CASCADE ECONOMIC DEVELOPMENT

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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

1997

Legal Domicile

Principal Officer

BRAD LUDWIG

Phone

5638555044

Tax Period

2025-01-01 to 2025-12-31

CASCADE ECONOMIC DEVELOPMENT, founded in 1997, is a small nonprofit that reported $882K in total revenue in fiscal year 2025. Revenue surged 993% from the prior year, signaling strong growth momentum. The organization ran a surplus of $756K, a strong 86% operating margin.

Mission

HOLD LAND FOR BUSINESS PURCHASE AND ASSIST THE CITY IN PROMOTING TOURISM

Program Service Accomplishments

Program 1

Expenses: $126,611 Revenue: $882,355

HOLD LAND FOR BUSINESS PURCHASE AND ASSIST THE CITY IN PROMOTING TOURISM.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $26,015

Investment Income $5,718

Other Revenue $850,622

TOTAL REVENUE $882,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $126,611

Other Expenses $126,611

TOTAL EXPENSES $126,611

Year-over-Year Comparison

	2025	2024	Change
Revenue	$882,355	$80,746	+9.9%
Expenses	$126,611	$40,199	+2.1%
Net Income	$755,744	$40,547	+17.6%

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
KEN MCDERMOTT	PRESIDENT	004.00	Officer Director	$0	$0	$0
BRAD LUDWIG	VICE PRESIDENT	004.00	Officer Director	$0	$0	$0
NICK CALLAHAN	SECRETARY	004.00	Officer Director	$0	$0	$0
PAT RECKER	TREASURER	004.00	Officer Director	$0	$0	$0
BEN MCCARTHY	DIRECTOR	004.00	Director	$0	$0	$0
BILL HOSCH	DIRECTOR	004.00	Director	$0	$0	$0
JESSE MEYER	DIRECTOR	004.00	Director	$0	$0	$0
JIM CONLIN	DIRECTOR	004.00	Director	$0	$0	$0
TARA WILLIAMS	DIRECTOR	004.00	Director	$0	$0	$0
NIKKI LEYTEM	DIRECTOR	004.00	Director	$0	$0	$0
CHRIS SUMMERALL	DIRECTOR	004.00	Director	$0	$0	$0
KYLE WEBBER	DIRECTOR	004.00	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
2025	$882,355	$126,611	$1,415,678	$755,744
2024	$80,746	$40,199	$656,093	$40,547
2023	$75,671	$45,005	$616,970	$30,666
2022	$78,357	$34,797	$599,433	$43,560
2021	$26,350	$28,752	$576,891	$-2,402
2020	$49,356	$27,687	$579,293	$21,669
2019	$47,410	$53,325	$557,623	$-5,915
2018	$26,251	$33,140	$623,681	$-6,889