LONG BEACH ECONOMIC PARTNERSHIP

EIN: 275334557 501(c)(3) Community Improvement

LONG BEACH, CA

Total Revenue
$390,320
Total Expenses
$562,910
Total Assets
$330,812
Net Assets
$285,812
🔒

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
2014
Legal Domicile
CA
Principal Officer
RYAN ALTOON
Phone
5624364259
Tax Period
2023-01-01 to 2023-12-31

LONG BEACH ECONOMIC PARTNERSHIP, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $390K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $563K exceeded revenue, resulting in a 44% operating deficit.

Mission

LBEP'S MISSION IS TO BUILD ECONOMIC PROSPERITY THROUGH PARTNERSHIPS WITH BOTH PRIVATE AND PUBLIC ENTITIES, TO CREATE AND ACCELERATE GROWTH OPPORTUNITIES FOR INDIVIDUALS, BUSINESSES, AND THE CITY AT LARGE. LBEP PROMOTES, ENCOURAGES AND ENHANCES THE CREATION OF JOBS IN THE CITY OF LONG BEACH, CALIFORNIA THROUGH PROJECTS THAT ASSIST IN THE RETENTION OF EXISTING BUSINESSES/INDUSTRIES, THE ATTRACTION OF NEW BUSINESSES/INDUSTRIES AND BY AIDING THEIR DEVELOPMENT AND GROWTH.

Program Service Accomplishments

Program 1
Expenses: $84,068 Revenue: $68,350

ECONOMIC FORUM:OVER THE LAST THREE YEARS, THE LONG BEACH ECONOMIC PARTNERSHIP (LBEP) HAS HOSTED THE ECONOMIC FORUM ONLINE, WITH SPEAKERS FROM ACROSS INDUSTRY SECTORS AND VIRTUAL GUESTS FROM ALL OVER...

Read more

ECONOMIC FORUM:OVER THE LAST THREE YEARS, THE LONG BEACH ECONOMIC PARTNERSHIP (LBEP) HAS HOSTED THE ECONOMIC FORUM ONLINE, WITH SPEAKERS FROM ACROSS INDUSTRY SECTORS AND VIRTUAL GUESTS FROM ALL OVER THE COUNTRY AND AROUND THE WORLD. THESE EVENTS HAVE DIRECTLY LED TO INVESTMENT RIGHT HERE IN OUR CITY. WITH THIS IN MIND THE LBEP, IN COLLABORATION WITH CALIFORNIA STATE UNIVERSITY LONG BEACH (CSULB) AND THE CITY OF LONG BEACH, IS PLEASED TO BRING YOU THIS YEAR'S ACCELERATE LONG BEACH ECONOMIC FORUM, BACK IN PERSON AT THE LONG BEACH CONVENTION CENTER. LEAD ECONOMIST ROBERT KLEINHENZ WILL REPORT ON ECONOMIC TRENDS INCLUDING CONSUMER SPENDING, HOUSING, TRADE AND EMPLOYMENT, AND HIS ECONOMIC OUTLOOK WILL PROVIDE INFORMATION BUSINESS LEADERS NEED TO PLAN AND PREPARE FOR THE MONTHS AHEAD. REPRESENTATIVES FROM THE CITY AND ITS PARTNERS WILL SHARE THEIR THOUGHTS ON WHERE WE'RE HEADED AND HOW WE CAN INCREASE OPPORTUNITIES THROUGHOUT OUR REGION AND OUR BUSINESS COMMUNITY.

Program 2
Expenses: $16,510

SANTA FE CORRIDOR IMPROVEMENT:THANKS TO A GRANT FROM PROLOGIS, LBEP HAS COLLABORATED WITH THE COMMUNITY IN THE SANTA FE CORRIDOR TO MAKE IT SAFER, MORE BEAUTIFUL, AND EASIER FOR SMALL BUSINESSES TO...

Read more

SANTA FE CORRIDOR IMPROVEMENT:THANKS TO A GRANT FROM PROLOGIS, LBEP HAS COLLABORATED WITH THE COMMUNITY IN THE SANTA FE CORRIDOR TO MAKE IT SAFER, MORE BEAUTIFUL, AND EASIER FOR SMALL BUSINESSES TO ATTRACT CUSTOMERS BY PROVIDING DIRECT GRANTS FOR STOREFRONT IMPROVEMENTS, PUBLIC ART, COMMUNITY CLEAN UP DAYS, AND A NEIGHBORHOOD GARDEN.

Program 3
Expenses: $42,656

AAM:BUILDING UPON THE LONG BEACH LEGACY OF AEROSPACE INNOVATION, LBEP RECENTLY ANNOUNCED A PARTNERSHIP WITH WISK AERO, DEVELOPER OF THE FIRST ALL-ELECTRIC, SELF-FLYING AIR TAXI IN THE UNITED STATES...

Read more

AAM:BUILDING UPON THE LONG BEACH LEGACY OF AEROSPACE INNOVATION, LBEP RECENTLY ANNOUNCED A PARTNERSHIP WITH WISK AERO, DEVELOPER OF THE FIRST ALL-ELECTRIC, SELF-FLYING AIR TAXI IN THE UNITED STATES. LBEP FORMED THE ADVANCED AIR MOBILITY TASK FORCE, TO ENGAGE BUSINESSES, LOCAL GOVERNMENT AND COMMUNITY LEADERS TO STUDY THE FEASIBILITY OF BRINGING AAM TO SOUTHERN CALIFORNIA.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $321,970
Program Service Revenue $68,350
Investment Income $0
Other Revenue $0
TOTAL REVENUE $390,320

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $145,985
Other Expenses $562,910
TOTAL EXPENSES $562,910

Year-over-Year Comparison

2023 2022 Change
Revenue $390,320 $498,200 -0.2%
Expenses $562,910 $510,269 +0.1%
Net Income $-172,590 $-12,069 +13.3%
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
23
Independent Members
23
Employees
N/A
Volunteers
23

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
6
$0
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RYAN ALTOON CHAIR 5.00
Officer Director
$0 $0 $0
RANDAL HERNANDEZ VICE CHAIR 5.00
Officer Director
$0 $0 $0
TODD BAUER TREASURER 5.00
Officer Director
$0 $0 $0
ALICIA BERHOW DIRECTOR 2.00
Officer Director
$0 $0 $0
CAROLYN CALDWELL DIRECTOR 2.00
Officer Director
$0 $0 $0
SUNY LAY CHANG DIRECTOR 0.50
Director
$0 $0 $0
BLAIR COHN DIRECTOR 0.50
Director
$0 $0 $0
MARK GUILLEN DIRECTOR 0.50
Director
$0 $0 $0
JULIA HUANG DIRECTOR 0.50
Director
$0 $0 $0
SILVANO MERLO DIRECTOR 0.50
Director
$0 $0 $0
RANDY RAWLINGS DIRECTOR 0.50
Director
$0 $0 $0
JAYRO SANDOVAL DIRECTOR 0.50
Director
$0 $0 $0
CAMERON SMYTH DIRECTOR 0.50
Director
$0 $0 $0
EMILY JAMESON DIRECTOR 0.50
Director
$0 $0 $0
AARON PALMER DIRECTOR 0.50
Director
$0 $0 $0
JULIE TOMPANOS DIRECTOR 0.50
Director
$0 $0 $0
ADEY TESFAYE DIRECTOR 0.50
Director
$0 $0 $0
JOHN KEISLER DIRECTOR 0.50
Director
$0 $0 $0
WALTER LARKINS DIRECTOR 0.50
Director
$0 $0 $0
MARCELLE EPLEY DIRECTOR 0.50
Director
$0 $0 $0
RAVI MEHTA DIRECTOR 0.50
Director
$0 $0 $0
KRISTEN PUGH DIRECTOR 0.50
Director
$0 $0 $0
LISA REDDY DIRECTOR 0.50
Director
$0 $0 $0
LEAH GOOLD-HAWS SECRETARY 2.00
Officer
$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 No data No data No data No data
2023 $390,320 $562,910 $330,812 $-172,590
2022 $498,200 $510,269 $458,402 $-12,069
2021 $473,460 $382,564 $482,721 $90,896
2018 $462,404 $176,409 $303,219 $285,995
Explore More Nonprofits
Top 100 Nonprofits in California Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare LONG BEACH ECONOMIC PARTNERSHIP with other nonprofits in California and across the country.