SONOMA COUNTY ECONOMIC DEVELOPMENT… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

K HECHT

Phone

7075657170

Tax Period

2024-07-01 to 2025-06-30

SONOMA COUNTY ECONOMIC DEVELOPMENT BOARD FOUNDATION, founded in 2001, is a micro nonprofit in the Community Improvement sector that reported $97K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $149K exceeded revenue, resulting in a 54% operating deficit.

Mission

TO SUPPORT SONOMA COUNTY'S ECONOMIC DEVELOPMENT BOARD PROGRAMS

Program Service Accomplishments

Program 1

Expenses: $90,536

Creative Sonoma - The Creative Sonoma program supported the development of a county-wide Public Art Plan, an Arts Education Workforce Plan, as well as the professional development program BIPOC...

Creative Sonoma - The Creative Sonoma program supported the development of a county-wide Public Art Plan, an Arts Education Workforce Plan, as well as the professional development program BIPOC Producers Lab, produced with Kimzin Creative. Funds were also used to support event photography, and honoraria and an ArtSurround public art project. These activities were primarily funded using grants received by The William and Flora Hewlett Foundation and Manitou Fund.

Program 2

Expenses: $27,475

Research Initiatives - This program funded Business Development Tools to help local businesses recognize current industry trends, find new target markets and customer bases, and research site...

Research Initiatives - This program funded Business Development Tools to help local businesses recognize current industry trends, find new target markets and customer bases, and research site selection data. Sponsor-supported funding allows these reports to be offered free of charge to local businesses.

Program 3

Expenses: $14,539

Fall Economic Perspective -The Fall Economic Perspective Navigating Economic Shifts looked at how different election results can shape and influence local economies. Dr. Jerry Nickelsburg explored...

Fall Economic Perspective -The Fall Economic Perspective Navigating Economic Shifts looked at how different election results can shape and influence local economies. Dr. Jerry Nickelsburg explored how historical election results impacted economic indicators, how policy changes could influence local sectors, and what the labor market may look like post-election. The event was held at Sonoma State University with over 200 people in attendance.

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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 $68,900

Program Service Revenue $16,955

Investment Income $10,690

Other Revenue $0

TOTAL REVENUE $96,545

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $144,424

Other Expenses $133,734

TOTAL EXPENSES $148,734

Year-over-Year Comparison

	2024	2023	Change
Revenue	$96,545	$115,632	-0.2%
Expenses	$148,734	$1,160,778	-0.9%
Net Income	$-52,189	$-1,045,146	-1.0%

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

N/A

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

$225,806

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
E BROWN	ED/SECRETARY	1.00	Officer	$0	$12,716	$225,806
K PHILIP	Chair	1.00	Officer Director	$0	$0	$0
W LEACH	VICE Chair	1.00	Officer Director	$0	$0	$0
R MARZO	Treasurer	1.00	Officer Director	$0	$0	$0
N SCHWANZ	MEMBER	1.00	Director	$0	$0	$0
J KIVELSTADT	MEMBER	1.00	Director	$0	$0	$0
L KACHIU	MEMBER	1.00	Director	$0	$0	$0
R MAHIRI	MEMBER	1.00	Director	$0	$0	$0
B CHAVEZ RESIGNED 12025	MEMBER	1.00	Director	$0	$0	$0
M TSAO	MEMBER	1.00	Director	$0	$0	$0
W BRAND RESIGNED 22025	MEMBER	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	$96,545	$148,734	$719,916	$-52,189
2024	$115,632	$1,160,778	$971,013	$-1,045,146
2023	$170,775	$302,701	$1,856,447	$-131,926
2022	$156,376	$180,304	$1,977,046	$-23,928
2021	$593,403	$553,270	$1,962,403	$40,133
2020	$1,517,548	$369,404	$2,004,867	$1,148,144
2019	$500,720	$516,865	$843,527	$-16,145
2018	$831,165	$561,657	$917,268	$269,508

SONOMA COUNTY ECONOMIC DEVELOPMENT BOARD FOUNDATION