EAST BAY ASIAN LOCAL DEVELOPMENT CORPORATION (EIN 510171851) - 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

1975

Legal Domicile

Principal Officer

PAUL CARNEY

Phone

5102875353

Tax Period

2024-01-01 to 2024-12-31

EAST BAY ASIAN LOCAL DEVELOPMENT CORPORATION, founded in 1975, is a mid-sized nonprofit in the Community Improvement sector that reported $33.2M in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. Expenses of $30.9M left a modest 7% surplus.

Mission

WE WORK WITH THE DIVERSE POPULATIONS OF THE EAST BAY TO BUILD HEALTHY, VIBRANT AND SAFE NEIGHBORHOODS.

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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 $12,405,204

Program Service Revenue $18,372,124

Investment Income $1,479,520

Other Revenue $898,097

TOTAL REVENUE $33,154,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,718,242

Fundraising Expenses $650,092

Program Expenses $29,205,944

Other Expenses $20,180,808

TOTAL EXPENSES $30,899,050

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,154,945	$19,487,102	+0.7%
Expenses	$30,899,050	$23,203,351	+0.3%
Net Income	$2,255,895	$-3,716,249	-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

Employees

182

Volunteers

121

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

$521,930

Total Directors

Key Employees

$1,071,202

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY DRUMM	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
LESLIE FRANCIS	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
AGNES UBALDE	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID PETERS	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
ADAM FELDMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
BETH ROSALES	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRIS FERREIRA	BOARD MEMBER	0.50	Director	$0	$0	$0
CHUN HUANG	BOARD MEMBER	0.50	Director	$0	$0	$0
DIANNE RUSH-WOODS	BOARD MEMBER	0.50	Director	$0	$0	$0
KLEIN LIEU	BOARD MEMBER	0.50	Director	$0	$0	$0
KM TAN	BOARD MEMBER	0.50	Director	$0	$0	$0
LORENZO BROOKS	BOARD MEMBER	0.50	Director	$0	$0	$0
MINMING WU MORRI	BOARD MEMBER	0.50	Director	$0	$0	$0
ROSALYN TONAI	BOARD MEMBER	0.50	Director	$0	$0	$0
TED DANG	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN CHAN	BOARD MEMBER	0.50	Director	$0	$0	$0
KENDRA EDWARDS	BOARD MEMBER	0.50	Director	$0	$0	$0
SEAN SULLIVAN	BOARD MEMBER	0.50	Director	$0	$0	$0
SHIRLEY IMAMOTO	BOARD MEMBER	0.50	Director	$0	$0	$0
RICHARD QUACH	BOARD MEMBER	0.50	Director	$0	$0	$0
JANELLE CHAN	CHIEF EXECUTIVE OFFICER	37.50	Officer	$208,731	$16,785	$225,516
PAUL CARNEY	CHIEF FINANCIAL OFFICER	37.50	Officer	$110,577	$1,104	$111,681
LINA SHETH	INTERIM CHIEF EXECUTIVE OFFICER	37.50	Officer	$181,500	$3,233	$184,733
KATHLEEN HIGGINBOTHAM	VP, HUMAN RESOURCES	37.50	Key Emp	$191,710	$26,440	$218,150
FELICIA SCRUGGS	EXECUTIVE VP, PROPERTY OPE	37.50	Key Emp	$244,100	$13,677	$257,777
CAPRI ROTH	EXECUTIVE VP, REAL ESTATE	37.50	Key Emp	$215,630	$22,480	$238,110
ENER CHIU	EXECUTIVE VP, COMMUNITY BU	37.50	Key Emp	$163,630	$28,394	$192,024
VICKI SHU	EXECUTIVE VP, RESOURCE DEVELOPMENT & COMMUNICATION	37.50	Key Emp	$153,235	$11,906	$165,141
JILL VARGAS	ASSOCIATE DIRECTOR, PROPERTY MANAGEMENT	37.50	Highest	$181,350	$22,189	$203,539
GREGORY WILSON	FINANCIAL CONTROLLER	37.50	Highest	$178,716	$14,036	$192,752
PHUNG NGUYEN	FINANCIAL CONTROLLER	37.50	Highest	$178,708	$22,940	$201,648
ELIZABETH PROBST	DIRECTOR, REAL ESTATE DEVELOPMENT	37.50	Highest	$175,254	$23,047	$198,301
EMILY BUSCH	DIRECTOR OF ASSET MANAGEMENT	37.50	Highest	$129,776	$29,193	$158,969

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	$33,154,945	$30,899,050	$140,214,768	$2,255,895
2023	$19,487,102	$23,203,351	$132,945,163	$-3,716,249
2022	$19,655,670	$24,020,544	$136,452,614	$-4,364,874
2021	$23,961,947	$22,916,941	$146,938,594	$1,045,006
2020	$30,779,689	$19,640,975	$148,380,635	$11,138,714
2019	$24,479,464	$18,411,244	$105,184,379	$6,068,220
2018	$19,065,897	$19,305,245	$87,748,350	$-239,348

EAST BAY ASIAN LOCAL DEVELOPMENT CORPORATION