ECONOMIC RESOURCES CORPORATION (EIN 952546360) - 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

1968

Legal Domicile

Principal Officer

SAMUEL HUGHES

Phone

3105374610

Tax Period

2024-07-01 to 2025-06-30

ECONOMIC RESOURCES CORPORATION, founded in 1968, is a community nonprofit that reported $7.5M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.5M, a strong 60% operating margin.

Mission

TO PROMOTE ECONOMIC GROWTH AND INCREASED JOB OPPORTUNITY IN UNDER-SERVED COMMUNITIES BY SUPPORTING BUSINESS DEVELOPMENT, INVESTING IN COMMERCIAL AND INDUSTRIAL REAL ESTATE AND PROVIDING EMPLOYMENT OPPORTUNITIES.

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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 $1,788,415

Program Service Revenue $5,098,005

Investment Income $523,920

Other Revenue $88,656

TOTAL REVENUE $7,498,996

Expense Breakdown

Grants Paid $30,450

Salaries & Benefits $1,292,671

Fundraising Expenses $0

Program Expenses $2,504,690

Other Expenses $1,707,974

TOTAL EXPENSES $3,031,095

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,498,996	$5,551,976	+0.4%
Expenses	$3,031,095	$2,755,983	+0.1%
Net Income	$4,467,901	$2,795,993	+0.6%

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

$613,501

Total Directors

$417,212

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAMUEL HUGHES	PRESIDENT/CEO	38.00	Officer Director	$384,963	$32,249	$417,212
MICHAEL NAGIN	DIRECTOR	1.00	Director	$0	$0	$0
TRACEY MITCHEL-LAI	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA COHEN JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
HOONIE KANG	DIRECTOR	1.00	Director	$0	$0	$0
TORI FISK	DIRECTOR	1.00	Director	$0	$0	$0
CAREY JENKINS	DIRECTOR	1.00	Director	$0	$0	$0
JIDE ALADE	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES MCLURKIN	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE VILLEGAS	DIRECTOR	1.00	Director	$0	$0	$0
NANCY H IKEGAMI	VP OF FINANCE	38.00	Officer	$177,682	$18,607	$196,289
ALBERT CARROL	INVESTMENT MANAGER	38.00	Highest	$173,296	$18,607	$191,903

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	$7,498,996	$3,031,095	$32,578,274	$4,467,901
2024	$5,551,976	$2,755,983	$27,123,071	$2,795,993
2023	$4,551,713	$2,715,672	$24,184,491	$1,836,041
2022	$7,644,583	$2,422,504	$22,040,266	$5,222,079
2021	$4,407,816	$2,577,943	$19,982,153	$1,829,873
2020	$4,124,565	$2,562,084	$16,116,860	$1,562,481
2019	$3,557,877	$2,393,940	$14,243,963	$1,163,937
2018	$3,315,743	$2,123,705	$13,351,154	$1,192,038

ECONOMIC RESOURCES CORPORATION