COLLEGE AREA ECONOMIC DEVELOPMENT … - 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

Phone

6195821093

Tax Period

2024-07-01 to 2025-06-30

COLLEGE AREA ECONOMIC DEVELOPMENT CORPORATION, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $598K in total revenue in fiscal year 2024.

Mission

THE COLLEGE AREA ECONOMIC DEVELOPMENT CORPORATION'S MISSION IS TO PROVIDE A UNITED VOICE FOR OUR MEMEBERS AND GIVE EACH BUSINESS OWNER THE ABILITY TO FLOURISH.

Program Service Accomplishments

Program 1

Expenses: $595,374 Revenue: $593,711

THE ORGANIZATION RECEIVES FUNDING FROM THE CITY OF SAN DIEGO FOR MAINTENANCE AND LANDSCAPING WITHIN THE COLLEGE HEIGHTS MAINTENANCE ASSESSMENT DISTRICT. THE ORGANIZATION ALSO RECEIVES FUNDING FROM...

THE ORGANIZATION RECEIVES FUNDING FROM THE CITY OF SAN DIEGO FOR MAINTENANCE AND LANDSCAPING WITHIN THE COLLEGE HEIGHTS MAINTENANCE ASSESSMENT DISTRICT. THE ORGANIZATION ALSO RECEIVES FUNDING FROM THE CITY OF SAN DIEGO TO PROMOTE ECONOMIC DEVELOPMENT AND PROMOTIONAL ACTIVITIES WITHIN THE COLLEGE AREA BUSINESS IMPROVEMENT DISTRICT. THESE ACTIVITIES ARE UNDERTAKEN TO IMPROVE THE QUALITY OF LIFE IN THE IMMEDIATE NEIGHBORHOODS.

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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 $53,884

Program Service Revenue $544,036

Investment Income $242

Other Revenue $0

TOTAL REVENUE $598,162

Expense Breakdown

Grants Paid $0

Salaries & Benefits $126,757

Fundraising Expenses $0

Program Expenses $595,374

Other Expenses $492,494

TOTAL EXPENSES $619,251

Year-over-Year Comparison

	2024	2023	Change
Revenue	$598,162	$595,886	+0.0%
Expenses	$619,251	$595,217	+0.0%
Net Income	$-21,089	$669	-32.5%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL RUSSO	President	4.00	Officer Director	$0	$0	$0
AMIR REZAI	Vice President	2.00	Officer Director	$0	$0	$0
RACHEL GREGG	Secretary	2.00	Officer Director	$0	$0	$0
TONY KONJA	Treasurer	2.00	Officer Director	$0	$0	$0
DANIEL BONIN	BOARD MEMBER	2.00	Director	$0	$0	$0
HANNA CHEADLE	BOARD MEMBER	2.00	Director	$0	$0	$0
MYKEL DEDMON	BOARD MEMBER	2.00	Director	$0	$0	$0
TERI FEATHERINGILL	BOARD MEMBER	2.00	Director	$0	$0	$0
JACOB HARRISON	BOARD MEMBER	2.00	Director	$0	$0	$0
STEPHEN KING	BOARD MEMBER	2.00	Director	$0	$0	$0
ALONSO NUNEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
DR DARRYL TORCULAS	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS WILLIAMS	BOARD MEMBER	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
2025	$598,162	$619,251	$233,757	$-21,089
2024	$595,886	$595,217	$168,298	$669
2023	$489,551	$480,026	$167,629	$9,525
2022	$527,871	$520,775	$158,704	$7,096
2021	$511,807	$509,540	$151,008	$2,267
2020	$488,825	$486,901	$170,596	$1,924
2019	$502,873	$491,218	$146,817	$11,655

COLLEGE AREA ECONOMIC DEVELOPMENT CORPORATION