PERRIS COMMUNITY ECONOMIC DEVELOPMENT CO (EIN 472300185) - 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

2014

Legal Domicile

Principal Officer

CLARA MIRAMONTES

Phone

9519436100

Tax Period

2022-07-01 to 2023-06-30

PERRIS COMMUNITY ECONOMIC DEVELOPMENT CO, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $200K in total revenue in fiscal year 2022. Expenses of $696K exceeded revenue, resulting in a 248% operating deficit.

Mission

THE PRIMARY PURPOSE IS TO PROVIDE PHYSICAL, ECONOMIC, AND EDUCATIONAL DEVELOPMENT AND REVITALIZATION EFFORTS RESULTING IN EXPANDED EMPLOYMENT, ECONOMIC PROSPERITY, AND BUSINESS AND HOUSING OPPORTUNITIES FOR BUSINESS AND RESIDENTS IN THE CITY OF PERRIS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $18,642

Program Service Revenue $0

Investment Income $8,999

Other Revenue $172,586

TOTAL REVENUE $200,227

Expense Breakdown

Grants Paid $0

Salaries & Benefits $163,118

Fundraising Expenses $0

Program Expenses $696,380

Other Expenses $533,262

TOTAL EXPENSES $696,380

Year-over-Year Comparison

	2022	2021	Change
Revenue	$200,227	$200,690	0.0%
Expenses	$696,380	$394,987	+0.8%
Net Income	$-496,153	$-194,297	+1.6%

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

N/A

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

$849,084

Total Directors

$205,697

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MALCOM CORONA	BOARD MEMBER	1.00	Officer Director	$0	$54	$38,913
RITA ROGERS	BOARD MEMBER	1.00	Officer Director	$0	$9,958	$38,065
MARISELA NAVA	BOARD MEMBER	1.00	Officer Director	$0	$17,392	$44,311
DAVID STARR RABB	BOARD MEMBER	1.00	Officer Director	$0	$8,776	$35,701
MICHAEL M VARGAS	CHAIRMAN	1.00	Officer Director	$0	$396	$48,707
CLARA MIRAMONTES	CHIEF EXECUTIVE DIRECTOR	1.00	Officer	$0	$27,674	$313,296
ERNEST REYNA	TREASURER	1.00	Officer	$0	$43,740	$283,022
NANCY SALAZAR	SECRETARY	1.00	Officer	$0	$22,738	$47,069
SARA CORTES DE PAVON	PRINCIPAL MANAGEMENT ANALYST	40.00	Highest	$133,028	$20,424	$153,452

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	No data	No data	No data	No data
2023	$200,227	$696,380	$2,371,707	$-496,153
2022	$200,690	$394,987	$2,908,968	$-194,297
2021	$251,622	$532,972	$3,284,611	$-281,350
2020	$175,302	$711,631	$3,759,634	$-536,329
2019	$243,279	$314,576	$4,214,567	$-71,297
2018	$80,923	$1,163,297	$3,588,874	$-1,082,374

PERRIS COMMUNITY ECONOMIC DEVELOPMENT CO