THE ECONOMIC ALLIANCE FOUNDATION

EIN: 464034010 501(c)(3) Employment

SANTA MARIA, CA

Total Revenue
$262,929
Total Expenses
$174,911
Total Assets
$156,621
Net Assets
$153,312
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
CA
Principal Officer
JENELLE OSBORNE
Phone
8058031655
Tax Period
2024-01-01 to 2024-12-31

THE ECONOMIC ALLIANCE FOUNDATION, founded in 2013, is a small nonprofit in the Employment sector that reported $263K in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $88K, a strong 33% operating margin.

Mission

EconAlliance, a 501(c)(3) nonprofit, promotes industry understanding, entrepreneurship, and workforce development in Northern Santa Barbara County through strategic initiatives and partnerships.

Program Service Accomplishments

Program 1
Expenses: $35,000

In September 2024, EconAlliance received a $50,000 grant from the Santa Barbara Foundation to manage a year-long internship program for 50 young adults. This program aimed to match interns with...

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In September 2024, EconAlliance received a $50,000 grant from the Santa Barbara Foundation to manage a year-long internship program for 50 young adults. This program aimed to match interns with suitable worksites based on their interests and qualifications, thereby promoting the development of a highly-skilled workforce and enhancing worker opportunity. Through this initiative, EconAlliance successfully placed a dozen interns by the end of the year, with several securing employment at their internship locations, demonstrating the value of the internships to both the young adults and employers. This activity supports EconAlliance?s broader mission to support industry attraction, retention, and expansion, championing Northern Santa Barbara County communities and the key industry sectors that inspire regional economic vitality.

Program 2
Expenses: $23,000

In late 2023, EconAlliance secured funding to support the Santa Ynez Mission Indians (Chumash) in promoting wind energy opportunities at their tribal learning center. This initiative includes...

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In late 2023, EconAlliance secured funding to support the Santa Ynez Mission Indians (Chumash) in promoting wind energy opportunities at their tribal learning center. This initiative includes creating educational materials on wind energy and coordinating virtual learning sessions. Additionally, EconAlliance is collaborating with California Community College to develop a two-year associate degree program in Wind Energy and Tribal Archaeology, among other related fields. These efforts align with EconAlliance?s mission to foster industry understanding, entrepreneurship, and workforce development, ultimately enhancing the economic vitality of Northern Santa Barbara County through strategic educational initiatives

Program 3
Expenses: $14,000

CRA funds totaling \$32,500 supported expanded broadband needs assessments in underserved communities of New Cuyama, Los Alamos, and Orcutt, building on prior work in Guadalupe, Santa Maria, and...

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CRA funds totaling \$32,500 supported expanded broadband needs assessments in underserved communities of New Cuyama, Los Alamos, and Orcutt, building on prior work in Guadalupe, Santa Maria, and Lompoc. In partnership with the Santa Ynez Chumash Tribe, EconAlliance oversaw a Last Mile Connectivity Analysis to evaluate the cost and sustainability of various broadband delivery models using GIS data and financial modeling. This work supports equitable broadband infrastructure planning and advances EconAlliance?s mission to promote economic development in disadvantaged areas.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $158,539
Program Service Revenue $98,500
Investment Income $0
Other Revenue $5,890
TOTAL REVENUE $262,929

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $76,567
Other Expenses $174,911
TOTAL EXPENSES $174,911

Year-over-Year Comparison

2024 2023 Change
Revenue $262,929 $576,548 -0.5%
Expenses $174,911 $558,901 -0.7%
Net Income $88,018 $17,647 +4.0%
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

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Governance

Voting Members
19
Independent Members
N/A
Employees
N/A
Volunteers
3

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
0
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAM COHEN President 5.00
Director
$0 $0 $0
PATRICE MOSBY Vice President 1.00
Director
$0 $0 $0
LAURIE TAMURA Secretary 1.00
Director
$0 $0 $0
MARIBEL AGUILERA Director 1.00
Director
$0 $0 $0
MARK ALLEN Director 1.00
Director
$0 $0 $0
ERIC DANIELS Director 1.00
Director
$0 $0 $0
RANDAL HERNANDEZ Director 1.00
Director
$0 $0 $0
KATIE GORDNT Director 1.00
Director
$0 $0 $0
BEN OAKLEY Director 1.00
Director
$0 $0 $0
MARTIN PEHL Director 1.00
Director
$0 $0 $0
TIM MAHONEY Director 1.00
Director
$0 $0 $0
MARVIN RODRIGUEZ Director 1.00
Director
$0 $0 $0
TODD VENTURA Director 1.00
Director
$0 $0 $0
PHIL ADAM Director 1.00
Director
$0 $0 $0
PHIL TABYANAN Director 1.00
Director
$0 $0 $0
BLAKE BRADLEY Director 1.00
Director
$0 $0 $0
DUSTIN CHENEY Director 1.00
Director
$0 $0 $0
DR KEVIN WALTHERS Director 1.00
Director
$0 $0 $0
STEVE GRIEG Director 0.00
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 $262,929 $174,911 $156,621 $88,018
2023 $576,548 $558,901 $69,306 $17,647
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