COACHELLA VALLEY ECONOMIC PARTNERSHIP (EIN 330642485) - 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

1994

Legal Domicile

Principal Officer

JOE WALLACE

Phone

7603401575

Tax Period

2022-07-01 to 2023-06-30

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.

Mission

FOSTER ECONOMIC DEVELOPMENT IN THE COACHELLA VALLEY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $621,917

Program Service Revenue $512,662

Investment Income $0

Other Revenue $30,632

TOTAL REVENUE $1,165,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $587,765

Fundraising Expenses $0

Program Expenses $1,085,566

Other Expenses $705,245

TOTAL EXPENSES $1,293,010

Year-over-Year Comparison

	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%

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

Total Directors

Key Employees

$177,520

Highest Compensated

reported

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

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	$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

COACHELLA VALLEY ECONOMIC PARTNERSHIP