COOS ECONOMIC DEVELOPMENT CORPORATI

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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

1996

Legal Domicile

Principal Officer

CAROL MILLER

Phone

6037883900

Tax Period

2023-01-01 to 2023-12-31

COOS ECONOMIC DEVELOPMENT CORPORATI, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $495K in total revenue in fiscal year 2023. Revenue surged 141% from the prior year, signaling strong growth momentum. The organization ran a surplus of $146K, a strong 30% operating margin.

Mission

TO PROMOTE ECONOMIC GROWTH THAT FOSTERS A STRONG AND DIVERSE WORKFORCE, SUSTAINABLE EMPLOYMENT AND A THRIVING BUSINESS ENVIRONMENT AS THE REGIONAL DEVELOPMENT CORPORATION OF COOS COUNTY.

Program Service Accomplishments

Program 1

Expenses: $255,393 Revenue: $16,540

EFFORTS TO PROMOTE ECONOMIC GROWTH THAT FOSTERS A STRONG AND DIVERSE WORKFORCE, SUSTAINABLE EMPLOYMENT AND THRIVING BUSINESS ENVIRONMENTS THROUGHOUT COOS COUNTY.

Program 2

Expenses: $12,067

CONTINUATION OF THE NORTH COUNTRY CELL SERVICE INITIATIVE PROJECT THAT BENEFITS BOTH THE PUBLIC AND PRIVATE SECTORS TO BRING EXPANDED AND IMPROVED CELLULAR AND HIGH-SPEED BROADBAND SERVICE TO...

CONTINUATION OF THE NORTH COUNTRY CELL SERVICE INITIATIVE PROJECT THAT BENEFITS BOTH THE PUBLIC AND PRIVATE SECTORS TO BRING EXPANDED AND IMPROVED CELLULAR AND HIGH-SPEED BROADBAND SERVICE TO UNDERSERVED AREAS OF COOS COUNTY.

Program 3

Expenses: $25,795 Revenue: $21,071

CONTINUATION OF A 2006 CDBG GRANT PROJECT WHICH PURCHASED A WOOD-BURNING TURBINE FOR THE PURPOSE OF CREATING JOBS AND PROVIDING LOWER COST ENERGY FOR A FURNITURE MANUFACTURING FACILITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $371,244

Program Service Revenue $72,715

Investment Income $46,865

Other Revenue $4,081

TOTAL REVENUE $494,905

Expense Breakdown

Grants Paid $97,237

Salaries & Benefits $159,840

Fundraising Expenses $0

Program Expenses $293,255

Other Expenses $91,747

TOTAL EXPENSES $348,824

Year-over-Year Comparison

	2023	2022	Change
Revenue	$494,905	$204,983	+1.4%
Expenses	$348,824	$323,424	+0.1%
Net Income	$146,081	$-118,441	-2.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN BOB BAKER	DIRECTOR	1.00	Director	$0	$0	$0
RUBY BERRYMAN	DIRECTOR	1.00	Director	$0	$0	$0
HANNAH CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
GLENN COPPELMAN	SECRETARY	2.25	Officer Director	$0	$0	$0
TIM EGAN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE ELLIS	DIRECTOR	1.25	Director	$0	$0	$0
KATHLEEN FRENETTE	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND GORMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN HOFFMAN	VICE PRESIDE	1.50	Officer Director	$0	$0	$0
CAROL MILLER	PRESIDENT	2.00	Officer Director	$0	$0	$0
HENRY NOEL	DIRECTOR	1.00	Director	$0	$0	$0
JAMES PATRY	DIRECTOR	1.25	Officer Director	$0	$0	$0
ROBERT THEBERGE	TREASURER	1.00	Director	$0	$0	$0
JIM TIBBETTS	DIRECTOR	1.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$494,905	$348,824	$2,552,277	$146,081
2022	$204,983	$323,424	$2,382,696	$-118,441
2021	$906,951	$264,375	$2,527,359	$642,576
2020	$599,384	$196,465	$1,887,941	$402,919
2019	$116,143	$280,918	$1,406,217	$-164,775
2018	$582,989	$399,976	$1,549,445	$183,013