NCW ECONOMIC DEVELOPMENT DISTRICT

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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

2004

Legal Domicile

Principal Officer

RENEE SWEARIGEN

Phone

5096826907

Tax Period

2022-01-01 to 2022-12-31

NCW ECONOMIC DEVELOPMENT DISTRICT, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $360K in total revenue in fiscal year 2022.

Mission

TO FOSTER AN INNOVATIVE AND RESILIENT ECOMOMY FOR NORTH CENTAL WASHINGTON'S BUSINESSES, WORKERS AND FAMILIES. AS A REGIONAL ORGANIZATION, WE CREATE AN ARTHURIAN-STYLE PARTNERSHIP AMONG REGIONAL COMMUNITITES TO IDENTIFY AND ADVANCE PROJECTS THAT CAN CREATE SHARED AND INCLUSIVE PROSPTERITY.

Program Service Accomplishments

Program 1

Expenses: $212,507

NCWEDD BRINGS TOGETHER THE PRIVATE AND PUBLIC SECTORS IN PARTNERSHIP TO PROVIDE A COORDINATED STRATEGY AND ONGOING ECONOMIC DEVELOPMENT PROGRAM IN THE REGION. THIS INCLUDED HOSTING INDUSTRY...

NCWEDD BRINGS TOGETHER THE PRIVATE AND PUBLIC SECTORS IN PARTNERSHIP TO PROVIDE A COORDINATED STRATEGY AND ONGOING ECONOMIC DEVELOPMENT PROGRAM IN THE REGION. THIS INCLUDED HOSTING INDUSTRY CONVENINGS, MANAGING A REGIONAL PARTNERSHIP WITH THE THOMPSON OKANOGAN TOURISM ASSOCIATION FOR THE ROUTE 97 ROAD TRIP TOURING PROGRAM, IDENTIFYING AND SUPPORTING REIGIONAL PRIORITY PROJECTS AND CONVENING BOARD MEMBERS AT MONTHLY MEETINGS AND THE ANNUAL PLANNING RETREAT. DESTINATION DEVELOPMENT - IN PARTNERSHIP WITH THE STATE OF WA TOURISM, BRINGING TOGETHER TOURISM PROFESSIONALS FROM AROUND THE REGION TO CREATE A 5-YEAR DESTINATION DEVELOPMENT STRATEGIC PLAN.

Program 2

Expenses: $3,614

PLUG-IN NCW - ELECTRIC VEHICLE CHARGING STATIONS

Program 3

Expenses: $118,081

THE NCWEDD WAS A CRITICAL PARTNER IN THE SUCCESSFUL LAUNCH OF THE NCW STARTUP 365 GRANT, A STATE-FUNDED INITIATIVE THAT SUPPORTS THE DEVELOPMENT AND LAUNCH OF SMALL BUSINESSES ACROSS NORTH CENTRAL...

THE NCWEDD WAS A CRITICAL PARTNER IN THE SUCCESSFUL LAUNCH OF THE NCW STARTUP 365 GRANT, A STATE-FUNDED INITIATIVE THAT SUPPORTS THE DEVELOPMENT AND LAUNCH OF SMALL BUSINESSES ACROSS NORTH CENTRAL WASHINGTON. SUPERNOVA BUSINESS LAUNCH COMPETITION - SMALL BUSINESS COMPETITION TO START AND EXPAND SMALL BUSINESSES IN NCW WHILE ELIMINATING BARRIERS TO EMPLOYMENT. BACKING SMALL NCW - GRANT WRITING SUPPORT AND STRATEGIC ASSISTANCE FOR OUR SMALL/RURAL COMMUNITIES AND BUSINESSES

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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 (2022)

Revenue Breakdown

Contributions & Grants $333,513

Program Service Revenue $26,158

Investment Income $0

Other Revenue $0

TOTAL REVENUE $359,671

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,642

Fundraising Expenses $1,863

Program Expenses $334,202

Other Expenses $225,576

TOTAL EXPENSES $372,218

Year-over-Year Comparison

	2022	2021	Change
Revenue	$359,671	$371,017	0.0%
Expenses	$372,218	$438,411	-0.2%
Net Income	$-12,547	$-67,394	-0.8%

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
JC BALDWIN	BOARD MEMBER	N/A	Director	$0	$0	$0
CHRIS BRANCH	BOARD MEMBER	N/A	Director	$0	$0	$0
SARAH BROWN	BOARD MEMBER	N/A	Director	$0	$0	$0
OLGA CAMARENA	BOARD MEMBER	N/A	Director	$0	$0	$0
MIMA COLE	BOARD MEMBER	N/A	Director	$0	$0	$0
JOE GLUZINSKI	BOARD MEMBER	N/A	Director	$0	$0	$0
JIM HUFFMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
MELISSA LAFAYETTE	BOARD MEMBER	N/A	Director	$0	$0	$0
TREVOR LANE	BOARD MEMBER	N/A	Director	$0	$0	$0
YURITZI LOZANO	BOARD MEMBER	N/A	Director	$0	$0	$0
GINA MULLER	BOARD MEMBER	N/A	Director	$0	$0	$0
JILL THOMPSON	BOARD MEMBER	N/A	Director	$0	$0	$0
AARON TODD	BOARD MEMBER	N/A	Director	$0	$0	$0
KURT DANISON	PAST CHAIR	N/A	Officer	$0	$0	$0
RONI HOLDER-DIEFENBACH	SECRETARY	N/A	Officer	$0	$0	$0
CRAIG LARSEN	VICE CHAIR	N/A	Officer	$0	$0	$0
MATTHEW PLEASANTS	CHAIR	N/A	Officer	$0	$0	$0
RENEE SWEARIGEN	TREASURER	N/A	Officer	$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
2022	$359,671	$372,218	$36,374	$-12,547
2021	$371,017	$438,411	$50,771	$-67,394
2020	$271,657	$204,344	$115,531	$67,313
2020	$43,691	$53,706	$37,643	$-10,015
2019	$218,471	$181,418	$48,184	$37,053
2018	$176,175	$178,725	$11,184	$-2,550