SAN MATEO COUNTY ECONOMIC DEVELOPMENT ASSOCIATION INCORPORATED (EIN 941295795) - 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

1953

Legal Domicile

Phone

6504135600

Tax Period

2023-07-01 to 2024-06-30

SAN MATEO COUNTY ECONOMIC DEVELOPMENT ASSOCIATION INCORPORATED, founded in 1953, is a small nonprofit that reported $864K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $761K left a modest 12% surplus.

Mission

ENHANCING THE POSITIVE BUSINESS CLIMATE AND THE EXTRAORDINARY QUALITY OF LIFE IN SAN MATEO COUNTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $808,737

Investment Income $3,406

Other Revenue $51,575

TOTAL REVENUE $863,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $502,681

Fundraising Expenses $50,268

Program Expenses $516,257

Other Expenses $258,367

TOTAL EXPENSES $761,048

Year-over-Year Comparison

	2023	2022	Change
Revenue	$863,718	$1,266,573	-0.3%
Expenses	$761,048	$1,021,966	-0.3%
Net Income	$102,670	$244,607	-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

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

$321,173

Total Directors

$321,173

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSANNE FOUST	President & CEO	45.00	Officer Director	$321,173	$0	$321,173
STEVE MINCEY	VICE Chairman	1.00	Officer Director	$0	$0	$0
ROBERT WEBSTER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PAUL CASIAS	VC FINANCE	1.00	Officer Director	$0	$0	$0
WILLIAM GRAHAM	Director	1.00	Director	$0	$0	$0
ARIANE HOGAN	Chairman	1.00	Officer Director	$0	$0	$0
CAROL DONNELLY	Director	1.00	Director	$0	$0	$0
GREG HURD	Director	1.00	Director	$0	$0	$0
ELAINE BREEZE	Secretary	1.00	Officer Director	$0	$0	$0
FRANK BARTALDO	Director	1.00	Director	$0	$0	$0
SHERRI SAGER	PAST CHAIRMAN	1.00	Director	$0	$0	$0
SHELLEY DORAN	Director	1.00	Director	$0	$0	$0
RICK KNAUF	Director	1.00	Director	$0	$0	$0
NIRAJ SINGH	Director	1.00	Director	$0	$0	$0
RITA OHAYA	Director	1.00	Director	$0	$0	$0
KEN BUSCH	Director	1.00	Director	$0	$0	$0
CARL MENNIE	Director	1.00	Director	$0	$0	$0
CHRIS WEBER	Director	1.00	Director	$0	$0	$0
SUNIL PANDYA	Director	1.00	Director	$0	$0	$0
JUAN SALAZAR	Director	1.00	Director	$0	$0	$0
JENNIFER JOHNSON	Director	1.00	Director	$0	$0	$0
FRANK R PETRILLI	Director	1.00	Director	$0	$0	$0
LUCY WICKS	Director	1.00	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	No data	No data	No data	No data
2024	$863,718	$761,048	$764,092	$102,670
2023	$1,266,573	$1,021,966	$661,422	$244,607
2022	$920,248	$873,708	$416,815	$46,540
2021	$911,489	$882,266	$370,275	$29,223
2020	$754,635	$764,679	$341,052	$-10,044
2019	$5,846,281	$5,971,980	$351,096	$-125,699

SAN MATEO COUNTY ECONOMIC DEVELOPMENT ASSOCIATION INCORPORATED