PALM SPRINGS, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)COACHELLA VALLEY ECONOMIC PARTNERSHIP, founded in 1994, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2022. Expenses of $1.3M exceeded revenue, resulting in a 11% operating deficit.
CVEP SERVES INNOVATORS AND ENTREPRENEURS AT EVERY STAGE OF BUSINESS FROM INCUBATION TO LAUNCH TO DAILY OPERATION. THE ORGANIZATION MANAGES THE PALM SPRINGS IHUB, THE BUSINESS SERVICES CENTER AND ORGANIZES A ROBUST SCHEDULE OF PROFESSIONAL TRAINING EVENTS.
FOSTER ECONOMIC DEVELOPMENT IN THE COACHELLA VALLEY THROUGH EDUCATIONAL PROGRAMS AND MARKETING THE AREA TO ATTRACT BUSINESSES. CVEP BRINGS TOGETHER THE REGION'S PARTNERS INCLUDING BUSINESSES OF EVERY...
FOSTER ECONOMIC DEVELOPMENT IN THE COACHELLA VALLEY THROUGH EDUCATIONAL PROGRAMS AND MARKETING THE AREA TO ATTRACT BUSINESSES. CVEP BRINGS TOGETHER THE REGION'S PARTNERS INCLUDING BUSINESSES OF EVERY SIZE, THE NINE CITIES, UNINCORPORATED AREAS, THE TRIBAL GOVERNMENTS, REGIONAL GOVERNMENTS, AND THE GREATER PALM SPRINGS CONVENTION & VISITORS BUREAU TO MAKE OUR REGION A BETTER PLACE TO PROSPER IN A YEAR ROUND ECONOMY.THE PALM SPRINGS INNOVATION HUB (IHUB), MANAGED BY THE COACHELLA VALLEY ECONOMIC PARTNERSHIP, IS A STATE-DESIGNATED BUSINESS INCUBATOR FUNDED BY THE CITY OF PALM SPRINGS AND WELLS FARGO. THE IHUB FOCUSES ON EARLY-STAGE BUSINESSES IN THE FIELDS OF RENEWABLE ENERGY, HEALTH AND MEDICINE, AND DIGITAL TECHNOLOGY. THE PALM SPRINGS IHUB ALSO OFFERS THE PALM SPRINGS ACCELERATOR CAMPUS DESIGNED TO MITIGATE START-UP RISKS AND INCREASE THE PROBABILITY OF BUSINESSES PROSPERING AND GROWING INTO THE FUTURE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $1,165,211 | $1,129,303 | +0.0% |
| Expenses | $1,293,010 | $1,292,968 | +0.0% |
| Net Income | $-127,799 | $-163,665 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JAN HARNIK | CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| TODD HOOKS | VICE CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICK AXELROD | TREASURER/SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| DEBORAH MCGARREY | CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| MOISES AGUIRRE | TREASURER/SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOE WALLACE | CEO | 40.00 |
Key Emp
|
$177,520 | $0 | $177,520 |
| LAURA JAMES | VICE PRESIDENT | 40.00 |
Highest
|
$101,533 | $0 | $101,533 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,165,211 | $1,293,010 | $414,305 | $-127,799 |
| 2022 | $1,129,303 | $1,292,968 | $638,398 | $-163,665 |
| 2021 | $1,335,953 | $1,370,275 | $665,738 | $-34,322 |
| 2020 | $1,258,720 | $1,390,754 | $758,597 | $-132,034 |
| 2019 | $1,419,960 | $1,440,357 | $630,912 | $-20,397 |
| 2018 | $1,170,320 | $1,342,313 | $646,530 | $-171,993 |
Compare COACHELLA VALLEY ECONOMIC PARTNERSHIP with other nonprofits in California and across the country.