Tule River Economic Development Corp (EIN 770262973) - 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

Phone

5592020417

Tax Period

2022-10-01 to 2023-09-30

Tule River Economic Development Corp is a small nonprofit in the Community Improvement sector that reported $208K in total revenue in fiscal year 2022. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $826K exceeded revenue, resulting in a 298% operating deficit.

Mission

To encourage, organize, and execute economic development projects for the Tule River Indian Tribe and give tribal members a place for employment.

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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 $4,188

Program Service Revenue $203,536

Investment Income $0

Other Revenue $0

TOTAL REVENUE $207,724

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $783,720

Other Expenses $826,183

TOTAL EXPENSES $826,183

Year-over-Year Comparison

	2022	2021	Change
Revenue	$207,724	$151,983	+0.4%
Expenses	$826,183	$420,551	+1.0%
Net Income	$-618,459	$-268,568	+1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Neil Peyron	Chairman	2.00	Director	$0	$0	$0
Lester Neito	Director	2.00	Director	$0	$0	$0
Franklin Carabay	Secretary	2.00	Director	$0	$0	$0
Kenneth McDarment	Treasurer	2.00	Director	$0	$0	$0
Priscilla Santos	Trustee	2.00	Director	$0	$0	$0
Vernon Vera	Trustee	2.00	Director	$0	$0	$0
Amanda Sierra	Trustee	2.00	Director	$0	$0	$0
Heather Teran	Trustee	2.00	Director	$0	$0	$0
Lawrence Manuel	Trustee	0.00	Director	$0	$0	$0
Dennis Ickes	CEO	2.00	Officer	$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
2024	No data	No data	No data	No data
2023	$207,724	$826,183	$5,417,315	$-618,459
2022	$151,983	$420,551	$7,108,061	$-268,568
2021	$1,571,590	$2,283,620	$5,655,443	$-712,030
2020	$770,208	$2,082,701	$5,655,887	$-1,312,493
2019	$96,063	$2,279,521	$5,895,829	$-2,183,458
2018	$707,553	$1,620,267	$4,672,540	$-912,714

Tule River Economic Development Corp