KERN ECONOMIC DEVELOPMENT FOUNDATION INC (EIN 800188846) - 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

2007

Legal Domicile

Principal Officer

RICHARD CHAPMAN

Phone

6618625150

Tax Period

2022-07-01 to 2023-06-30

KERN ECONOMIC DEVELOPMENT FOUNDATION INC, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2022. Revenue surged 192% from the prior year, signaling strong growth momentum. The organization ran a surplus of $154K, a strong 15% operating margin.

Mission

EDUCATION AND RESEARCH. A RESEARCH BASED AND EDUCATIONAL ORGANIZATION THAT SUPPORTS KERN COUNTY BUSINESSES AND COMMUNITIES IN REACHING THEIR FULL ECONOMIC POTENTIAL.

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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 $812,537

Program Service Revenue $136,500

Investment Income $0

Other Revenue $53,271

TOTAL REVENUE $1,002,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $805,083

Other Expenses $848,778

TOTAL EXPENSES $848,778

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,002,308	$342,974	+1.9%
Expenses	$848,778	$313,662	+1.7%
Net Income	$153,530	$29,312	+4.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE CORSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FRANZ	DIRECTOR	1.00	Director	$0	$0	$0
PAWAN GILL	DIRECTOR	1.00	Director	$0	$0	$0
KRISTY GREENLAND	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN LOPEZ	DIRECTOR	1.00	Director	$0	$0	$0
JENIFER PITCHER	DIRECTOR	1.00	Director	$0	$0	$0
PAULETTE RUSH	DIRECTOR	1.00	Director	$0	$0	$0
JEANNIE BERTOLACCINI	PAST CHAIR	1.00	Officer	$0	$0	$0
PAULINA CHRISTENSON	SECRETARY	1.00	Officer	$0	$0	$0
CHRISTINA SCRIVNER	VICE CHAIR	1.00	Officer	$0	$0	$0
MARK WYATT	CHAIR	1.00	Officer	$0	$0	$0
KAREN ZUBER	TREASURER	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,002,308	$848,778	$207,410	$153,530
2022	$342,974	$313,662	$98,317	$29,312
2021	$22,005	$43,647	$128,716	$-21,642
2020	$10,000	$8,197	$62,978	$1,803
2019	$104,979	$111,586	$57,175	$-6,607
2018	$106,701	$68,497	$85,661	$38,204

KERN ECONOMIC DEVELOPMENT FOUNDATION INC