California Coastal Rural Development Cor

EIN: 940276025 501(c)(3) Community Improvement

Salinas, CA

Total Revenue
$4,857,769
Total Expenses
$3,639,496
Total Assets
$21,596,032
Net Assets
$13,635,389
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
CA
Principal Officer
Lee Takikawa
Phone
8314241099
Tax Period
2024-07-01 to 2025-06-30

California Coastal Rural Development Cor, founded in 1982, is a community nonprofit in the Community Improvement sector that reported $4.9M in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.2M, a strong 25% operating margin.

Mission

Dedicated to providing financing to small farmers and businesses throughout CA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $768,341
Program Service Revenue $4,097,005
Investment Income $0
Other Revenue $-7,577
TOTAL REVENUE $4,857,769

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,719,592
Fundraising Expenses $0
Program Expenses $2,574,919
Other Expenses $1,919,904
TOTAL EXPENSES $3,639,496

Year-over-Year Comparison

2024 2023 Change
Revenue $4,857,769 $6,796,425 -0.3%
Expenses $3,639,496 $3,360,039 +0.1%
Net Income $1,218,273 $3,436,386 -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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
10
Employees
12
Volunteers
24

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
3
$287,514
Total Directors
12
$307,314
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lee Takikawa President 40.00
Officer Director
$246,753 $30,961 $277,714
Roy Robbins Chairman & CFO 2.50
Officer Director
$6,700 $0 $6,700
Danny Braga Member 2.50
Director
$3,000 $0 $3,000
Ted CagatVice Chair Secretary/Treasurer 2.50
Officer Director
$3,100 $0 $3,100
Louie Valenzuela Member 2.50
Director
$3,100 $0 $3,100
Juan Batista Member 2.50
Director
$2,100 $0 $2,100
Maeda Palius Member 2.50
Director
$1,800 $0 $1,800
John Moskal Member 2.50
Director
$0 $0 $0
Clay Appleton Member 2.50
Director
$6,700 $0 $6,700
Sebastian Guillen Member 2.50
Director
$800 $0 $800
Cindy Merzon Member 2.50
Director
$2,300 $0 $2,300
Jeff Rawlings Member (Through 4/2025) 2.50
Director
$0 $0 $0
David Dickinson Chief Lender Officer 40.00
Highest
$120,272 $31,578 $151,850
Fred Madison Controller 40.00
Highest
$119,070 $41,856 $160,926
Erich Kortz SM Loan Officer 40.00
Highest
$110,220 $25,571 $135,791
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 $4,857,769 $3,639,496 $21,596,032 $1,218,273
2024 $6,796,425 $3,360,039 $20,315,819 $3,436,386
2023 $5,011,409 $3,514,702 $18,558,574 $1,496,707
2022 $5,534,051 $3,186,047 $15,880,769 $2,348,004
2021 $4,227,948 $3,025,227 $13,132,580 $1,202,721
2020 $3,686,782 $3,449,076 $13,465,321 $237,706
2019 $3,974,047 $3,837,750 $13,425,946 $136,297
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