TRI CITY ECONOMIC DEVELOPMENT CORPORATION (EIN 942687078) - 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

1980

Legal Domicile

Principal Officer

JASON TORO

Phone

5104713850

Tax Period

2024-01-01 to 2024-12-31

TRI CITY ECONOMIC DEVELOPMENT CORPORATION, founded in 1980, is a mid-sized nonprofit in the Environment sector that reported $17.6M in total revenue in fiscal year 2024. Expenses of $16.8M left a modest 5% surplus.

Mission

TO REDUCE WASTE STREAM & PROVIDE EMPLOYMENT AND TRAINING TO THOSE WITH BARRIERS TO EMPLOYMENT.

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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 $100,000

Program Service Revenue $14,889,770

Investment Income $42,395

Other Revenue $2,583,263

TOTAL REVENUE $17,615,428

Expense Breakdown

Grants Paid $4,703

Salaries & Benefits $9,011,172

Fundraising Expenses $9,216

Program Expenses $16,261,358

Other Expenses $7,748,795

TOTAL EXPENSES $16,764,670

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,615,428	$17,082,804	+0.0%
Expenses	$16,764,670	$15,199,072	+0.1%
Net Income	$850,758	$1,883,732	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$506,267

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OBRAY VAN BUREN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JULIE ZHU	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
PATTI CASTRO	DIRECTOR	1.00	Director	$0	$0	$0
LORRENE RITCHIE	DIRECTOR	1.00	Director	$0	$0	$0
JIM NELSON	DIRECTOR	1.00	Director	$0	$0	$0
JASON TORO	CEO	40.00	Officer	$150,000	$36,888	$186,888
MANGEE AUSTRIA	CHIEF ADMINISTRATIVE OFFICER	45.00	Officer	$113,901	$46,260	$160,161
EILEEN RIENER	CHIEF OPERATIONS OFFICER	45.00	Officer	$113,901	$45,317	$159,218
HUMBERTO TREJO	DRIVER	40.00	Highest	$192,171	$56,714	$248,885
XIN MOU	DRIVER	40.00	Highest	$188,047	$56,714	$244,761
JAMES JACKSON	DRIVER	40.00	Highest	$179,547	$56,714	$236,261
OCTAVIO BENNETT	DRIVER	40.00	Highest	$175,464	$56,714	$232,178
STEVEN SIMS	SHOP STUART	40.00	Highest	$163,304	$26,675	$189,979

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
2024	$17,615,428	$16,764,670	$17,769,374	$850,758
2023	$17,082,804	$15,199,072	$14,389,151	$1,883,732
2022	$13,718,847	$14,325,188	$6,152,468	$-606,341
2021	$14,270,902	$13,417,216	$7,121,419	$853,686
2020	$15,009,947	$13,667,439	$7,298,664	$1,342,508
2019	$11,037,853	$11,951,734	$6,359,145	$-913,881
2018	$10,220,428	$11,042,138	$7,257,195	$-821,710

TRI CITY ECONOMIC DEVELOPMENT CORPORATION