MT WASHINGTON VALLEY ECONOMIC COUNCIL

EIN: 223100889 501(c)(3) Community Improvement

CONWAY, NH

Total Revenue
$126,072
Total Expenses
$329,151
Total Assets
$3,064,966
Net Assets
$450,942
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
NH
Principal Officer
JAC CUDDY
Phone
6034476622
Tax Period
2024-01-01 to 2024-12-31

MT WASHINGTON VALLEY ECONOMIC COUNCIL, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $126K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $329K exceeded revenue, resulting in a 161% operating deficit.

Mission

TO SUPPORT EXISTING BUSINESSES, TO FOSTER THE FORMATION OF NEW BUSINESS AND TO ATTRACT BUSINESSES TO RELOCATE TO THE AREA, WITH A COMMITMENT TO HELP THEM DIVERSIFY, PROSPER AND ENHANCE THEIR SUSTAINABILITY WHILE PRESERVING THE REGIONS NATURAL BEAUTY.

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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 $53,270
Program Service Revenue $143,718
Investment Income $157
Other Revenue $-71,073
TOTAL REVENUE $126,072

Expense Breakdown

Grants Paid $0
Salaries & Benefits $120,743
Fundraising Expenses $0
Program Expenses $113,031
Other Expenses $208,408
TOTAL EXPENSES $329,151

Year-over-Year Comparison

2024 2023 Change
Revenue $126,072 $143,655 -0.1%
Expenses $329,151 $341,520 0.0%
Net Income $-203,079 $-197,865 +0.0%
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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Governance

Voting Members
14
Independent Members
14
Employees
3
Volunteers
14

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
4
$69,758
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW ORSINI CHAIRPERSON 1.00
Officer Director
$0 $0 $0
TED KRAMER VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
SUSAN PERRY TREASURER 1.00
Officer Director
$0 $0 $0
JOSH MCALLISTER BOARD MEMBER 1.00
Director
$0 $0 $0
DAN OUELLETTE BOARD MEMBER 1.00
Director
$0 $0 $0
GAIL PAINE BOARD MEMBER 1.00
Director
$0 $0 $0
RON SANDSTROM BOARD MEMBER 1.00
Director
$0 $0 $0
MARY SEAVEY BOARD MEMBER 1.00
Director
$0 $0 $0
BOB BOOSE BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT BADGER BOARD MEMBER 1.00
Director
$0 $0 $0
VICKI GARLAND BOARD MEMBER 1.00
Director
$0 $0 $0
ALLEN GOULD BOARD MEMBER 1.00
Director
$0 $0 $0
ACE TARBERRY BOARD MEMBER 1.00
Director
$0 $0 $0
MARK BERRY BOARD MEMBER 1.00
Director
$0 $0 $0
JAC CUDDY EXECUTIVE DIRECTOR 40.00
Officer
$62,342 $7,416 $69,758
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 $126,072 $329,151 $3,064,966 $-203,079
2023 $143,655 $341,520 $3,289,182 $-197,865
2022 $327,696 $371,173 $3,570,082 $-43,477
2021 $587,696 $461,028 $4,001,339 $126,668
2020 $201,175 $446,495 $4,343,087 $-245,320
2019 $257,932 $503,899 $4,115,225 $-245,967
2018 $305,445 $569,161 $4,348,796 $-263,716
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