SAN DIEGO NORTH ECONOMIC DEVELOPME… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

WILLIAM ERIK BRUVOLD

Phone

7605103179

Tax Period

2024-01-01 to 2024-12-31

SAN DIEGO NORTH ECONOMIC DEVELOPMENT COUNCIL, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $492K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year.

Mission

TO STIMULATE, IMPROVE, DEVELOP, AND PROMOTE THE ECONOMY OF SAN DIEGO NORTH COUNTY THROUGH VIGOROUS ADVOCACY IN MARKETING THE REGION FOR INDUSTRIAL AND COMMERCIAL DEVELOPMENT AND INVESTMENT. THE DESIRED OUTCOME IS AN INCREASE IN JOB OPPORTUNITIES, AS WELL AS AN INCREASE IN PRODUCTION OUTPUT AND DISTRIBUTION.

Program Service Accomplishments

Program 1

During 2024, San Diego North Economic Development Council (SDNEDC) directly outreached and provided services to 78 existing north county companies and fielded 25 inquiries from companies outside of North County considering investment. The Council held 5 separate business and education networking events attended by more than 850 North County Leaders. SDNEDC carried out several earned and social media marketing campaigns, resulting in over 205,000 impressions and touch points with audiences interested in North County business news.SDNEDC continued to support STUDENT OPPORTUNITIES FOR CAREER AWARENESS AND LEARNING (SOCAL). SOCAL IS A COLLABORATIVE PROGRAM BETWEEN SDNEDC AND THE CARLSBAD, OCEANSIDE, VISTA, SAN MARCOS, AND ENCINITAS CHAMBERS OF COMMERCE. THE VISION IS TO GIVE MIDDLE SCHOOL, HIGH SCHOOL, POST-SECONDARY STUDENTS, AND TRANSITIONING ADULTS AN OPPORTUNITY TO GAIN INSIGHTS INTO CAREER PATHWAYS, WHILE ALLOWING BUSINESSES AND LOCAL ORGANIZATIONS TO PARTICIPATE IN THESE STUDENTS CAREER EXPLORATION.The council also expanded its research services, producing 13 new reports and fact sheets on a variety of topics, and conducted an economic impact analysis for the E3 collaborative in Encinitas.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $485,496

Investment Income $6,501

Other Revenue $0

TOTAL REVENUE $491,997

Expense Breakdown

Grants Paid $0

Salaries & Benefits $315,224

Fundraising Expenses $0

Other Expenses $195,441

TOTAL EXPENSES $510,665

Year-over-Year Comparison

	2024	2023	Change
Revenue	$491,997	$604,953	-0.2%
Expenses	$510,665	$569,369	-0.1%
Net Income	$-18,668	$35,584	-1.5%

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

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

$176,358

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM ERIK BRUVOLD	CEO	40.00	Officer	$172,900	$3,458	$176,358
MARK KALPAKGIAN	Director	2.00	Director	$0	$0	$0
ANDY TENN	Director	2.00	Director	$0	$0	$0
AMBER TER-VRUGT	Director	2.00	Director	$0	$0	$0
TORY SEE	Director	2.00	Director	$0	$0	$0
SCOTT ASHTON	Director	2.00	Director	$0	$0	$0
OSCAR FRANCO	Director	2.00	Director	$0	$0	$0
HALEY WONSLEY	Director	2.00	Director	$0	$0	$0
JIM CALLAHAN JR	Chairman	2.00	Officer Director	$0	$0	$0
ED QUINLAN	Director	2.00	Director	$0	$0	$0
RACHEL MCKINNEY	Director	2.00	Director	$0	$0	$0
DALE GANZOW	Director	2.00	Director	$0	$0	$0
NICHOL ROE	Director	2.00	Director	$0	$0	$0
TESS SANGSTER	Director	2.00	Director	$0	$0	$0
JESSICA BERGER	Director	2.00	Director	$0	$0	$0
WILLIAM MORRISON	Director	2.00	Director	$0	$0	$0
Joe Gabaldon	Director	2.00	Director	$0	$0	$0
KRISTEN GASPAR	Director	2.00	Director	$0	$0	$0
Tory Walker	Director	2.00	Director	$0	$0	$0
Chris Weissmann	Treasurer	2.00	Officer Director	$0	$0	$0
VICTOR LI	Director	2.00	Director	$0	$0	$0
Sara Katz	Secretary	2.00	Officer Director	$0	$0	$0
MELISSA CRESSER	Director	2.00	Director	$0	$0	$0
JULIE WRIGHT	Director	2.00	Director	$0	$0	$0
WARREN GOROWITZ	Director	2.00	Director	$0	$0	$0
MICHAEL HADLAND	Director	2.00	Director	$0	$0	$0
PRISCILLA ZUNIGA	Director	2.00	Director	$0	$0	$0
VINCE VASQUEZ	Director	2.00	Director	$0	$0	$0
NINIA HAMMOND	Director	2.00	Director	$0	$0	$0
LEON WYDEN JR	Director	2.00	Director	$0	$0	$0
KHALEDA ATTA	Director	2.00	Director	$0	$0	$0
RYAN STICHLER	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
BEN GAMBOA	Director	2.00	Director	$0	$0	$0
CORRINE BUSTA	Director	2.00	Director	$0	$0	$0
MEGGAN VALENCIA	Director	2.00	Director	$0	$0	$0
CHRISTINE LEE	Director	2.00	Director	$0	$0	$0
BRISHEN MCGUIRE	Director	2.00	Director	$0	$0	$0
MICHAEL DANESHVAR	Director	2.00	Director	$0	$0	$0
MARIA HAMPTON	Director	2.00	Director	$0	$0	$0
VINCE MUDD	Director	2.00	Director	$0	$0	$0
SARAH MCSPADDEN	Director	2.00	Director	$0	$0	$0
CAROL GRIPPO	Director	2.00	Director	$0	$0	$0
RACHEL BELD	Director	2.00	Director	$0	$0	$0
BRET SCHANZENBACK	Director	2.00	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	$491,997	$510,665	$345,354	$-18,668
2023	$604,953	$569,369	$384,022	$35,584
2022	$537,977	$471,120	$324,688	$66,857
2021	$494,348	$428,914	$257,831	$65,434
2020	$369,149	$310,389	$192,397	$58,760
2019	$371,962	$332,667	$133,637	$39,295

SAN DIEGO NORTH ECONOMIC DEVELOPMENT COUNCIL