GREATER YUMA ECONOMIC DEVELOPMENT CORPORATION

EIN: 860537174

YUMA, AZ

Total Revenue
$961,170
Total Expenses
$1,049,025
Total Assets
$531,338
Net Assets
$429,571
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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
1987
Legal Domicile
AZ
Principal Officer
GREG LAVANN
Phone
9287827774
Tax Period
2023-07-01 to 2024-06-30

GREATER YUMA ECONOMIC DEVELOPMENT CORPORATION, founded in 1987, is a small nonprofit that reported $961K in total revenue in fiscal year 2023.

Mission

TO EXPAND ECONOMIC ACTIVITY WITHIN YUMA COUNTY BY ATTRACTING COMMERCE AND INDUSTRY TO THE REGION AND BY ASSISTING IN DEVELOPING THE REGION'S EXISTING INDUSTRY TO ITS FULLEST 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $926,062
Program Service Revenue $0
Investment Income $7,279
Other Revenue $27,829
TOTAL REVENUE $961,170

Expense Breakdown

Grants Paid $0
Salaries & Benefits $551,769
Fundraising Expenses $0
Program Expenses $873,193
Other Expenses $497,256
TOTAL EXPENSES $1,049,025

Year-over-Year Comparison

2023 2022 Change
Revenue $961,170 $952,443 +0.0%
Expenses $1,049,025 $1,015,542 +0.0%
Net Income $-87,855 $-63,099 +0.4%
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

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Governance

Voting Members
21
Independent Members
21
Employees
6
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
4
$93,399
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIO JAUREGUI PAST CHAIR 1.00
Director
$0 $0 $0
DEBORAH ADERS MEMBER 1.00
Director
$0 $0 $0
GERARDO ANAYA MEMBER 1.00
Director
$0 $0 $0
DANIEL BAZUA MEMBER 1.00
Director
$0 $0 $0
SCOTT BLITZ MEMBER 1.00
Director
$0 $0 $0
REETIKA DHAWAN MEMBER 1.00
Director
$0 $0 $0
JOSH FINKBEINER MEMBER 1.00
Director
$0 $0 $0
MARY ELLEN FINCH EX-OFFICIO MEMBER 1.00
Director
$0 $0 $0
DR TANYA HODGES MEMBER 1.00
Director
$0 $0 $0
JONATHAN LINES MEMBER 1.00
Director
$0 $0 $0
IAN MCGUAGHEY EX-OFFICIO MEMBER 1.00
Director
$0 $0 $0
ART MORALES MEMBER 1.00
Director
$0 $0 $0
DOUGLAS NICHOLLS MEMBER 1.00
Director
$0 $0 $0
TOM PANCRAZI MEMBER 1.00
Director
$0 $0 $0
MARTIN PORCHAS MEMBER 1.00
Director
$0 $0 $0
MATIAS ROSALES MEMBER 1.00
Director
$0 $0 $0
MARK SCHAUER EX-OFFICIO MEMBER 1.00
Director
$0 $0 $0
JAY SIMONTON EX-OFFICIO MEMBER 1.00
Director
$0 $0 $0
ELIZABETH CARPENTER CHAIR 0.00
Officer
$0 $0 $0
WAYNE GALE VICE CHAIR 1.00
Officer
$0 $0 $0
DANIEL ORTEGA SEC/TREAS 1.00
Officer
$0 $0 $0
JULIE ENGEL PRESIDENT & CEO 40.00
Officer
$93,399 $0 $93,399
GREGORY LAVANN VP 40.00
Highest
$140,320 $0 $140,320
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 $961,170 $1,049,025 $531,338 $-87,855
2023 $1,008,722 $1,018,799 $587,514 $-10,077
2022 $972,863 $903,656 $610,696 $69,207
2021 $790,399 $687,692 $543,489 $102,707
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