ECONOMIC VITALITY CORPORATION OF S… - Form 990 Financial Data

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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

1994

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $396,674

ECONOMIC STRATEGIC IMPLEMENTATION PROJECT: JOIN COLLABORATIVE PARTNERS TOGETHER FOR THE PURPOSE OF SAVING, GENERATING AND CREATING JOBS IN SAN LUIS OBISPO COUNTY. USE OF INDEPENDENT CONTRACTORS TO...

ECONOMIC STRATEGIC IMPLEMENTATION PROJECT: JOIN COLLABORATIVE PARTNERS TOGETHER FOR THE PURPOSE OF SAVING, GENERATING AND CREATING JOBS IN SAN LUIS OBISPO COUNTY. USE OF INDEPENDENT CONTRACTORS TO WORK WITH COUNTY VOLUNTEERS TO STRATEGIZE AND IMPLEMENT A MULTI PHASE APPROACH TO DETERMINE CHALLENGES AND OPPORTUNITIES OF POTENTIAL BUSINESS DEVELOPMENT. INCLUDES ADMINISTRATION OF GRANT TO FACILIATE AND EVALUATE EXPANSION OF BROADBAND IN SAN LUIS OBISPO COUNTY. INCLUDES ADMINISTRATION OF GRANT TO FACILIATE THE EXPANSION OF THE MANUFACTURING SECTOR OF SAN LUIS OBISPO.

Program 2

Expenses: $12,900

PROVIDES OUTLET FOR NETWORKING, WORKSHOPS AND SEMINARS FOR COMMUNITY MEMBERS AND BUSINESSES.INCLUDES PROGRAMS TO ASSIST WITH JOB AND BUSINESS EXPANSION, RENT RESEARCH AND ASSISTANCE FOR RELOCATING...

PROVIDES OUTLET FOR NETWORKING, WORKSHOPS AND SEMINARS FOR COMMUNITY MEMBERS AND BUSINESSES.INCLUDES PROGRAMS TO ASSIST WITH JOB AND BUSINESS EXPANSION, RENT RESEARCH AND ASSISTANCE FOR RELOCATING COMPANIES AND PROVIDES LOCAL ECONOMIC DATA TO LOCAL BUSINESSES. THE ORGANIZATION SPONSORS WORKSHOPS AND SEMINARS FOR VENTURE CAPITALISTS AND COORDINATES WITH OTHER LOCAL NON PROFIT AND GOVERNMENT PROGRAMS THAT PROVIDE BUSINESS SERVICES.

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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 (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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$69,643

Total Directors

Key Employees

Highest Compensated

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

ECONOMIC VITALITY CORPORATION OF SAN LUIS OBISPO COUNTY