RAVALLI COUNTY ECONOMIC DEVELOPMEN… - 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

1997

Legal Domicile

Principal Officer

JULIE FOSTER

Phone

4063759416

Tax Period

2024-07-01 to 2025-06-30

RAVALLI COUNTY ECONOMIC DEVELOPMENT AUTHORITY, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $437K in total revenue in fiscal year 2024. The organization ran a surplus of $94K, a strong 22% operating margin.

Mission

PROVIDE ECONOMIC ASSISTANCE TO LOCAL BUSINESSES AND ENTREPRENEURS

Program Service Accomplishments

Program 1

Expenses: $228,998 Revenue: $183,449

ASSIST BUSINESSES IN SECURING FINANCING THAT CAN HELP DEVELOP INFRASTRUCTURE, SUPPORT GROWTH OF EXISTING COMPANIES, NURTURE NEW COMPANY FORMATION, AND WORK TO EXPAND EARLY-STAGE BUSINESS CAPITAL...

ASSIST BUSINESSES IN SECURING FINANCING THAT CAN HELP DEVELOP INFRASTRUCTURE, SUPPORT GROWTH OF EXISTING COMPANIES, NURTURE NEW COMPANY FORMATION, AND WORK TO EXPAND EARLY-STAGE BUSINESS CAPITAL RESOURCES FOR YOUNG COMPANIES.

Program 2

Expenses: $69,566 Revenue: $101,584

OPERATE BUSINESS INCUBATOR AND PROVIDE ENTREPRENEURIAL SUPPORT SERVICES AND HELP CREATE THE INFRASTRUCTURE FOR A "KNOWLEDGE-BASED ECONOMY".

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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 $149,169

Program Service Revenue $285,033

Investment Income $0

Other Revenue $2,631

TOTAL REVENUE $436,833

Expense Breakdown

Grants Paid $0

Salaries & Benefits $169,314

Fundraising Expenses $0

Program Expenses $298,564

Other Expenses $173,533

TOTAL EXPENSES $342,847

Year-over-Year Comparison

	2024	2023	Change
Revenue	$436,833	$430,835	+0.0%
Expenses	$342,847	$424,383	-0.2%
Net Income	$93,986	$6,452	+13.6%

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

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

$67,308

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE FOSTER	Executive Dir.	40.00	Officer	$67,308	$0	$67,308
MICHAEL BRADT	CHAIR	1.50	Officer Director	$0	$0	$0
DOUG DAVIS	Treasurer	0.80	Officer Director	$0	$0	$0
WAYNE RUSK	COMMISSIONER	0.50	Director	$0	$0	$0
JAMIE TADVICK	COMMISSIONER	0.50	Director	$0	$0	$0
TERESA POLUMSKY	VICE CHAIR	0.80	Officer Director	$0	$0	$0
ALICIA CARTER	COMMISSIONER	0.50	Director	$0	$0	$0
KAREN MAHAR	COMMISSIONER	0.50	Director	$0	$0	$0
GREG CHILCOTT	COUNTY LIASON	0.50	Director	$0	$0	$0
KURT SAGER	COMMISSIONER	0.50	Director	$0	$0	$0
HAYDEN DAVIS	COMMISSIONER	0.50	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	$436,833	$342,847	$6,922,977	$93,986
2024	$430,835	$424,383	$5,746,259	$6,452
2023	$383,902	$349,359	$5,774,759	$34,543
2022	$263,981	$230,500	$5,790,854	$33,481
2021	$420,131	$324,147	$5,830,645	$95,984
2020	$399,104	$283,190	$5,730,698	$115,914
2019	$473,445	$639,847	$5,613,345	$-166,402
2018	$358,306	$244,563	$5,461,347	$113,743

RAVALLI COUNTY ECONOMIC DEVELOPMENT AUTHORITY