YAKIMA COUNTY DEVELOPMENT ASSOCIATION dba NEW VISION FOUNDATION

EIN: 200307562 501(c)(3) Community Improvement

YAKIMA, WA

Total Revenue
$2,294,885
Total Expenses
$923,024
Total Assets
$3,125,282
Net Assets
$2,221,908
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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
2003
Legal Domicile
WA
Principal Officer
JONATHAN SMITH
Phone
5095751140
Tax Period
2024-01-01 to 2024-12-31

YAKIMA COUNTY DEVELOPMENT ASSOCIATION dba NEW VISION FOUNDATION, founded in 2003, is a community nonprofit in the Community Improvement sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 166% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 60% operating margin.

Mission

ENHANCE THE INCOME, QUALITY OF LIFE AND EMPLOYMENT STABILITY OF YAKIMA COUNTY RESIDENTS BY RETAINING, EXPANDING, AND RECRUITING BUSINESS AND INDUSTRY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,282,936
Program Service Revenue $9,981
Investment Income $1,968
Other Revenue $0
TOTAL REVENUE $2,294,885

Expense Breakdown

Grants Paid $0
Salaries & Benefits $653,811
Fundraising Expenses $120,304
Program Expenses $508,902
Other Expenses $269,213
TOTAL EXPENSES $923,024

Year-over-Year Comparison

2024 2023 Change
Revenue $2,294,885 $863,640 +1.7%
Expenses $923,024 $993,591 -0.1%
Net Income $1,371,861 $-129,951 -11.6%
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

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Governance

Voting Members
29
Independent Members
29
Employees
N/A
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
6
$183,909
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONATHAN SMITH Executive Dir. 45.00
Officer
$168,477 $15,432 $183,909
PETER MARINACE PAST PRESIDENT 0.50
Officer Director
$0 $0 $0
JON DEVANEY President 1.00
Officer Director
$0 $0 $0
MAX OWENS BOARD MEMBER 0.25
Director
$0 $0 $0
DAVID COBIA Treasurer 1.00
Officer Director
$0 $0 $0
MORIET MIKETA BOARD MEMBER 0.50
Director
$0 $0 $0
BEN ANNEN BOARD MEMBER 0.25
Director
$0 $0 $0
VICKI BAKER BOARD MEMBER 0.25
Director
$0 $0 $0
MIKE BATTLE BOARD MEMBER 0.25
Director
$0 $0 $0
AUSTIN BEEBE BOARD MEMBER 0.50
Director
$0 $0 $0
JESSICA CAMACHO BOARD MEMBER 0.25
Director
$0 $0 $0
JOHN HODKINSON BOARD MEMBER 0.25
Director
$0 $0 $0
ANNETTE KELLER BOARD MEMBER 0.25
Director
$0 $0 $0
JEFF CROMER BOARD MEMBER 0.25
Director
$0 $0 $0
SHANE FISHER BOARD MEMBER 0.25
Director
$0 $0 $0
LINDA DILEMBO Secretary 0.50
Officer Director
$0 $0 $0
RYAN HOPKINS BOARD MEMBER 0.25
Director
$0 $0 $0
BRAD HANSEN BOARD MEMBER 0.25
Director
$0 $0 $0
LAURA TERRAZAS BOARD MEMBER 0.25
Director
$0 $0 $0
JAY HESTER BOARD MEMBER 0.25
Director
$0 $0 $0
ANDY MARBLE BOARD MEMBER 0.25
Director
$0 $0 $0
AMANDA MCKINNEY BOARD MEMBER 0.50
Director
$0 $0 $0
JEFF PERRAULT BOARD MEMBER 0.25
Director
$0 $0 $0
TONI MCLAVEY INCOMING PRES 1.00
Officer Director
$0 $0 $0
AMY MARTINEZ BOARD MEMBER 0.25
Director
$0 $0 $0
CELINA SANCHEZ BOARD MEMBER 0.25
Director
$0 $0 $0
Lindsey Beddeson Board Member 0.25
Director
$0 $0 $0
RAUL LUNA BOARD MEMBER 0.25
Director
$0 $0 $0
NATASHA TRUDEAU Board Member 0.25
Director
$0 $0 $0
SCOTT CARMACK Board Member 0.25
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 $2,294,885 $923,024 $3,125,282 $1,371,861
2023 $863,640 $993,591 $1,601,433 $-129,951
2022 $297,528 $804,663 $1,393,756 $-507,135
2021 $968,580 $1,252,552 $1,539,332 $-283,972
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