ECONOMIC VITALITY CORPORATION OF SAN LUIS OBISPO COUNTY

EIN: 770402681 501(c)(3)

SAN LUIS OBISPO, CA

Total Revenue
$459,946
Total Expenses
$583,986
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
CA
Phone
8054235331
Tax Period
2020-07-01 to 2021-06-30

ECONOMIC VITALITY CORPORATION OF SAN LUIS OBISPO COUNTY, founded in 1994, is a small nonprofit that reported $460K in total revenue in fiscal year 2020. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $584K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO FOSTER PARTNERSHIPS BETWEEN THE CITIES, COUNTY, AND PRIVATE INVESTORS TO CREATE, RETAIN, AND EXPAND THE JOB AND INVESTMENT BASE THROUGH BUSINESS EXPANSIONS OR RETENTION AND ATTRACTION OF NEW COMPANIES.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $459,819
Program Service Revenue $0
Investment Income $127
Other Revenue $0
TOTAL REVENUE $459,946

Expense Breakdown

Grants Paid $0
Salaries & Benefits $333,307
Fundraising Expenses $28,198
Program Expenses $409,574
Other Expenses $250,679
TOTAL EXPENSES $583,986

Year-over-Year Comparison

2020 2019 Change
Revenue $459,946 $297,798 +0.5%
Expenses $583,986 $381,497 +0.5%
Net Income $-124,040 $-83,699 +0.5%
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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Governance

Voting Members
22
Independent Members
22
Employees
6
Volunteers
85

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
6
$69,643
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIA KELLY President 40.00
Officer
$69,643 $0 $69,643
JIM DANTONA BOARD MEMBER 1.00
Director
$0 $0 $0
KEN DALEBOUT BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC SCHWEFLER Board Member 1.00
Director
$0 $0 $0
STEVE HARDING Treasurer 4.00
Officer Director
$0 $0 $0
JOLIE DITMORE Chairman 4.00
Officer Director
$0 $0 $0
STACIE JACOBS BOARD MEMBER 1.00
Officer Director
$0 $0 $0
CARL DUDLEY BOARD MEMBER 1.00
Director
$0 $0 $0
JILL STEARNS BOARD MEMBER 1.00
Director
$0 $0 $0
Brad Brechwald BOARD MEMBER 4.00
Officer Director
$0 $0 $0
ZIYAD NACCASHA Chair & Counsel 4.00
Officer Director
$0 $0 $0
Ron Yukelson BOARD MEMBER 1.00
Director
$0 $0 $0
CHUCK DAVISON BOARD MEMBER 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
2021 $459,946 $583,986 No data $-124,040
2020 $297,798 $381,497 $246,712 $-83,699
2019 $613,229 $630,581 $279,942 $-17,352
2018 $545,404 $519,788 $627,648 $25,616
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