ECONOMIC DEVELOPMENT COALITION

EIN: 330428745

TEMECULA, CA

Total Revenue
$342,378
Total Expenses
$340,827
Total Assets
$147,647
Net Assets
$123,849
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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
1990
Legal Domicile
CA
Principal Officer
ADAM EVENTOV
Phone
9516949800
Tax Period
2023-07-01 to 2024-06-30

ECONOMIC DEVELOPMENT COALITION, founded in 1990, is a small nonprofit that reported $342K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum.

Mission

TO ACTIVELY PROMOTE ECONOMIC DEVELOPMENT IN SOUTHWEST RIVERSIDE COUNTY WHILE WORKING WITH VARIOUS CITIES, THE COUNTY OF RIVERSIDE AND THE LOCAL CHAMBERS OF COMMERCE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $297,968
Program Service Revenue $0
Investment Income $0
Other Revenue $44,410
TOTAL REVENUE $342,378

Expense Breakdown

Grants Paid $0
Salaries & Benefits $228,636
Fundraising Expenses $0
Program Expenses $25,961
Other Expenses $112,191
TOTAL EXPENSES $340,827

Year-over-Year Comparison

2023 2022 Change
Revenue $342,378 $247,423 +0.4%
Expenses $340,827 $239,178 +0.4%
Net Income $1,551 $8,245 -0.8%
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

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Governance

Voting Members
20
Independent Members
20
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
5
$0
Total Directors
16
$163,886
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARLENE WETTON EXECUTIVE BOARD MEMBER 1.50
Director
$0 $0 $0
ARMANDO VILLA EXECUTIVE BOARD MEMBER 1.50
Director
$0 $0 $0
JOSEPH TROYA EXECUTIVE BOARD MEMBER 1.50
Director
$0 $0 $0
AARON ADAMS EXECUTIVE BOARD MEMBER 1.50
Director
$0 $0 $0
JASON SIMPSON EXECUTIVE BOARD MEMBER 1.50
Director
$0 $0 $0
ROB MORAN EXECUTIVE BOARD MEMBER 1.50
Director
$0 $0 $0
DAN YORK EXECUTIVE BOARD MEMBER 1.50
Director
$0 $0 $0
JONATHAN JEAN-MARIE EXECUTIVE BOARD MEMBER 1.50
Director
$0 $0 $0
HEATHER HOLMES EXECUTIVE BOARD MEMBER 1.50
Director
$0 $0 $0
DON HITZEMAN EXECUTIVE BOARD MEMBER 2.50
Director
$0 $0 $0
ROXANNE ROUNDTREE EXECUTIVE BOARD MEMBER 1.50
Director
$0 $0 $0
CONNIE STOPHER EXECUTIVE DIRECTOR 40.00
Director
$163,886 $0 $163,886
SAMMY TOTAH EXECUTIVE BOARD MEMBER 1.50
Director
$0 $0 $0
REBECCA CHRISTOPHER EXECUTIVE BOARD MEMBER 1.50
Director
$0 $0 $0
CHERYL FUCHIGAMI-BOST EXECUTIVE BOARD MEMBER 1.50
Director
$0 $0 $0
DIANE STRAND EXECUTIVE BOARD MEMBER 1.50
Director
$0 $0 $0
ADAM EVENTOV PRESIDENT 2.50
Officer
$0 $0 $0
GINA GONZALEZ 1ST VICE PRESIDENT 2.50
Officer
$0 $0 $0
MATTHEW HYATT 2ND VICE PRESIDENT 2.50
Officer
$0 $0 $0
JANICE MRKRONJIC SECRETARY 2.50
Officer
$0 $0 $0
ANN SHAW TREASURER 2.50
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
2025 No data No data No data No data
2024 $342,378 $340,827 $147,647 $1,551
2023 $247,423 $239,178 $177,881 $8,245
2022 $227,935 $195,020 $131,376 $32,915
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