Economic Development Corp of Shasta Co (EIN 941417261) - 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

1957

Legal Domicile

Principal Officer

Todd Jones

Phone

5302244920

Tax Period

2022-07-01 to 2023-06-30

Economic Development Corp of Shasta Co, founded in 1957, is a small nonprofit that reported $595K in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year.

Mission

to create primary industry employment, resulting in higher wages and added wealth for residents.

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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 (2022)

Revenue Breakdown

Contributions & Grants $195,178

Program Service Revenue $357,674

Investment Income $181

Other Revenue $41,976

TOTAL REVENUE $595,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $298,639

Fundraising Expenses $22,552

Program Expenses $449,844

Other Expenses $284,393

TOTAL EXPENSES $583,032

Year-over-Year Comparison

	2022	2021	Change
Revenue	$595,009	$647,749	-0.1%
Expenses	$583,032	$524,207	+0.1%
Net Income	$11,977	$123,542	-0.9%

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

$104,308

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Todd Jones	President	40.00	Officer	$104,308	$0	$104,308
Todd Davis	Secretary/treas	2.00	Officer Director	$0	$0	$0
Michele Goedert	Director	1.00	Director	$0	$0	$0
Patrick Corey	Director	1.00	Director	$0	$0	$0
Steve Williams	Director	1.00	Director	$0	$0	$0
Keith Hunting	Vice Chair	2.00	Officer Director	$0	$0	$0
Mike Ashby	Director	1.00	Director	$0	$0	$0
Heidi Corrigan	Director	1.00	Director	$0	$0	$0
Jeff Finck	Director	1.00	Director	$0	$0	$0
Garrett Brown	Director	1.00	Director	$0	$0	$0
Eric Woodstrom	Chair	2.00	Officer Director	$0	$0	$0
Andy McCurdy	Director	1.00	Director	$0	$0	$0
michelle nystrom	Director	1.00	Director	$0	$0	$0
Les Melburg	asst. Secretary	2.00	Officer Director	$0	$0	$0
Rob Middleton	Director	1.00	Director	$0	$0	$0
Lisa Geraci	Director	1.00	Director	$0	$0	$0
gary parkinson	Director	1.00	Director	$0	$0	$0
zane peterson	Director	1.00	Director	$0	$0	$0
Tim Maclean	Director	1.00	Director	$0	$0	$0
Stuart Sutherland	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	No data	No data	No data	No data
2023	$595,009	$583,032	$512,603	$11,977
2022	$647,749	$524,207	$503,248	$123,542
2021	$451,415	$383,733	$359,822	$67,682
2020	$476,105	$405,806	$312,955	$70,299
2019	$329,290	$425,516	$256,066	$-96,226
2018	$406,017	$441,478	$329,283	$-35,461

Economic Development Corp of Shasta Co