ARCATA ECONOMIC DEVELOPMENT CORPORATION (EIN 942674882) - 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

1978

Legal Domicile

Principal Officer

ROSS WELCH

Phone

7077986132

Tax Period

2024-07-01 to 2025-06-30

ARCATA ECONOMIC DEVELOPMENT CORPORATION, founded in 1978, is a community nonprofit in the Community Improvement sector that reported $5.7M in total revenue in fiscal year 2024. Expenses of $4.9M left a modest 13% surplus.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT IN THE NORTH COAST REGION OF CALIFORNIA BY PROVIDING BUSINESS LENDING AND TECHNICAL ASSISTANCE SERVICES, COMMUNITY ECONOMIC DEVELOPMENT ASSISTANCE, AND MICROLOAN BUSINESS ASSISTANCE & TRAINING.

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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 $4,586,568

Program Service Revenue $972,884

Investment Income $106,196

Other Revenue $0

TOTAL REVENUE $5,665,648

Expense Breakdown

Grants Paid $3,002,790

Salaries & Benefits $847,660

Fundraising Expenses $0

Program Expenses $4,815,898

Other Expenses $1,084,270

TOTAL EXPENSES $4,934,720

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,665,648	$5,324,974	+0.1%
Expenses	$4,934,720	$4,520,789	+0.1%
Net Income	$730,928	$804,185	-0.1%

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

$134,733

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSS WELCH	EXECUTIVE DIRECTOR	40.00	Officer	$122,440	$12,293	$134,733
WALT GEIST	PRESIDENT	1.00	Director	$0	$0	$0
LARRY OETKER	VICE PRESIDENT	1.00	Director	$0	$0	$0
MICHAEL PROULX	TREASURER	1.00	Director	$0	$0	$0
JANET DEPACE	SECRETARY	1.00	Director	$0	$0	$0
MANDY MARQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
FAWN SCHEER	DIRECTOR	1.00	Director	$0	$0	$0
TERRY SUPAHAN	DIRECTOR	1.00	Director	$0	$0	$0
TINA SUSMILICH	DIRECTOR	1.00	Director	$0	$0	$0
AJ GONZALES	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE FLORA	DIRECTOR	1.00	Director	$0	$0	$0
AMBER WEIR	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	$5,665,648	$4,934,720	$19,010,277	$730,928
2024	$5,324,974	$4,520,789	$14,465,626	$804,185
2023	$3,441,770	$2,201,639	$14,152,552	$1,240,131
2022	$2,196,456	$842,949	$14,061,743	$1,353,507
2021	$1,194,814	$792,187	$8,322,650	$402,627
2020	$1,162,534	$692,566	$8,888,811	$469,968
2019	$795,389	$882,269	$6,327,908	$-86,880

ARCATA ECONOMIC DEVELOPMENT CORPORATION