The Economic Development Corporation Serving Fresno County (EIN 942816185) - 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

1981

Legal Domicile

Phone

5594762500

Tax Period

2024-07-01 to 2025-06-30

The Economic Development Corporation Serving Fresno County, founded in 1981, is a mid-sized nonprofit that reported $10.2M in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum. Expenses of $9.8M left a modest 3% surplus.

Mission

To promote and maintain a strong business climate throughout the city and to foster a healthy and sustainable economy for the benefit of the entire community.

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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 $10,093,178

Program Service Revenue $0

Investment Income $24,060

Other Revenue $46,009

TOTAL REVENUE $10,163,247

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,795,435

Fundraising Expenses $0

Program Expenses $9,452,718

Other Expenses $8,025,590

TOTAL EXPENSES $9,821,025

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,163,247	$5,610,663	+0.8%
Expenses	$9,821,025	$5,358,382	+0.8%
Net Income	$342,222	$252,281	+0.4%

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

$497,458

Total Directors

$497,458

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Will Oliver	President & CEO	40.00	Officer Director	$165,300	$16,501	$181,801
Paul Thorn	Controller	40.00	Officer Director	$99,760	$18,041	$117,801
Chris Zeitz	VP of Workforce	40.00	Officer Director	$90,987	$12,231	$103,218
Mohamed Hussin	VP of Administr	40.00	Officer Director	$83,973	$10,665	$94,638
Ed Dunkel	Chairman	2.00	Officer Director	$0	$0	$0
Nicholas Audino	Vice Chairman	10.00	Officer Director	$0	$0	$0
Richard Caglia	Secretary	2.00	Officer Director	$0	$0	$0
Paul Nerland	Designated Dir	2.00	Officer Director	$0	$0	$0
Al Solis	Past Chair	2.00	Officer Director	$0	$0	$0
Georgeanne White	Designated Dir	2.00	Officer Director	$0	$0	$0
Andrew Haussler	Designated Dir	2.00	Officer Director	$0	$0	$0
John Brelsford	At-Large Direct	2.00	Officer Director	$0	$0	$0
Rolston St Hilaire	Director	1.00	Director	$0	$0	$0
Frank Hambalek	Treasurer	2.00	Officer Director	$0	$0	$0
Tom Zimmerman	Director	1.00	Director	$0	$0	$0
Chuck Riojas	Director	1.00	Director	$0	$0	$0
Derek Hayashi	Director	1.00	Director	$0	$0	$0
Ross Parnagian	Director	1.00	Director	$0	$0	$0
Windell Pascascio Jr	Director	1.00	Director	$0	$0	$0
Scott Miller	Director	1.00	Director	$0	$0	$0
Buk Wagner	Director	1.00	Director	$0	$0	$0
Tyler Hedden	At-Large Direct	2.00	Officer Director	$0	$0	$0
Courtney Smittcamp	Director	1.00	Director	$0	$0	$0
Nelson Esparza	Director	1.00	Director	$0	$0	$0
Carole Goldsmith	Director	1.00	Director	$0	$0	$0
Debbie Hunsaker	Director	1.00	Director	$0	$0	$0
Ken Ramos	Director	1.00	Director	$0	$0	$0
Kurt Madden	Director	1.00	Director	$0	$0	$0
Steve Alarcon	Director	1.00	Director	$0	$0	$0
Kyle Riddering	Director	1.00	Director	$0	$0	$0
Gino Cayanan	Director	1.00	Director	$0	$0	$0
Tyrone Roderick Williams	Director	1.00	Director	$0	$0	$0
Peter Sanchez	Director	1.00	Director	$0	$0	$0
John Jansons	Director	1.00	Director	$0	$0	$0
Vahagn Bznouni	Director	1.00	Director	$0	$0	$0
Jackie Cuevas	Manager	2.00	Officer Director	$0	$0	$0
Julian Ramos	Director	2.00	Officer Director	$0	$0	$0
Adam Goldfarb	Director	1.00	Director	$0	$0	$0
Alexander Henderson	Director	1.00	Director	$0	$0	$0
Anna Brooks	At-Large Direct	2.00	Officer Director	$0	$0	$0
Buddy Mendes	Director	1.00	Director	$0	$0	$0
Diana Gomez	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	$10,163,247	$9,821,025	$5,561,553	$342,222
2024	No data	No data	No data	No data
2023	$3,506,307	$3,295,639	$2,511,416	$210,668
2022	$2,805,345	$2,603,414	$1,897,304	$201,931
2021	$2,355,239	$2,328,408	$1,900,359	$26,831
2020	$2,327,740	$2,299,011	$1,373,626	$28,729
2019	$2,696,686	$2,666,290	$1,457,296	$30,396

The Economic Development Corporation Serving Fresno County