SMALL BUSINESS DEVELOPMENT CORPORATION OF ORANGE COUNTY (EIN 912154838) - 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

2001

Legal Domicile

Principal Officer

MICHAEL OCASIO

Phone

7145711900

Tax Period

2024-07-01 to 2025-06-30

SMALL BUSINESS DEVELOPMENT CORPORATION OF ORANGE COUNTY, founded in 2001, is a community nonprofit in the Community Improvement sector that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $545K, a strong 18% operating margin.

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO SMALL BUSINESSES. THE ORGANIZATION IS PRIMARILY INVOLVED IN ECONOMIC DEVELOPMENT LENDING ACTIVITIES PROVIDING STATE LOAN GUARANTEES AND OTHER DIRECT CAPITAL ACCESS PROGRAMS.

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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 $80,500

Program Service Revenue $2,816,671

Investment Income $71,699

Other Revenue $18,192

TOTAL REVENUE $2,987,062

Expense Breakdown

Grants Paid $21,555

Salaries & Benefits $2,072,813

Fundraising Expenses $0

Program Expenses $2,111,791

Other Expenses $347,390

TOTAL EXPENSES $2,441,758

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,987,062	$2,445,434	+0.2%
Expenses	$2,441,758	$2,105,387	+0.2%
Net Income	$545,304	$340,047	+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

$973,189

Total Directors

$414,586

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL OCASIO	CEO	40.00	Officer Director	$393,510	$21,076	$414,586
LARRY TRUJILLO	SECRETARY	2.00	Officer Director	$0	$0	$0
PABLO OCASIO	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
THANH PHAM	CHAIRMAN	2.00	Officer Director	$0	$0	$0
CASSAUNDRA JOHNSON	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL KARR	DIRECTOR	1.00	Director	$0	$0	$0
GIL KEINAN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC BELL	DIRECTOR	1.00	Director	$0	$0	$0
JOHNNY THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE NGUYEN	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE MILLER	CHIEF FINANCIAL OFFICER	40.00	Officer	$204,685	$28,211	$232,896
JIM ELY	PRESIDENT	40.00	Officer	$311,548	$14,159	$325,707
NESTOR CORREA	SR VICE PRES COMMERCIAL LE	40.00	Highest	$257,617	$28,070	$285,687
RICHARD LEE	SR VICE PRES COMMERCIAL LE	40.00	Highest	$238,433	$16,234	$254,667
MARIA LOPEZ	CHIEF OPERATION OFFICER	40.00	Highest	$143,668	$12,831	$156,499
EDDIE NEVAREZ	CREDIT ANALYST	40.00	Highest	$101,792	$14,955	$116,747

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	$2,987,062	$2,441,758	$5,901,420	$545,304
2024	$2,445,434	$2,105,387	$5,366,878	$340,047
2023	$1,947,192	$1,675,516	$4,981,581	$271,676
2022	$1,788,312	$1,286,824	$4,737,305	$501,488
2021	$1,313,486	$1,221,366	$3,166,647	$92,120
2020	$1,504,555	$1,459,719	$3,058,781	$44,836
2019	$2,176,195	$1,489,379	$2,949,774	$686,816

SMALL BUSINESS DEVELOPMENT CORPORATION OF ORANGE COUNTY