CASCADE ECONOMIC DEVELOPMENT (EIN 421288934) - Form 990 Financial Analysis & Trantor Score

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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

2024-01-01 to 2024-12-31

CASCADE ECONOMIC DEVELOPMENT, founded in 1997, is a micro nonprofit that reported $81K in total revenue in fiscal year 2024. The organization ran a surplus of $41K, a strong 50% operating margin.

Mission

HOLDING AND MANAGEMENT OF RENTAL PROPERTIES FOR START UP BUSINESS IN THE CITY OF CASCADE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $28,000

Program Service Revenue $13,750

Investment Income $202

Other Revenue $38,794

TOTAL REVENUE $80,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,199

Other Expenses $40,199

TOTAL EXPENSES $40,199

Year-over-Year Comparison

	2024	2023	Change
Revenue	$80,746	$75,671	+0.1%
Expenses	$40,199	$45,005	-0.1%
Net Income	$40,547	$30,666	+0.3%

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
BILL HOSCH	DIRECTOR	004.00	Director	$0	$0	$0
CHRIS SUMMERALL	DIRECTOR	004.00	Director	$0	$0	$0
COLIN THINES	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
RYAN FRITZ	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
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

CASCADE ECONOMIC DEVELOPMENT