Partnership for Economic Growth of Humboldt County (EIN 421356939) - 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

1997

Legal Domicile

Principal Officer

Alissa O'Connor

Phone

5153322557

Tax Period

2024-07-01 to 2025-06-30

Partnership for Economic Growth of Humboldt County, founded in 1997, is a small nonprofit that reported $225K in total revenue in fiscal year 2024. Expenses of $261K exceeded revenue, resulting in a 16% operating deficit.

Mission

Develop Business and Industry in the Humboldt County Area.

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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 $200,750

Program Service Revenue $24,105

Investment Income $0

Other Revenue $15

TOTAL REVENUE $224,870

Expense Breakdown

Grants Paid $65,981

Salaries & Benefits $139,950

Fundraising Expenses $0

Program Expenses $192,957

Other Expenses $55,232

TOTAL EXPENSES $261,163

Year-over-Year Comparison

	2024	2023	Change
Revenue	$224,870	$214,803	+0.0%
Expenses	$261,163	$171,083	+0.5%
Net Income	$-36,293	$43,720	-1.8%

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

Governance

Voting Members

Independent Members

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

$91,689

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alissa O'Connor	Executive Dir.	40.00	Officer	$91,689	$0	$91,689
Angie Frerk	Director	0.00	Director	$0	$0	$0
Doug Berte	Vice President	0.00	Officer Director	$0	$0	$0
Jim Murray	Treasurer	0.00	Officer Director	$0	$0	$0
Joel Armitage	Director	0.00	Director	$0	$0	$0
Brittany Dickey	Director	0.00	Director	$0	$0	$0
Dan Scholl	Director	0.00	Director	$0	$0	$0
Cole Bockelmann	Director	0.00	Officer Director	$0	$0	$0
Michelle Sleiter	Secretary	0.00	Director	$0	$0	$0
Matt Brown	Director	0.00	Director	$0	$0	$0
Rick Pedersen	Director	0.00	Director	$0	$0	$0
Nick Nielsen	Director	0.00	Director	$0	$0	$0
David Speed	Director	0.00	Director	$0	$0	$0
Jennifer Hansen	President	0.00	Officer 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	$224,870	$261,163	$1,959,481	$-36,293
2024	$214,803	$171,083	$2,152,531	$43,720
2023	$271,779	$163,846	$2,183,046	$107,933
2022	$300,019	$196,491	$2,178,983	$103,528
2021	$281,628	$181,552	$2,176,897	$100,076
2020	$161,222	$175,920	$1,085,971	$-14,698
2019	$311,495	$275,848	$1,118,048	$35,647

Partnership for Economic Growth of Humboldt County