SOUTHLAND ECONOMIC DEVELOPMENT CORPORATION (EIN 953560326) - 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

1980

Legal Domicile

Principal Officer

MATTHEW DAVIS

Phone

7148680010

Tax Period

2024-10-01 to 2025-09-30

SOUTHLAND ECONOMIC DEVELOPMENT CORPORATION, founded in 1980, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $3.4M left a modest 15% surplus.

Mission

STIMULATE EMPLOYMENT, PRIVATE INVESTMENT AND EXPAND BUSINESS 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 $30,000

Program Service Revenue $3,641,415

Investment Income $299,092

Other Revenue $0

TOTAL REVENUE $3,970,507

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,651,056

Fundraising Expenses $0

Program Expenses $2,406,532

Other Expenses $735,306

TOTAL EXPENSES $3,386,362

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,970,507	$3,498,036	+0.1%
Expenses	$3,386,362	$3,199,665	+0.1%
Net Income	$584,145	$298,371	+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

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

$1,127,804

Total Directors

$377,758

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM NANGIA	DIRECTOR	0.10	Director	$150	$0	$150
KENNETH HERNANDEZ	SECRETARY/ TREASURER	0.10	Officer Director	$0	$0	$0
MATTHEW DAVIS	PRESIDENT	40.00	Officer Director	$349,372	$27,086	$376,458
GARY MARTINEZ	CHAIRMAN	0.10	Officer Director	$150	$0	$150
ROSS BOURNE	DIRECTOR	0.10	Director	$100	$0	$100
JEFF BOXX	DIRECTOR	0.10	Director	$200	$0	$200
MICHELLE COBERLY	DIRECTOR	0.10	Director	$200	$0	$200
ROBERT GARCIA	DIRECTOR	0.10	Director	$150	$0	$150
WILSON JUI	DIRECTOR	0.10	Director	$50	$0	$50
TIM MILLS	DIRECTOR	0.10	Director	$0	$0	$0
IRIS PYUN	DIRECTOR	0.10	Director	$50	$0	$50
ANTHONY SANCHEZ	DIRECTOR	0.10	Director	$100	$0	$100
WILLIAM WANG	DIRECTOR	0.10	Director	$150	$0	$150
MAYRA SOTO	VP LOAN PRODUCTION	40.00	Officer	$216,646	$9,119	$225,765
JOHN WELTON	SR. VICE PRESIDENT	40.00	Officer	$214,449	$20,011	$234,460
MARIA MATA	VP ADMINISTRATION	40.00	Officer	$143,928	$16,659	$160,587
JAVIER JIMENEZ	PAST VICE PRESIDENT	40.00	Officer	$109,346	$21,038	$130,384
MICHAEL NASR	LOAN OFFICER	40.00	Highest	$261,274	$8,596	$269,870
JAMES HOPKINS	LOAN OFFICER	40.00	Highest	$143,224	$16,281	$159,505
SERGIO AGUILAR	LOAN OFFICER	40.00	Highest	$169,279	$21,289	$190,568
PATRICK RICHEY	UNDERWRITER	40.00	Highest	$116,591	$21,656	$138,247

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	$3,970,507	$3,386,362	$8,836,624	$584,145
2024	$3,498,036	$3,199,665	$8,519,163	$298,371
2023	$3,722,427	$3,273,659	$7,873,542	$448,768
2022	$3,204,542	$3,252,939	$7,037,423	$-48,397
2021	$3,372,854	$3,307,364	$7,682,940	$65,490
2020	$3,062,384	$3,176,445	$7,618,897	$-114,061
2019	$3,159,194	$3,054,971	$7,524,012	$104,223
2018	$3,012,078	$2,894,992	$7,341,918	$117,086

SOUTHLAND ECONOMIC DEVELOPMENT CORPORATION