Civic Intelligence

Tulare County Economic Development Corporation

990 • Fiscal year 2018 • EIN 94-2897447

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

506 N Kaweah Avenue No AExeter, CA 93221

(559) 592-1349

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

52nd percentile

0.07x

Higher debt load relative to assets than 52% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

65th percentile

0.27x

Higher debt load relative to revenue than 65% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Net Margin

5th percentile

-55%

Higher net margin than 5% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

86th percentile

$129,273

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 48.2% of source-year revenue.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Asset Growth

17th percentile

-7.1%

Faster asset growth than 17% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

7th percentile

-36%

Faster revenue growth than 7% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,016,005

Down $77,644 (-7.1%) from 2017

Net Assets

Down

$944,389

Down $105,671 (-10%) from 2017

Liabilities

Up

$71,616

Up $28,027 (+64%) from 2017

Revenue

Down

$267,982

Down $148,207 (-36%) from 2017

Expenses

Down

$414,739

Down $41,537 (-9.1%) from 2017

Net Income

Down

-$146,757

Down $106,670 (-266%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500KAssets 2011: $56,977Liabilities 2011: $167,707Net Assets 2011: -$110,7302011Assets 2012: $58,851Liabilities 2012: $76,904Net Assets 2012: -$18,0532012Assets 2013: $222,078Liabilities 2013: $46,269Net Assets 2013: $175,8092013Assets 2014: $397,446Liabilities 2014: $44,772Net Assets 2014: $352,6742014Assets 2015: $1,101,140Liabilities 2015: $29,831Net Assets 2015: $1,071,3092015Assets 2016: $1,054,159Liabilities 2016: $40,074Net Assets 2016: $1,014,0852016Assets 2017: $1,093,649Liabilities 2017: $43,589Net Assets 2017: $1,050,0602017Assets 2018: $1,016,005Liabilities 2018: $71,616Net Assets 2018: $944,3892018Assets 2019: $917,085Liabilities 2019: $81,782Net Assets 2019: $835,3032019Assets 2020: $876,059Liabilities 2020: $221,966Net Assets 2020: $654,0932020Assets 2021: $774,590Liabilities 2021: $167,657Net Assets 2021: $606,9332021Assets 2022: $535,860Liabilities 2022: $171,943Net Assets 2022: $363,9172022Assets 2023: $411,759Liabilities 2023: $167,496Net Assets 2023: $244,2632023Assets 2024: $404,453Liabilities 2024: $164,052Net Assets 2024: $240,4012024

Highlighted filing

2018

Assets$1,016,005
Liabilities$71,616
Net Assets$944,389

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2011: $614,236Expenses 2011: $598,068Net Income 2011: $16,1682011Revenue 2012: $652,555Expenses 2012: $549,710Net Income 2012: $102,8452012Revenue 2013: $917,830Expenses 2013: $712,718Net Income 2013: $205,1122013Revenue 2014: $884,505Expenses 2014: $707,640Net Income 2014: $176,8652014Revenue 2015: $1,986,276Expenses 2015: $1,233,354Net Income 2015: $752,9222015Revenue 2016: $368,000Expenses 2016: $468,029Net Income 2016: -$100,0292016Revenue 2017: $416,189Expenses 2017: $456,276Net Income 2017: -$40,0872017Revenue 2018: $267,982Expenses 2018: $414,739Net Income 2018: -$146,7572018Revenue 2019: $360,124Expenses 2019: $364,521Net Income 2019: -$4,3972019Revenue 2020: $321,611Expenses 2020: $469,855Net Income 2020: -$148,2442020Revenue 2021: $392,630Expenses 2021: $552,336Net Income 2021: -$159,7062021Revenue 2022: $375,550Expenses 2022: $449,621Net Income 2022: -$74,0712022Revenue 2023: $235,198Expenses 2023: $386,688Net Income 2023: -$151,4902023Revenue 2024: $419,517Expenses 2024: $431,225Net Income 2024: -$11,7082024

Highlighted filing

2018

Revenue$267,982
Expenses$414,739
Net Income-$146,757
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$444,300
Mission and Program Overview

Mission

Since 1983, the edc has served as the marketing and business recruitment organization for the communities of tulare county with the primary objective of increasing employment, payroll, business volume, and corresponding factors. The edc attracts industry to tulare county which enhances the underlying economic base of the county to ensure the preservation and enhancement of agri-business, local culture and quality of life.

Attracting, supporting and retaining business and industry for the communities of tulare county

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,034,038$944,784▼ $89,254
Accounts Receivable$14,500$23,095▲ $8,595
Prepaid Expenses and Deferred Charges$6,709$14,702▲ $7,993
Land, Buildings, and Equipment, Net$16,262$13,412▼ $2,850
Cash and Non-Interest-Bearing Accounts$12,014$10,590▼ $1,424
Savings and Temporary Cash Investments$8,926$8,222▼ $704
Total Assets$1,093,649$1,016,005▼ $77,644
Other Assets Total$1,200$1,200→ $0
Liabilities
Other Liabilities$25,896$28,269▲ $2,373
Deferred Revenue-$27,827-
Accounts Payable and Accrued Expenses$17,693$15,520▼ $2,173
Total Liabilities$43,589$71,616▲ $28,027
Net Assets / Fund Balance
Unrestricted Net Assets$1,050,060$944,389▼ $105,671
Total Net Assets Fund Balance$1,050,060$944,389▼ $105,671
Total Liabilities and Net Assets / Fund Balance$1,093,649$1,016,005▼ $77,644

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$13,412$43,260$56,672
Other Securities$343,959--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Paul SaldanaCEO / PresidentFT$129,273$129,273

Board Members and Trustees

NameTitle
Colby WellsChair
George VasquezPast Chair
Amy ShuklianDirector
Bill ZiglerDirector
Bob RidingDirector
Brent CalvinDirector
Brian PoochigianDirector
Daniel PenalozaDirector
Donette Silva CarterDirector
Dr Kuldip ThusuDirector
Frances OrtizDirector
Harroll WileyDirector
Mike PorteDirector
Nick SealsDirector
Paul BoyerDirector
Scott HarnessTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$212,738
Program Service Revenue
$16,288
Investment Income
$38,956
Other Revenue
$0
All Other Contributions
$184,738
Change in Net Assets
$-146,757
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$259,527
Other Expenses$155,212
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$150,552$64,635-$215,187
Occupancy-$20,518-$20,518
Payroll Taxes$19,544--$19,544
Other Employee Benefits$18,366--$18,366
Fees for Services Other$11,675--$11,675
Travel$11,552--$11,552
Pension Plan Contributions$6,430--$6,430
Office Expenses-$5,490-$5,490
Insurance-$5,076-$5,076
Depreciation Depletion$5,066--$5,066
Other Expenses$2,617--$2,617
Fees for Services Accounting-$1,475-$1,475
All Other Expenses$767--$767
Interest-$246-$246
Total Functional Expenses$317,299$97,440$0$414,739
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$11,952
Accrued Wages$7,891
Vacation Accruals$7,215
Health Savings Account Payable$1,211
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is provided to the organization's ceo in draft form prior to filing the form with the internal revenue service.

Form 990, Part VI, Section C, Line 19

No documents are made available for public inspection

Filing and Contact Details

Filer

Filer Name
Tulare County Economic Development
EIN
94-2897447
Phone
5595921349
Address
506 N KAWEAH AVENUE NO A, EXETER, CA 93221

Signing Officer

Name
Paul Saldana
Title
President
Phone
5595921349
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Saldana
Formed
1983
Legal Domicile
CA
Voting Board Members
16
Independent Board Members
0
Employees
4
Volunteers
16

Preparer

Firm
VOLLMER DANIEL GAEBE & GROVELLP CPA'S
Address
100 WILLOW PLAZA SUITE 400, VISALIA, CA 93291
Preparer
Jeffery E Gaebe
Phone
5597331051
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IRS990/MissionDesc0SINCE 1983, THE EDC HAS SERVED AS THE MARKETING AND BUSINESS RECRUITMENT ORGANIZATION FOR THE COMMUNITIES OF TULARE COUNTY WITH THE PRIMARY OBJECTIVE OF INCREASING EMPLOYMENT, PAYROLL, BUSINESS VOLUME, AND CORRESPONDING FACTORS. THE EDC ATTRACTS INDUSTRY TO TULARE COUNTY WHICH ENHANCES THE UNDERLYING ECONOMIC BASE OF THE COUNTY TO ENSURE THE PRESERVATION AND ENHANCEMENT OF AGRI-BUSINESS, LOCAL CULTURE AND QUALITY OF LIFE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01050060
IRS990/NetAssetsOrFundBalancesEOYAmt0944389
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt013148
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt013148
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt048749
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt020518
IRS990/OccupancyGrp/TotalAmt020518
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05490
IRS990/OfficeExpensesGrp/TotalAmt05490
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01200
IRS990/OtherAssetsTotalGrp/EOYAmt01200
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt018366
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018366
IRS990/OtherExpensesGrp/Desc0RECRUITMENT
IRS990/OtherExpensesGrp/Desc1TRAINING & SEMINARS
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ProgramServicesAmt068659
IRS990/OtherExpensesGrp/ProgramServicesAmt117757
IRS990/OtherExpensesGrp/ProgramServicesAmt24314
IRS990/OtherExpensesGrp/ProgramServicesAmt32617
IRS990/OtherExpensesGrp/TotalAmt068659
IRS990/OtherExpensesGrp/TotalAmt117757
IRS990/OtherExpensesGrp/TotalAmt24314
IRS990/OtherExpensesGrp/TotalAmt32617
IRS990/OtherLiabilitiesGrp/BOYAmt025896
IRS990/OtherLiabilitiesGrp/EOYAmt028269
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt064635
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0150552
IRS990/OtherSalariesAndWagesGrp/TotalAmt0215187
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt019544
IRS990/PayrollTaxesGrp/TotalAmt019544
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06430
IRS990/PensionPlanContributionsGrp/TotalAmt06430
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06709
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014702
IRS990/PrincipalOfficerNm0PAUL SALDANA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/BusinessCd1561000
IRS990/ProgramServiceRevenueGrp/Desc0SPECIAL EVENTS
IRS990/ProgramServiceRevenueGrp/Desc1SPONSORSHIPS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08788
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08788
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17500
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0320298
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt040026
IRS990/PYOtherExpensesAmt0162415
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt055865
IRS990/PYRevenuesLessExpensesAmt0-40087
IRS990/PYSalariesCompEmpBnftPaidAmt0293861
IRS990/PYTotalExpensesAmt0456276
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0416189
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-146757
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt055244
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08926
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08222
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt013412
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt043260
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt056672
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07891
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17215
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21211
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt311952
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED WAGES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1VACATION ACCRUALS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2HEALTH SAVINGS ACCOUNT PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3CREDIT CARD PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0600825
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1343959
IRS990ScheduleD/OtherSecuritiesGrp/Desc0EXCHANGE - TRADED FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013412
IRS990ScheduleD/TotalBookValueSecuritiesAmt0944784
IRS990ScheduleD/TotalLiabilityAmt028269
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PROVIDED TO THE ORGANIZATION'S CEO IN DRAFT FORM PRIOR TO FILING THE FORM WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01093649
IRS990/TotalAssetsEOYAmt01016005
IRS990/TotalAssetsGrp/BOYAmt01093649
IRS990/TotalAssetsGrp/EOYAmt01016005
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0212738
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt097440
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0317299
IRS990/TotalFunctionalExpensesGrp/TotalAmt0414739
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt043589
IRS990/TotalLiabilitiesEOYAmt071616
IRS990/TotalLiabilitiesGrp/BOYAmt043589
IRS990/TotalLiabilitiesGrp/EOYAmt071616
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01050060
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0944389
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0317299
IRS990/TotalProgramServiceRevenueAmt016288
IRS990/TotalReportableCompFromOrgAmt0129273
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt055244
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0267982
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt016
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01093649
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01016005
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt011552
IRS990/TravelGrp/TotalAmt011552
IRS990/TypeOfOrganizationCorpInd0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.40$0.16$0.24$0.42$0.43$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.41$0.17$0.24$0.24$0.39$0.15
2022Detailed filing. Detailed filing data is available for this year.$0.54$0.17$0.36$0.38$0.45$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.77$0.17$0.61$0.39$0.55$0.16
2020Detailed filing. Detailed filing data is available for this year.$0.88$0.22$0.65$0.32$0.47$0.15
2019Detailed filing. Detailed filing data is available for this year.$0.92$0.08$0.84$0.36$0.36$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.02$0.07$0.94$0.27$0.41$0.15
2017Detailed filing. Detailed filing data is available for this year.$1.09$0.04$1.05$0.42$0.46$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.05$0.04$1.01$0.37$0.47$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.10$0.03$1.07$1.99$1.23$0.75
2014Summary only. Only limited summary data is available for this year.$0.40$0.04$0.35$0.88$0.71$0.18
2013Summary only. Only limited summary data is available for this year.$0.22$0.05$0.18$0.92$0.71$0.21
2012Summary only. Only limited summary data is available for this year.$0.06$0.08$0.02$0.65$0.55$0.10
2011Summary only. Only limited summary data is available for this year.$0.06$0.17$0.11$0.61$0.60$0.02