Solano Economic Devco Corp (EIN 911790564) - 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

1997

Legal Domicile

Principal Officer

Christopher E Rico

Phone

7078641855

Tax Period

2024-07-01 to 2025-06-30

Solano Economic Devco Corp, founded in 1997, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024.

Mission

To bring greater prosperity to the people, businesses, and communities of Solano County through partnerships, projects, and programs that focus on Business Attraction, Business Retention and Expansion, and projects that serve the Public Good.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,248,934

Investment Income $10,878

Other Revenue $20,289

TOTAL REVENUE $1,280,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,031,237

Fundraising Expenses $0

Other Expenses $260,502

TOTAL EXPENSES $1,291,739

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,280,101	$1,209,530	+0.1%
Expenses	$1,291,739	$1,118,609	+0.2%
Net Income	$-11,638	$90,921	-1.1%

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

$381,936

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher E Rico	President / CEO	40.00	Officer	$225,441	$0	$225,441
J Paul Harrington	Vice President	40.00	Officer	$156,495	$0	$156,495
Kevin Miller	Chairman	3.00	Officer Director	$0	$0	$0
Kelley Jaeger-Jackson	Vice Chair	3.00	Officer Director	$0	$0	$0
Nicole Byrd Braddock	Treasurer	3.00	Officer Director	$0	$0	$0
David Gassaway	Secretary	2.00	Officer Director	$0	$0	$0
Dr Kellie Butler	Director	1.00	Director	$0	$0	$0
Savita Chaudhary	Director	1.00	Director	$0	$0	$0
David Danzeisen	Director	1.00	Director	$0	$0	$0
Bill Emlen	Director	1.00	Director	$0	$0	$0
Daryl Halls	Director	1.00	Director	$0	$0	$0
Newman Hoffman	Director	1.00	Director	$0	$0	$0
Chris Matthews	Director	1.00	Director	$0	$0	$0
Onassis McFarlane	Director	1.00	Director	$0	$0	$0
Scott Reynolds	Director	1.00	Director	$0	$0	$0
James Russell-Field	Director	1.00	Director	$0	$0	$0
Scott Sheldon	Director	1.00	Director	$0	$0	$0
Jeremiah Smith	Director	1.00	Director	$0	$0	$0
Sanjit Sodhi	Director	1.00	Director	$0	$0	$0
Naytri Sramek	Director	1.00	Director	$0	$0	$0
Lindsey Strange	Director	1.00	Director	$0	$0	$0
Wanda Williams	Director	1.00	Director	$0	$0	$0
Paul Adler	Director	0.50	Director	$0	$0	$0
Greg Armstrong	Director	0.50	Director	$0	$0	$0
Bill Biasi	Director	0.50	Director	$0	$0	$0
John Carli	Director	0.50	Director	$0	$0	$0
Kim Castaneda	Director	0.50	Director	$0	$0	$0
Jeremy Craig	Director	0.50	Director	$0	$0	$0
Lisette Estrella-Henderson	Director	0.50	Director	$0	$0	$0
Theresa Fortier	Director	0.50	Director	$0	$0	$0
Mario Giuliani	Director	0.50	Director	$0	$0	$0
Alma Hernandez	Director	0.50	Director	$0	$0	$0
Dave Hubble	Director	0.50	Director	$0	$0	$0
Kevin Johnson	Director	0.50	Director	$0	$0	$0
Andrea Jones	Director	0.50	Director	$0	$0	$0
Bridgit Koller	Director	0.50	Director	$0	$0	$0
Albert Lavezzo	Director	0.50	Director	$0	$0	$0
Jim Lindley	Director	0.50	Director	$0	$0	$0
Alexander Matias	Director	0.50	Director	$0	$0	$0
Kristina Miller	Director	0.50	Director	$0	$0	$0
Cat Moy	Director	0.50	Director	$0	$0	$0
Andrew Murray	Director	0.50	Director	$0	$0	$0
Derek Nelson	Director	0.50	Director	$0	$0	$0
Edwin Okamura	Director	0.50	Director	$0	$0	$0
Jimmy Pierson	Director	0.50	Director	$0	$0	$0
Bret Prebula	Director	0.50	Director	$0	$0	$0
Jennifer Sachs	Director	0.50	Director	$0	$0	$0
Terry Scott	Director	0.50	Director	$0	$0	$0
Gina Vasquez	Director	0.50	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
2025	$1,280,101	$1,291,739	$3,961,903	$-11,638
2024	$1,209,530	$1,118,609	$2,266,136	$90,921
2023	$1,343,844	$1,260,140	$150,411	$83,704
2022	$971,946	$1,000,263	$147,122	$-28,317
2021	$753,834	$844,563	$170,227	$-90,729
2020	$947,418	$849,393	$397,957	$98,025
2019	$771,870	$765,941	$99,430	$5,929

Solano Economic Devco Corp