LOS ANGELES, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY, founded in 1981, is a community nonprofit that reported $9.2M in total revenue in fiscal year 2024. Net assets of $29.2M represent 38 months of operating reserves.
THE FUNCTION OF THE CORPORATION SHALL BE TO EASE THE BURDENS OF GOVERNMENT BY ASSISTING, IMPLEMENTING, SUPPORTING AND/OR CONTRIBUTING TO THE SUPPORT OF PROGRAMS, PROJECTS AND ACTIVITIES OF A PUBLIC NATURE. WHICH ARE DIRECTED TOWARD IMPROVING ECONOMIC CONDITIONS THROUGHOUT LOS ANGELES COUNTY, AND EDUCATING THE PUBLIC THROUGH ECONOMIC RESEARCH, ANALYSIS AND OTHERWISE. BY SERVING AS A VEHICLE TO FACILITATE COOPERATION BETWEEN THE PUBLIC AND PRIVATE SECTOR. THE CORPORATION WILL COALESCE LOCAL, STATE AND FEDERAL RESOURCES TO INCREASE PRIVATE INVESTMENT, PARTICULARY IN THE ECONOMICALLY DISTRESSED AREAS OF SAID COUNTY. THROUGH THE COLLABORATION WITH COMMUNITY, GOVERNMENT, BUSINESS, LABOR AND EDUCATION PARTNERS TO INFORM AND ADVANCE OUR DATA - DRIVEN AND EVIDENCE-BASED APPROACH, WE ENDEAVOR TO ACHIEVE A REIMAGINED REGIONAL ECONOMY - GROWING, EQUITABLE, SUSTAINABLE, AND RESILIENT- THAT PROVIDES HEALTHY AND HIGH STANDARD OF LIVING FOR ALL.
BUSINESS ASSISTANCE PROGRAMTHE LAEDC PROVIDES FREE ASSISTANCE TO SMALL BUSINESSES AND MICROENTERPRISES THROUGHOUT LOS ANGELES COUNTY, WITH A FOCUS ON WOMEN AND MINORITY-OWNED BUSINESSES. DURING THE...
BUSINESS ASSISTANCE PROGRAMTHE LAEDC PROVIDES FREE ASSISTANCE TO SMALL BUSINESSES AND MICROENTERPRISES THROUGHOUT LOS ANGELES COUNTY, WITH A FOCUS ON WOMEN AND MINORITY-OWNED BUSINESSES. DURING THE FISCAL YEAR, NUMEROUS BUSINESSES WERE REACHED THROUGH MULTICHANNEL OUTREACH, AND ONE-ON-ONE TECHNICAL ASSISTANCE WAS PROVIDED TO ADDRESS CHALLENGES IN THE CURRENT ECONOMY AND SUPPORT LOCAL JOB GROWTH.IN 2025, HELPED SAVE OVER 1,000+ JOBS, PROVIDED DIRECT CONSULTING TO NEARLY 2,000+ SMALL BUSINESS ACROSS LOS ANGELES AND HOSTED OVER 150+ IN-PERSON VIRTUAL BUSINESS EDUCATION EVENTS.
INSTITUTE FOR APPLIED ECONOMICSTHE LAEDC INSTITUTE FOR APPLIED ECONOMICS PROVIDES OBJECTIVE AND COMPREHENSIVE ECONOMIC AND POLICY ANALYSIS TO CLIENTS AND THE BROADER PUBLIC. THE INSTITUTE ALSO OFFERS...
INSTITUTE FOR APPLIED ECONOMICSTHE LAEDC INSTITUTE FOR APPLIED ECONOMICS PROVIDES OBJECTIVE AND COMPREHENSIVE ECONOMIC AND POLICY ANALYSIS TO CLIENTS AND THE BROADER PUBLIC. THE INSTITUTE ALSO OFFERS PUBLIC WEBINARS ADDRESSING ECONOMIC TRENDS AND ISSUES THROUGHOUT THE YEAR.IN THE FISCAL YEAR, THE ORGANIZATION CONDUCTED ECONOMIC RESEARCH AND IMPACT REPORTS FOR APPROXIMATELY 16 CLIENTS.
ECONOMIC FOCUSED EVENTSTHE LAEDC HOSTED THE EDDY AWARDS, LAEDC'S SIGNATURE STRATEGIC ENGAGEMENT EVENT AND ONLY ANNUAL FUNDRAISER. THE EDDY AWARDS, THE ORGANIZATION'S MOST PRESTIGIOUS RECOGNITION...
ECONOMIC FOCUSED EVENTSTHE LAEDC HOSTED THE EDDY AWARDS, LAEDC'S SIGNATURE STRATEGIC ENGAGEMENT EVENT AND ONLY ANNUAL FUNDRAISER. THE EDDY AWARDS, THE ORGANIZATION'S MOST PRESTIGIOUS RECOGNITION PROGRAM, HONORS OUTSTANDING LEADERSHIP IN ECONOMIC DEVELOPMENT ACROSS BUSINESS, EDUCATION, GOVERNMENT, AND COMMUNITY PARTNERSHIPS WITHIN LOS ANGELES COUNTY.IN 2025, THE LAEDC HOSTED THE FOLLOWING MAJOR EVENT: EDDY AWARDS (NOVEMBER 2024).
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $9,176,161 | $9,039,405 | +0.0% |
| Expenses | $9,994,572 | $8,528,500 | +0.2% |
| Net Income | $-818,411 | $510,905 | -2.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ADAM BURKE | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| ANGELA YIM-SULLIVAN | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| BARBARA JONES | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| BILL DACUNTO | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| BRENNON CRIST | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| BRETT HOWROYD | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| BRYAN LEROY | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| BRYAN SARKOSAS | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| BRYAN SCHWEICKERT | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| CARISSA SMITH | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| DANIEL TIMMONS | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| DAVID ABEL | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| DAVID FOLEY | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| DAVID HILL | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| DAVID TUCKER | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| DIANA BOYADJIAN | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| DR NARINEH MAKIJIAN | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| DR NOEL HACEGABA | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| EFFIE TURNBULL SANDERS | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| EFRAIN ESCOBEDO | CO-CHAIR | 1.00 |
Officer
Director
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$0 | $0 | $0 |
| ERIC BULLARD | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| ERIKA BECK | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| FESIA DAVENPORT | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| FRANCES TEVES | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| GENE HALE | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| GERARD OROZCO | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| HALE BEHZADI | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| JANE CONOLEY | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| JEFF WILSON | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| JEFFREY R JENNISON | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| JODIE LESH | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| JOHN ACKERMAN | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| JOHN LOFTUS | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| JOSE GOMEZ | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| KATHLEEN RAWSON | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| KELLY LOBIANCO | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| LAURIE SEWELL | CO-CHAIR | 1.00 |
Officer
Director
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$0 | $0 | $0 |
| LES MCCABE | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| LILLY ROCHA | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| MARK PESTRELLA | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| MARK SOGOMIAN | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| MAURA O'CONNOR | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| MINAL MONDKAR | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| MONICA BANKEN | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| PATRICK MCCLENAHAN | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| PRAFUL KULKARNI | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| RON FRIERSON | CHAIRPERSON | 1.00 |
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$0 | $0 | $0 |
| SANTIAGO MUNOZ | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| SCHENAE ROURK | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| STEVEN NISSEN | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| THOMAS PARHAM | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| TOM VANDIVER | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| TRAVIS KIYOTA | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| YVETTE ESTRADA | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| ZACK SOKOLOFF | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| ZANKU AMERNIAN | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| JANE NAVARRIA | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| HANS GETTY | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| ADAM LANE | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| DR PETER SLAVIN | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| GREG SKALASKI | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| STEVE HENNESSEY | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| JENNIFER POULAKIDAS | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| JAMES LIMBAUGH | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| DENNIS HUANG | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| ANDY PEREZ | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| JOSE GARDEA | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| ERIC ROWEN | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| SARAH HARRIS | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| BRANDY HAN | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| YESENIA MONSOUR | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| DR KEITH CURRY | DIRECTOR | 1.00 |
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$0 | $0 | $0 |
| CONRADO AYALA | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| KASH HUSSAIN | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| JESSICA GODINEZ | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| KELLIE TODD GRIFFIN | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| JARED YOSHIKI | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| JACQUES NACK | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| JILL KURTH | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| DAVID HILLS | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| DEB VRANA | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| KYLE BROWN | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| LILIT ZIBARI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KAREN SESSIONS | DIRECTOR UNTIL 07/2025 | 1.00 |
Director
|
$0 | $0 | $0 |
| ELLIE CASSON | DIRECTOR UNTIL 06/2025 | 1.00 |
Director
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$0 | $0 | $0 |
| GENE BLOCK | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| GOETZ WOLFF | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAYME S WILSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH VILLELA | DIRECTOR UNTIL 06/2025 | 1.00 |
Director
|
$0 | $0 | $0 |
| ROSE NORDBROCK | DIRECTOR UNTIL 05/2025 | 1.00 |
Director
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$0 | $0 | $0 |
| ARTHUR BILGER | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| CATHERINE REHEIS-BOYD | DIRECTOR UNTIL 06/2026 | 1.00 |
Director
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$0 | $0 | $0 |
| DAVID FLEMING | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| SPENCER SMITH | DIRECTOR UNTIL 12/2024 | 1.00 |
Director
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$0 | $0 | $0 |
| THOMAS WINGARD | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| DANIEL LEDGER | DIRECTOR | 1.00 |
Director
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$0 | $0 | $0 |
| STEPHEN CHEUNG | PRESIDENT AND CEO | 40.00 |
Officer
|
$401,374 | $24,780 | $426,154 |
| KENDAL R TURNER | EXECUTIVE VICE PRES./CFO | 40.00 |
Officer
|
$256,969 | $20,919 | $277,888 |
| JERMAINE HAMPTON | VP WORKFORCE DEV'T & SPECIAL PROJECTS | 50.00 |
Key Emp
|
$211,685 | $10,167 | $221,852 |
| SHANNON SEDGWICK | SR. DIR. FOR INSTITUTE OF APPLIED ECONOMICS | 50.00 |
Key Emp
|
$173,281 | $11,043 | $184,324 |
| ALISON CLARK | VP BUS. ASSISTANCE & INT'L TRADE | 30.00 |
Key Emp
|
$182,812 | $5,891 | $188,703 |
| LINDEN JOHNSON | SR. DIR. BUS. ASSIST. PROGRAM | 40.00 |
Highest
|
$144,177 | $6,675 | $150,852 |
| WILLIAM POWLES | SR. DIR. INTERNATIONAL TRADE | 0.00 |
Highest
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$149,284 | $7,288 | $156,572 |
| SONIA ESTRADA | SR. DIR. ACCOUNTING & ADMINISTRATION | 40.00 |
Highest
|
$138,422 | $13,517 | $151,939 |
| BARBARA LEVIN | SR. DIR. OF STRATEGIC PARTNERSHIP | 40.00 |
Highest
|
$132,810 | $9,995 | $142,805 |
| CHARLES JOHNSON | DIR. INDUSTRY CLUSTER DEVELOPMENT | 40.00 |
Highest
|
$138,544 | $9,030 | $147,574 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $9,176,161 | $9,994,572 | $35,302,763 | $-818,411 |
| 2024 | $9,039,405 | $8,528,500 | $34,353,930 | $510,905 |
| 2023 | $5,828,748 | $7,869,790 | $33,343,547 | $-2,041,042 |
| 2022 | $9,374,870 | $9,087,793 | $29,436,314 | $287,077 |
| 2021 | $9,257,630 | $7,687,969 | $33,754,787 | $1,569,661 |
| 2020 | $7,272,420 | $7,364,800 | $26,830,244 | $-92,380 |
| 2019 | $7,363,304 | $7,936,555 | $26,714,670 | $-573,251 |
Compare ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY with other nonprofits in California and across the country.