SAN JUAN COUNTY ECONOMIC DEVELOPMENT COUNCIL

EIN: 412067708 Community Improvement

FRIDAY HARBOR, WA

Total Revenue
$514,322
Total Expenses
$508,775
Total Assets
$327,931
Net Assets
$294,022
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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
2002
Legal Domicile
WA
Principal Officer
GRETCHEN BAILEY
Phone
3603782906
Tax Period
2024-01-01 to 2024-12-31

SAN JUAN COUNTY ECONOMIC DEVELOPMENT COUNCIL, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $514K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

THE SAN JUAN COUNTY ECONOMIC DEVELOPMENT COUNCIL (EDC) STRIVES TO SUPPORT SMALL RURAL ENTERPRISES, AND CONDUCTS PROJECTS TO STIMULATE NEW JOB CREATION, STRENGTHEN THE ECONOMIC BASE FOR WORKING FAMILIES, AND SUPPORT OVERALL QUALITY OF LIFE FOR ISLANDERS.

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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 $496,126
Program Service Revenue $6,547
Investment Income $11,649
Other Revenue $0
TOTAL REVENUE $514,322

Expense Breakdown

Grants Paid $0
Salaries & Benefits $356,925
Fundraising Expenses $23,672
Program Expenses $449,002
Other Expenses $151,850
TOTAL EXPENSES $508,775

Year-over-Year Comparison

2024 2023 Change
Revenue $514,322 $410,303 +0.3%
Expenses $508,775 $443,491 +0.1%
Net Income $5,547 $-33,188 -1.2%
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

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Governance

Voting Members
8
Independent Members
8
Employees
8
Volunteers
8

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
$122,812
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VICTORIA COMPTON EXECUTIVE DI 40.00
Officer
$122,812 $0 $122,812
ANJI RINGZIN DIRECTOR 0.50
Director
$0 $0 $0
BARBARA THOMAS DIRECTOR 0.50
Director
$0 $0 $0
THOMAS SANDSTROM DIRECTOR 0.50
Director
$0 $0 $0
ASHLEY DRAFFKORN DIRECTOR 0.50
Director
$0 $0 $0
STEVE HUSHEBECK HONORARY 1.50
Officer Director
$0 $0 $0
GRETCHEN BAILEY PRESIDENT 1.50
Officer Director
$0 $0 $0
MARK MADSEN VICE PRESIDE 1.50
Officer Director
$0 $0 $0
TODD NICHOLSON TREASURER 2.00
Officer Director
$0 $0 $0
CHRISTOPHER REED FORMER TREAS 2.00
Officer 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 $514,322 $508,775 $327,931 $5,547
2023 $410,303 $443,491 $431,655 $-33,188
2022 $440,936 $381,221 $465,045 $59,715
2021 $514,236 $352,731 $421,553 $161,505
2020 $1,213,797 $1,062,061 $264,358 $151,736
2019 $259,621 $264,979 $55,323 $-5,358
2018 $205,482 $223,300 $65,735 $-17,818
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