SAN JOAQUIN COUNTY ECONOMIC DEVELOPMENT ASSOCIATION (EIN 941588318) - 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

1963

Legal Domicile

Principal Officer

PATRICIA VIRGEN

Phone

2094683615

Tax Period

2024-07-01 to 2025-06-30

SAN JOAQUIN COUNTY ECONOMIC DEVELOPMENT ASSOCIATION, founded in 1963, is a small nonprofit that reported $573K in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. Net assets of $1.2M represent 26 months of operating reserves.

Mission

TO PROMOTE, PUBLICIZE AND ENCOURAGE ECONOMIC DEVELOPMENT OF SAN JOAQUIN COUNTY TO HAVE A BALANCED ECONOMY, ENSURE EMPLOYMENT OPPORTUNITIES, SUSTAIN PURCHASING POWER AND DEVELOP ADEQUATE ASSESSED VALUATION.

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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 $141,324

Program Service Revenue $391,040

Investment Income $40,717

Other Revenue $0

TOTAL REVENUE $573,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $320,020

Fundraising Expenses $0

Program Expenses $566,508

Other Expenses $271,528

TOTAL EXPENSES $591,548

Year-over-Year Comparison

	2024	2023	Change
Revenue	$573,081	$335,281	+0.7%
Expenses	$591,548	$475,513	+0.2%
Net Income	$-18,467	$-140,232	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
PATRICIA VIRGEN	Executive Dir.	Officer Director	$0	$0	$0
ANN ROGAN	Vice President	Officer Director	$0	$0	$0
PAUL CANEPA	2ND VICE PRES.	Officer Director	$0	$0	$0
RONNIE LOZANO	Director	Officer Director	$0	$0	$0
ROXANNE JEWELL-RICHARDSON	Treasurer	Director	$0	$0	$0
KIM PARCO	Secretary	Officer Director	$0	$0	$0
SONNY DHALIWAL	Director	Director	$0	$0	$0
ROBERT RICKMAN	Director	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	$573,081	$591,548	$1,278,164	$-18,467
2024	$335,281	$475,513	$1,310,244	$-140,232
2023	$169,753	$241,232	$1,726,691	$-71,479
2022	$131,695	$253,191	$1,557,122	$-121,496
2021	$138,217	$316,059	$1,655,133	$-177,842
2019	$198,816	$465,959	$2,097,251	$-267,143
2018	$94,900	$500,522	$2,383,248	$-405,622

SAN JOAQUIN COUNTY ECONOMIC DEVELOPMENT ASSOCIATION