MONTEREY BAY ECONOMIC PARTNERSHIP … - 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

2014

Legal Domicile

Principal Officer

TAHRA GORAYA

Phone

8319152806

Tax Period

2023-01-01 to 2023-12-31

MONTEREY BAY ECONOMIC PARTNERSHIP INC, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $1.3M left a modest 14% surplus.

Mission

TO IMPROVE THE ECONOMIC HEALTH AND QUALITY OF LIFE IN THE MONTEREY BAY REGION.

Program Service Accomplishments

Program 1

Expenses: $907,203 Revenue: $503,748

ITS MISSION IS TO CREATE A THRIVING REGION IN THE TRI COUNTY AREA OF SANTA CRUZ SAN BENITO, AND MONTEREY, WITH QUALITY JOBS, EXCELLENT EDUCATION, INCREASING HOUSING SUPPLY, DIGITAL BROADBAND EQUITY, AND HEALTHCARE, WHILE PRESERVING THE NATURE, BEAUTY AND A HEALTHY LIFESTYLE OF THE TRI 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 (2023)

Revenue Breakdown

Contributions & Grants $996,718

Program Service Revenue $503,748

Investment Income $706

Other Revenue $0

TOTAL REVENUE $1,501,172

Expense Breakdown

Grants Paid $0

Salaries & Benefits $773,266

Fundraising Expenses $53,515

Program Expenses $907,203

Other Expenses $524,402

TOTAL EXPENSES $1,297,668

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,501,172	$1,642,440	-0.1%
Expenses	$1,297,668	$1,083,298	+0.2%
Net Income	$203,504	$559,142	-0.6%

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

$182,674

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAHRA GORAYA	President & CEO	40.00	Officer	$182,674	$0	$182,674
TERESA ALVARADO	Director	1.00	Director	$0	$0	$0
ELISSA BENSON	Director	1.00	Director	$0	$0	$0
KATY CASTAGNA	Director	1.00	Director	$0	$0	$0
BONNY SIMI	Director	1.00	Director	$0	$0	$0
SANDI EASON	Director	1.00	Director	$0	$0	$0
VANYA QUINONES	Director	1.00	Director	$0	$0	$0
SONIA M DE LA ROSA	Director	1.00	Director	$0	$0	$0
MATT HUFFAKER	Vice Chair	1.00	Officer Director	$0	$0	$0
CYNTHIA LARIVE	CHAIR	2.00	Officer Director	$0	$0	$0
TOM MORAN	Treasurer	2.00	Officer Director	$0	$0	$0
BEN OW	Secretary	1.00	Officer Director	$0	$0	$0
MILES REITER	Director	1.00	Director	$0	$0	$0
FRANCINE RODD	Director	1.00	Director	$0	$0	$0
FARIS SABBAH	Director	1.00	Director	$0	$0	$0
KRISTA SNELLING	Director	1.00	Director	$0	$0	$0
SUSAN TRUE	Director	1.00	Director	$0	$0	$0
MATT WETSTEIN	Member at Large	1.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,501,172	$1,297,668	$2,681,613	$203,504
2022	$1,642,440	$1,083,298	$2,437,836	$559,142
2021	$1,192,893	$1,194,659	$2,008,772	$-1,766
2020	$1,699,465	$1,681,774	$1,956,772	$17,691
2019	$1,038,798	$1,201,259	$1,778,027	$-162,461
2018	$1,663,667	$949,575	$1,995,607	$714,092

MONTEREY BAY ECONOMIC PARTNERSHIP INC