GENESIS LA ECONOMIC GROWTH CORPORATION (EIN 954712513) - 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

1998

Legal Domicile

Principal Officer

TOM DE SIMONE

Phone

2135338900

Tax Period

2024-01-01 to 2024-12-31

GENESIS LA ECONOMIC GROWTH CORPORATION, founded in 1998, is a mid-sized nonprofit in the Community Improvement sector that reported $36.9M in total revenue in fiscal year 2024. Revenue surged 191% from the prior year, signaling strong growth momentum. The organization ran a surplus of $30.0M, a strong 81% operating margin.

Mission

PROVIDE LOANS, INVESTMENTS AND TECHNICAL ASSISTANCE TO PROJECTS SERVING LOW INCOME COMMUNITIES.

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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 $26,527,066

Program Service Revenue $3,413,770

Investment Income $6,983,980

Other Revenue $0

TOTAL REVENUE $36,924,816

Expense Breakdown

Grants Paid $1,700,532

Salaries & Benefits $2,929,317

Fundraising Expenses $55,458

Program Expenses $6,443,671

Other Expenses $2,337,013

TOTAL EXPENSES $6,966,862

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,924,816	$12,696,966	+1.9%
Expenses	$6,966,862	$5,688,271	+0.2%
Net Income	$29,957,954	$7,008,695	+3.3%

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

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

$778,276

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEE KANON ALPERT	DIRECTOR	1.80	Director	$0	$0	$0
CINDY MISCIKOWSKI	DIRECTOR	1.80	Director	$0	$0	$0
RICHARD MAIRE	DIRECTOR-CHAIRMAN	1.80	Officer Director	$0	$0	$0
DUTCH C ROSS III	DIRECTOR	1.80	Director	$0	$0	$0
PATTIE EHSAEI	DIRECTOR-SECRETARY	1.80	Officer Director	$0	$0	$0
MARCIA CHOO	DIRECTOR	1.80	Director	$0	$0	$0
PAUL CHEN	DIRECTOR	1.80	Director	$0	$0	$0
STEPHEN ROLFE	DIRECTOR	1.80	Director	$0	$0	$0
LARA REGUS	DIRECTOR	1.80	Director	$0	$0	$0
ROBERT OEHLER	DIRECTOR	1.80	Director	$0	$0	$0
THOMAS J DESIMONE	PRESIDENT/CEO	35.20	Officer	$505,354	$0	$564,018
JEMELLE DICIOCO	TREASURER, DIRECTOR OF FIN	35.20	Officer	$191,973	$0	$214,258
JESSICA WAYBRIGHT	LEGAL COUNSEL	35.20	Highest	$185,142	$0	$206,633
PAVLIN BUCHUKOV	DIRECTOR OF LENDING	35.20	Highest	$183,678	$0	$205,000
ANTHONY SANTANA	SENIOR LOAN OFFICER	35.20	Highest	$119,163	$0	$132,996

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
2024	$36,924,816	$6,966,862	$147,645,020	$29,957,954
2023	$12,696,966	$5,688,271	$121,034,291	$7,008,695
2022	$29,890,047	$18,976,298	$107,833,235	$10,913,749
2021	$20,248,596	$4,032,710	$84,073,617	$16,215,886
2020	$12,098,044	$2,884,239	$65,013,991	$9,213,805
2019	$6,406,307	$3,584,621	$57,648,449	$2,821,686
2018	$6,910,003	$2,388,980	$51,984,969	$4,521,023

GENESIS LA ECONOMIC GROWTH CORPORATION