MCS ECONOMIC DEVELOPMENT CORPORATION (EIN 472926205) - 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

2021

Legal Domicile

Phone

2133555307

Tax Period

2024-07-01 to 2025-06-30

MCS ECONOMIC DEVELOPMENT CORPORATION, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $603K in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $110K, a strong 18% operating margin.

Mission

Managed Career Solutions Economic Development Corporation (MCSEDC) Provides a variety of job training, employment placement and community support. MCSEDC manages projects for the State of California Employment Development and the National Disability Institute. While many MCSEDC services are available to the general public, other more intensive services are targeted to Veterans, individuals with a disability, public assistance recipients, youth, and disadvantaged, or low-income individuals.

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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 $15,000

Program Service Revenue $587,756

Investment Income $0

Other Revenue $0

TOTAL REVENUE $602,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,447

Fundraising Expenses $4,533

Program Expenses $404,191

Other Expenses $301,562

TOTAL EXPENSES $493,009

Year-over-Year Comparison

	2024	2023	Change
Revenue	$602,756	$379,094	+0.6%
Expenses	$493,009	$348,892	+0.4%
Net Income	$109,747	$30,202	+2.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCISCO DEVIVO	BOARD CHAIR/CHIEFF EXECUTIVE OFFICER	1.00	Director	$0	$0	$0
JOHN NESSE	BOARD MEMBER/SECRETARY	1.00	Director	$0	$0	$0
BRYON LANAGAN	BOARD MEMBER/CHIEF FINANCIAL OFFICER	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	$602,756	$493,009	$394,696	$109,747
2024	No data	No data	No data	No data
2023	$812,394	$643,349	$425,755	$169,045
2022	$343,800	$302,689	$90,362	$41,111

MCS ECONOMIC DEVELOPMENT CORPORATION