The Economic Development Corporation Serving Fresno County

EIN: 942816185

Fresno, CA

Total Revenue
$10,163,247
Total Expenses
$9,821,025
Total Assets
$5,561,553
Net Assets
$2,075,132
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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
CA
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.

Program Service Accomplishments

Program 1
Expenses: $9,452,718 Revenue: $10,153,247

The corporation assists in the relocation of new businesses to the Fresno County area, resulting in numerous new jobs and an investment of millions. It also assists several businesses with...

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The corporation assists in the relocation of new businesses to the Fresno County area, resulting in numerous new jobs and an investment of millions. It also assists several businesses with expansions, creating new jobs in the area. In addition, the corporation works to retain regional employers, saving local jobs for the local economy.

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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 (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

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Governance

Voting Members
34
Independent Members
34
Employees
28
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
17
$497,458
Total Directors
42
$497,458
Key Employees
0
$0
Highest Compensated
0
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
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