Kings County Economic Devolpment Corp

EIN: 942450438 Community Improvement

Hanford, CA

Total Revenue
$368,011
Total Expenses
$266,014
Total Assets
$7,085,343
Net Assets
$6,921,875
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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
1977
Legal Domicile
CA
Principal Officer
Julieta Martinez
Phone
5595853576
Tax Period
2022-07-01 to 2023-06-30

Kings County Economic Devolpment Corp, founded in 1977, is a small nonprofit in the Community Improvement sector that reported $368K in total revenue in fiscal year 2022. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $102K, a strong 28% operating margin.

Mission

The corporation promotes economic development within kings county through participation with state and federal programs designed to finance business facilities and community development projects in rural areas.

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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 (2022)

Revenue Breakdown

Contributions & Grants $202,664
Program Service Revenue $165,347
Investment Income $0
Other Revenue $0
TOTAL REVENUE $368,011

Expense Breakdown

Grants Paid $0
Salaries & Benefits $52,190
Fundraising Expenses $0
Program Expenses $216,801
Other Expenses $213,824
TOTAL EXPENSES $266,014

Year-over-Year Comparison

2022 2021 Change
Revenue $368,011 $404,777 -0.1%
Expenses $266,014 $213,400 +0.2%
Net Income $101,997 $191,377 -0.5%
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

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Governance

Voting Members
24
Independent Members
24
Employees
1
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
2
$0
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Kristin Clark Chairman 1.00
Director
$0 $0 $0
Tim Haydock Vice Chair 1.00
Director
$0 $0 $0
Colby Wells Secretary 1.00
Director
$0 $0 $0
Jeanette Tackett Treasurer 1.00
Director
$0 $0 $0
David Kahn Past Chair 1.00
Director
$0 $0 $0
Toni Baltierra Member 1.00
Director
$0 $0 $0
Joel DeLira Member 1.00
Director
$0 $0 $0
Mark Daniel Member 1.00
Director
$0 $0 $0
Dusty Ference Member 1.00
Director
$0 $0 $0
Robert Flores Member 1.00
Director
$0 $0 $0
Gary Germanine Member 1.00
Director
$0 $0 $0
Jey Lacey Member 1.00
Director
$0 $0 $0
Janet Long Member 1.00
Director
$0 $0 $0
JT Maldonado Member 1.00
Director
$0 $0 $0
Traci Mattos Member 1.00
Director
$0 $0 $0
Dr Kristin Robinson Member 1.00
Director
$0 $0 $0
Dr Victor Rosa Member 1.00
Director
$0 $0 $0
Mark Ross Member 1.00
Director
$0 $0 $0
Jason Usher Member 1.00
Director
$0 $0 $0
Amy Ward Member 1.00
Director
$0 $0 $0
Kalish Morrow City Council 1.00
Director
$0 $0 $0
Nathan Olson City Council 1.00
Director
$0 $0 $0
Doug Verboon Supervisor 1.00
Director
$0 $0 $0
Cynthia Echavarria Baruch Ex-Officer 1.00
Director
$0 $0 $0
Julieta Martinez CEO 20.00
Officer
$0 $0 $0
Cobi Revious CFO 20.00
Officer
$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 $368,011 $266,014 $7,085,343 $101,997
2022 $404,777 $213,400 $7,039,153 $191,377
2021 $386,972 $247,122 $6,907,419 $139,850
2020 $469,279 $366,469 $6,816,223 $102,810
2019 $431,229 $344,721 $6,768,941 $86,508
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