PORTLAND ECONOMIC INVESTMENT CORPORATION C/O JEFFREY C WOLFSTONE (EIN 463091737) - 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

2013

Legal Domicile

Principal Officer

GUSTAVO J CRUZ JR

Phone

5037782153

Tax Period

2023-07-01 to 2024-06-30

PORTLAND ECONOMIC INVESTMENT CORPORATION C/O JEFFREY C WOLFSTONE, founded in 2013, is a micro nonprofit in the Public & Societal Benefit sector that reported $91K in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $121K exceeded revenue, resulting in a 34% operating deficit.

Mission

THE ADVANCEMENT OF THE ECONOMIC DEVELOPMENT OF THE CITY OF PORTLAND BY ENCOURAGING AND ASSISTING INDUSTRIAL AND COMMERCIAL ENTERPRISES IN LOCATING AND EXPANDING IN THE PORTLAND METROPOLITAN AREA AND ATTRACTING INVESTMENT IN CATALYTIC REDEVELOPMENT PROJECTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $93,934

Other Revenue $-3,253

TOTAL REVENUE $90,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $106,227

Other Expenses $121,421

TOTAL EXPENSES $121,421

Year-over-Year Comparison

	2023	2022	Change
Revenue	$90,681	$329,089	-0.7%
Expenses	$121,421	$64,900	+0.9%
Net Income	$-30,740	$264,189	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GUSTAVO J CRUZ JR	PRESIDENT & DIRECTOR	0.50	Officer Director	$0	$0	$0
ANDREW HOAN	DIRECTOR & SECRETARY	0.50	Officer Director	$0	$0	$0
MONIQUE CLAIBORNE	DIRECTOR & TREASURER	0.50	Officer Director	$0	$0	$0
JEFFREY C WOLFSTONE	ASSISTANT SECRETARY	0.50	Officer	$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	No data	No data	No data	No data
2024	$90,681	$121,421	$3,060,316	$-30,740
2023	$329,089	$64,900	$3,412,249	$264,189
2022	$758,384	$88,609	$3,417,190	$669,775
2021	$-13,146	$123,264	$2,628,555	$-136,410
2020	$53,667	$108,850	$2,480,556	$-55,183
2019	$131,251	$228,772	$2,311,315	$-97,521
2018	$480,558	$117,788	$2,305,786	$362,770

PORTLAND ECONOMIC INVESTMENT CORPORATION C/O JEFFREY C WOLFSTONE