SAN MATEO COUNTY ECONOMIC DEVELOPMENT ASSOCIATION INCORPORATED

EIN: 941295795

SAN MATEO, CA

Total Revenue
$863,718
Total Expenses
$761,048
Total Assets
$764,092
Net Assets
$764,092
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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
CA
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.

Program Service Accomplishments

Program 1
Expenses: $516,257

REPRESENTED THE BUSINESS COMMUNITY'S VIEWS ON IMPORTANT ISSUES,PROBLEMS AND OPPORTUNITIES WHICH AFFECT THE COUNTY'S ECONOMY AND GENERAL WELL-BEING.

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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 $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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Governance

Voting Members
23
Independent Members
23
Employees
2
Volunteers
5

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
6
$321,173
Total Directors
23
$321,173
Key Employees
0
$0
Highest Compensated
0
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
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