3CORE Inc

Nonprofit profile at a glance

EIN
680065873
IRS 990 coverage
2013–2025
Forms available
Form 990 2025
Location
Chico, CA, USA
Phone
5308938732
Rating
83
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$1,615,040
Expenses
$1,286,758
Assets
$10,249,027
Liabilities
$1,544,019

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Patty Hess (Executive Director)
  • Dan Blair (President)
  • Toni Scott (Vice President)

Highest reported compensation

  • Patty Hess (Executive Director): $133,627 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Serve as an intermediary for public and private funds that foster a stable and diversified local economy, to improve social, economic and employment conditions and implement sound, long-term strategy to address identified community needs.

What it reported doing in 2025

Organization and Nature of Activities 3CORE, Inc. (the Corporation) is a private not-for-profit corporation organized and established in 1985 to serve the rural northern California region of Butte, Glenn, and Tehama and the cities therein. The specific purpose of the Corporation is to be an intermediary for public and private investments that foster a stable and diversified local economy, to improve social, economic, and employment conditions through collaborative partnerships and to implement a sound, long-term strategy that can address identified community needs through the private, public, and nonprofit organizations principally located within Butte, Glenn, and Tehama counties. The Corporation is a federally recognized Economic Development District (EDD), a state and federally certified Community Development Financial Institution (CDFI), and a licensed lender regulated by the California Department of Financial Protection and Innovation (DFPI). Services related to economic development are funded, in part, through various federal grants and matching funds provided by local jurisdictions. The Corporations revolving loan fund program provides financing to local businesses. The funds for the program are derived from various Economic Development Administration Grants, various local grant funds, local matching funds, various equity equivalent investment loans, and reinvestment of interest and loan fees. The Corporation also provides contract services, in part to local government units, related to obtaining and administering grant projects. During the current fiscal year, the Corporation administered various grant programs at the direction of local counties and cities to aid small businesses.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 74% for direct work, and 26% for grants.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Liabilities are high compared with assets and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 68
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.1%; rating input score 70
  • Program expense ratio: 84.2%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 78th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 20.3%; rating input score 73; 73rd percentile among comparable filings
  • Total-asset coverage ratio: 7.96; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.15; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 10.4%; rating input score 36; 36th percentile among comparable filings

Growth

  • Program expense growth: 10% per year; rating input score 100; 57th percentile among comparable filings
  • Revenue growth: 10.7% per year; rating input score 100; 63rd percentile among comparable filings
  • Asset growth: 5.8% per year; rating input score 100; 39th percentile among comparable filings

Details

  • Where the money goes: 70.1% of revenue deployed · 84.2% of spending went to programs
  • Governance: 6 of 6 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.1M in reported program spending
  • Leadership: top reported pay $134K · 7 people listed
  • Consistency: 31 of 31 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 13 filing years from 2013 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Liabilities to assets ratio scored 29/100.
  • Moderate — Sustainability: Officer compensation ratio scored 36/100.