GILROY ECONOMIC DEVELOPMENT CORPORATION (EIN 770429693) - 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

1996

Legal Domicile

Principal Officer

KURT MICHIELSSEN

Phone

4088477611

Tax Period

2018-07-01 to 2019-06-30

GILROY ECONOMIC DEVELOPMENT CORPORATION, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $237K in total revenue in fiscal year 2018. Revenue decreased 7% compared to the prior year. Expenses of $218K left a modest 8% surplus.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT IN THE CITY OF GILROY, AND ASSIST LOCAL BUSINESSES AND GOVERNMENT AGENCIES IN THE AREA OF ECONOMIC 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 (2018)

Revenue Breakdown

Contributions & Grants $236,500

Program Service Revenue $0

Investment Income $566

Other Revenue $0

TOTAL REVENUE $237,066

Expense Breakdown

Grants Paid $0

Salaries & Benefits $153,400

Fundraising Expenses $0

Program Expenses $184,897

Other Expenses $65,002

TOTAL EXPENSES $218,402

Year-over-Year Comparison

	2018	2017	Change
Revenue	$237,066	$254,058	-0.1%
Expenses	$218,402	$201,915	+0.1%
Net Income	$18,664	$52,143	-0.6%

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

$106,922

Total Directors

$106,922

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF PERKINS	VICE CHAIR	4.00	Officer Director	$0	$0	$0
CHRIS VANNI	Secretary	4.00	Officer Director	$0	$0	$0
PHIL COUCHEE	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIC GEBHARDT	BOARD MEMBER	2.00	Director	$0	$0	$0
PETER KATAVICH	BOARD MEMBER	2.00	Director	$0	$0	$0
ROB ONETO	BOARD MEMBER	2.00	Director	$0	$0	$0
KATHLEEN ROSE	BOARD MEMBER	2.00	Director	$0	$0	$0
ROLAND VELASCO	BOARD MEMBER	2.00	Director	$0	$0	$0
MARIE BLANKLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
DIANE ATKINSON	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHELE CAMPBELL	BOARD MEMBER	2.00	Director	$0	$0	$0
TAMMY BROWNLOW	President	40.00	Officer Director	$106,922	$0	$106,922
KURT MICHIELSSEN	BOARD CHAIR	4.00	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
2019	$237,066	$218,402	$445,847	$18,664
2018	$254,058	$201,915	$436,547	$52,143

GILROY ECONOMIC DEVELOPMENT CORPORATION