MISSION ECONOMIC DEVELOPMENT AGENCY (EIN 510187791) - 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

1973

Legal Domicile

Principal Officer

LUIS GRANADOS

Phone

4152823334

Tax Period

2023-01-01 to 2023-12-31

MISSION ECONOMIC DEVELOPMENT AGENCY, founded in 1973, is a mid-sized nonprofit that reported $26.5M in total revenue in fiscal year 2023. Expenses of $31.7M exceeded revenue, resulting in a 20% operating deficit.

Mission

ROOTED IN THE MISSION AND FOCUSED ON SAN FRANCISCO, MEDA'S MISSION IS TO STRENGTHEN LOW- AND MODERATE-INCOME LATINO FAMILIES BY PROMOTING ECONOMIC EQUITY AND SOCIAL JUSTICE THROUGH ASSET BUILDING AND COMMUNITY DEVELOPMENT.

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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 $15,695,758

Program Service Revenue $8,040,828

Investment Income $155,935

Other Revenue $2,581,591

TOTAL REVENUE $26,474,112

Expense Breakdown

Grants Paid $1,019,736

Salaries & Benefits $12,698,093

Fundraising Expenses $847,627

Program Expenses $24,247,970

Other Expenses $17,975,301

TOTAL EXPENSES $31,693,130

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,474,112	$26,896,587	0.0%
Expenses	$31,693,130	$23,943,298	+0.3%
Net Income	$-5,219,018	$2,953,289	-2.8%

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

117

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

$1,486,728

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAFAEL YAQUIAN-LLLESCAS	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
TERESA GARCIA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
WHITNEY JONES	TREASURER	1.00	Officer Director	$0	$0	$0
MARCO CHAVARIN	SECRETARY	1.00	Officer Director	$0	$0	$0
JABARI HERBERT	MEMBER	1.00	Director	$0	$0	$0
KEVIN STEIN	MEMBER	1.00	Director	$0	$0	$0
YSABEL DURON	MEMBER	1.00	Director	$0	$0	$0
ED CABRERA	MEMBER	1.00	Director	$0	$0	$0
REBECA PATINO	MEMBER	1.00	Director	$0	$0	$0
CARINA MARQUEZ	MEMBER	1.00	Director	$0	$0	$0
TEDDY GRAY KING VASQUEZ	MEMBER	1.00	Director	$0	$0	$0
CAROLINA MARTINEZ	MEMBER	1.00	Director	$0	$0	$0
LUIS GRANADOS	CEO	40.00	Officer	$366,718	$42,802	$409,520
PRISCILLA CHEN-OK	CFO UNTIL 9/15/23	40.00	Officer	$164,256	$13,781	$178,037
JILLIAN SPINDLE	CHIEF STRATEGY AND ADVANCEMENT OFFICER	40.00	Officer	$200,077	$13,592	$213,669
KAROLEEN FENG	CHIEF COMM. REAL ESTATE OFFICER	40.00	Officer	$185,018	$22,267	$207,285
RICHARD RAYA	CSO	40.00	Officer	$191,928	$31,157	$223,085
BERLINA CEGUERRA	COO	40.00	Officer	$174,535	$5,291	$179,826
PAMELA BENOIT	CFO FROM 9/11/23	40.00	Officer	$72,571	$2,735	$75,306
LUCY PORRAS	VP OF DEVELOPMENT & COMMUNICATION	40.00	Highest	$174,768	$10,037	$184,805
ELAINE YEE	VP OF COMM. REAL ESTATE	40.00	Highest	$176,927	$18,557	$195,484
RAJNI BANTHIA	VP OF EVALUATION	40.00	Highest	$158,165	$23,467	$181,632
CARLOS RAMIREZ	FINANCE DIRECTOR	40.00	Highest	$158,034	$5,916	$163,950
PABLO SOLARES-ROWBURY	VP, FONDO ADELANTE	40.00	Highest	$156,769	$23,787	$180,556

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	$26,474,112	$31,693,130	$210,455,685	$-5,219,018
2022	$26,896,587	$23,943,298	$192,408,729	$2,953,289
2021	$20,206,962	$22,929,222	$193,556,070	$-2,722,260
2020	$27,796,380	$20,429,250	$191,207,226	$7,367,130
2019	$19,512,957	$17,532,930	$131,908,342	$1,980,027
2018	$12,764,815	$14,696,142	$96,315,225	$-1,931,327

MISSION ECONOMIC DEVELOPMENT AGENCY