Economic Development and Financing Corporation Inc (EIN 680346089) - 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

1995

Legal Domicile

Principal Officer

Robert Gernert

Phone

7072345705

Tax Period

2024-07-01 to 2025-06-30

Economic Development and Financing Corporation Inc, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $976K in total revenue in fiscal year 2024. Revenue surged 145% from the prior year, signaling strong growth momentum. The organization ran a surplus of $613K, a strong 63% operating margin.

Mission

Connecting money and ideas with entrepeneurs to create sustainable prosperity in Mendocino County and Lake County.

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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 $679,547

Program Service Revenue $294,005

Investment Income $0

Other Revenue $2,696

TOTAL REVENUE $976,248

Expense Breakdown

Grants Paid $0

Salaries & Benefits $219,300

Fundraising Expenses $0

Program Expenses $29,451

Other Expenses $143,449

TOTAL EXPENSES $362,749

Year-over-Year Comparison

	2024	2023	Change
Revenue	$976,248	$397,935	+1.5%
Expenses	$362,749	$321,718	+0.1%
Net Income	$613,499	$76,217	+7.0%

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

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

$82,267

Total Directors

$82,267

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Gernert	Executive Dir.	40.00	Officer Director	$82,267	$0	$82,267
Patty Bruder	Secretary	2.00	Officer Director	$0	$0	$0
John Goldsmith	Chairman	3.00	Officer Director	$0	$0	$0
Teri Ullrich	Treasurer	2.00	Officer Director	$0	$0	$0
Michael Derry	Vice Chair	1.00	Director	$0	$0	$0
Madge Strong	Director	1.00	Director	$0	$0	$0
Barbara Burkey	Director	1.00	Director	$0	$0	$0
Jeff Lucas	Director	1.00	Director	$0	$0	$0
Pamela Patterson	Director	1.00	Director	$0	$0	$0
Maureen Mulheren	Director	1.00	Director	$0	$0	$0
Shannon Riley	Director	1.00	Director	$0	$0	$0
Tess Albin-Smith	Director	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	$976,248	$362,749	$6,816,933	$613,499
2024	No data	No data	No data	No data
2023	$1,087,868	$470,019	$6,246,618	$617,849
2022	$2,194,302	$471,787	$6,289,075	$1,722,515
2021	$1,287,962	$424,839	$4,369,532	$863,123
2020	$830,302	$402,096	$3,587,495	$428,206
2019	$720,917	$334,802	$3,205,540	$386,115

Economic Development and Financing Corporation Inc