINS
Phone
3234650406
Tax Period
2024-01-01 to 2024-12-31

EMERGING MARKETS DEVELOPMENT CORPORATION, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $731K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $638K left a modest 13% surplus.

Mission

Builds the capacity of communities, via nonprofit networks, to partner with the private sector in economic development activities.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $731,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $731,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $622,617
Other Expenses $637,602
TOTAL EXPENSES $637,602

Year-over-Year Comparison

2024 2023 Change
Revenue $731,000 $1,165,000 -0.4%
Expenses $637,602 $419,753 +0.5%
Net Income $93,398 $745,247 -0.9%
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

Sign In

Governance

Voting Members
5
Independent Members
4
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
1
$214,046
Total Directors
6
$214,046
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELWOOD HOPKINS CEO 003.00
Officer Director
$0 $0 $214,046
THOMAS TSENG DIRECTOR N/A
Director
$0 $0 $0
DANIEL TELLALIAN FORMER 002.31
Director
$0 $0 $0
JAN MCELWEE DIRECTOR 001.00
Director
$0 $0 $0
RAUL P LOMELI-AZOUBEL DIRECTOR 001.00
Director
$0 $0 $0
TROOPER SANDERS 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
2024 $731,000 $637,602 $866,544 $93,398
2023 $1,165,000 $419,753 $773,146 $745,247
2022 No data $229,326 $27,899 No data
2021 $100,000 $112,055 $257,225 $-12,055
2020 $100,000 $88,974 $269,280 $11,026
2019 $275,000 $219,696 $258,254 $55,304
2018 No data $177,771 $202,950 No data
Explore More Nonprofits
Top 100 Nonprofits in California Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare EMERGING MARKETS DEVELOPMENT CORPORATION with other nonprofits in California and across the country.