CLATSOP ECONOMIC DEVELOPMENT RESOU… - Form 990 Financial Data

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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

2007

Legal Domicile

Phone

5037383346

Tax Period

2020-07-01 to 2021-06-30

CLATSOP ECONOMIC DEVELOPMENT RESOURCES, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $2.5M in total revenue in fiscal year 2020. Revenue surged 1694% from the prior year, signaling strong growth momentum. Expenses of $2.4M left a modest 3% surplus.

Mission

THE MISSION IS TO DELIVER BUSINESS-DRIVEN ECONOMIC DEVELOPMENT SERVICES TO CREATE, GROW AND RETAIN BUSINESSES IN CLATSOP COUNTY, OREGON

Program Service Accomplishments

Program 1

Expenses: $2,349,136 Revenue: $2,344,036

CLATSOP ECONOMIC DEVELOPMENT RESOURCES WAS THE SUB-GRANTEE FOR THE CARES ACT FUNDING FROM COLUMBIA PACIFIC ECONOMIC DEVELOPMENT DISTRICT. THESE GRANTS WERE TO ASSIST BUSINESSES ADVERSELY AFFECTED BY...

Program 2

Expenses: $91,526 Revenue: $178,765

CLATSOP ECONOMIC DEVELOPMENT RESOURCES WORKED WITH 223 BUSINESSES TO OFFER ASSISTANCE IN EXPANDING AND RETAINING THEIR BUSINESS. WE HAVE PROVIDED 55 TRAINING, SEMINAR, AND CLASS OPPORTUNITIES TO...

CLATSOP ECONOMIC DEVELOPMENT RESOURCES WORKED WITH 223 BUSINESSES TO OFFER ASSISTANCE IN EXPANDING AND RETAINING THEIR BUSINESS. WE HAVE PROVIDED 55 TRAINING, SEMINAR, AND CLASS OPPORTUNITIES TO ASSIST THEM. WE PROVIDED 929 BUSINESS VISIT SESSIONS AND 1078 TOTAL SESSION HOURS.CLATSOP ECONOMIC DEVELOPMENT RESOURCES HAVE BEEN INSTRUMENTAL IN THE START UP OF 11 NEW BUSINESSES, HELPED CREATE 44 JOBS, AND HELPED RETAIN 217 JOBS WITHIN THE CLATSOP COUNTY AREA DURING THE CURRENT FISCAL YEAR.

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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 (2020)

Revenue Breakdown

Contributions & Grants $2,522,801

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,522,801

Expense Breakdown

Grants Paid $2,350,462

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,440,662

Other Expenses $90,200

TOTAL EXPENSES $2,440,662

Year-over-Year Comparison

	2020	2019	Change
Revenue	$2,522,801	$140,655	+16.9%
Expenses	$2,440,662	$158,459	+14.4%
Net Income	$82,139	$-17,804	-5.6%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN ALLEN	Director	1.00	Officer	$0	$0	$0
STEVE ALLEN	Director	1.00	Officer	$0	$0	$0
HENRY BALENSIFER	Director	1.00	Officer	$0	$0	$0
DON BOHN	Director	1.00	Officer	$0	$0	$0
CHRIS BREITMEYER	Director	1.00	Officer	$0	$0	$0
PAULINA COCKRUM	Director	1.00	Officer	$0	$0	$0
ALISA DUNLAP	President	1.00	Officer	$0	$0	$0
BRETT ESTES	Director	1.00	Officer	$0	$0	$0
STEVE FICK	Director	1.00	Officer	$0	$0	$0
JACK FICKEN	Director	1.00	Officer	$0	$0	$0
HAROLD GABLE	Director	1.00	Officer	$0	$0	$0
DENNY GROSCLAUDE	Director	1.00	Officer	$0	$0	$0
WILL ISOM	Director	1.00	Officer	$0	$0	$0
BRUCE JONES	Director	1.00	Officer	$0	$0	$0
BRIAN OWEN	Director	1.00	Officer	$0	$0	$0
DAVID POSALSKI	Advisory Board	1.00	Officer	$0	$0	$0
DIRK ROHNE	Director	1.00	Officer	$0	$0	$0
ZACH SCHMITT	Director	1.00	Officer	$0	$0	$0
STEVEN SINKLER	Director	1.00	Officer	$0	$0	$0
MONICA STEELE	Director	1.00	Officer	$0	$0	$0
JENNIFER GROSCLAUDE	Director	1.00	Officer	$0	$0	$0
BRUCE ST DENIS	Director	1.00	Officer	$0	$0	$0
KRISTIN TALAMANTEZ	SEC/TREASURER	1.00	Officer	$0	$0	$0
JOHN TOYOOKA	Director	1.00	Officer	$0	$0	$0
TRUDY VAN DUSEN	Director	1.00	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
2021	$2,522,801	$2,440,662	$186,046	$82,139

CLATSOP ECONOMIC DEVELOPMENT RESOURCES