VERMONT-SLAUSON ECONOMIC DEVELOPMENT CORPORATION (EIN 953464837) - 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

1978

Legal Domicile

Principal Officer

QUENTIN STRODE

Phone

3237532335

Tax Period

2023-07-01 to 2024-06-30

VERMONT-SLAUSON ECONOMIC DEVELOPMENT CORPORATION, founded in 1978, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $3.5M exceeded revenue, resulting in a 107% operating deficit.

Mission

BUSINESS AND RESIDENTIAL DEVELOPMENT

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,491,846

Investment Income $73,074

Other Revenue $103,644

TOTAL REVENUE $1,668,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,005,932

Fundraising Expenses $573,629

Program Expenses $1,676,126

Other Expenses $2,453,991

TOTAL EXPENSES $3,459,923

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,668,564	$3,541,327	-0.5%
Expenses	$3,459,923	$2,651,066	+0.3%
Net Income	$-1,791,359	$890,261	-3.0%

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

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

$143,455

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEATRIZ OLVERA STOTZER	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID A ROBERTS	BOARD MEMBER	2.00	Director	$0	$0	$0
KYLA LEE	TREASURER	2.00	Officer Director	$0	$0	$0
KECIA M WASHINGTON ESQ	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
SHMEL C GRAHAM ESQ	SECRETARY	2.00	Officer Director	$0	$0	$0
ARMANDO RAMIREZ	BOARD MEMBER	2.00	Director	$0	$0	$0
RANDAL J HERNANDEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
DONNA RUFF	BOARD MEMBER	2.00	Director	$0	$0	$0
KAREN A CLARK	BOARD MEMBER	2.00	Director	$0	$0	$0
QUENTIN D STRODE	PRESIDENT/CEO	40.00	Officer	$130,708	$12,747	$143,455
LIBBY WILLIAMS	CHIEF OPERATING OFFICER	40.00	Highest	$175,413	$18,789	$194,202
FEDERICO CASTILLO	DIRECTOR OF FINANCE/ADMIN	40.00	Highest	$152,549	$22,394	$174,943
RENEE MONCITO	DIRECTOR OF PROGRAMS	40.00	Highest	$110,235	$0	$110,235
NAMOCH SOKHOM	DIRECTOR OF LENDING SERV.	40.00	Highest	$142,179	$18,679	$160,858
ADRIAN VELIZ	DIRECTOR	40.00	Highest	$129,725	$0	$129,725

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	No data	No data	No data	No data
2024	$1,668,564	$3,459,923	$44,369,407	$-1,791,359
2023	$3,541,327	$2,651,066	$23,717,418	$890,261
2022	$3,446,255	$2,645,497	$16,120,809	$800,758
2021	$3,748,384	$2,637,754	$14,553,798	$1,110,630
2020	$2,146,410	$2,594,273	$13,353,660	$-447,863
2019	$2,013,619	$2,336,369	$13,315,505	$-322,750
2018	$1,502,190	$1,940,760	$13,638,639	$-438,570

VERMONT-SLAUSON ECONOMIC DEVELOPMENT CORPORATION