CLEARWATER ECONOMIC DEVELOPMENT AS… - 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

1967

Legal Domicile

Phone

2087460015

Tax Period

2024-10-01 to 2025-09-30

CLEARWATER ECONOMIC DEVELOPMENT ASSOC, founded in 1967, is a community nonprofit in the Community Improvement sector that reported $3.9M in total revenue in fiscal year 2024. Revenue surged 182% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 71% operating margin.

Mission

CEDA IS A NON-PROFIT ORGANIZATION CREATED TO ASSIST NORTH CENTRAL IDAHO BUSINESSES AND COMMUNITIES BY ACTING AS A CONDUIT FOR NEEDED RESOURCES. AS THE COLLECTIVE VOICE FOR NORTH CENTRAL IDAHO, CLEARWATER ECONOMIC DEVELOPMENT ASSOCIATION PROVIDES LEADERSHIP AND GUIDANCE IN DEVELOPING COMMUNITIES, DIVERSIFYING THE ECONOMY, AND CREATING PROSPERITY.

Program Service Accomplishments

Program 1

Expenses: $950,526 Revenue: $3,929,244

CEDA PROVIDED COMMUNITY PLANNING AND DEVELOPMENT SERVICES FOR 68 ORGANIZATIONAL MEMBERS AND PASSED THROUGH $40,236 OF STATE AND GOVERNMENT GRANTS AND CONTRACTS TO AGENCIES IN THE REGION FOR THE SAME ECONOMIC PURPOSE. IN ORDER TO PROMOTE DIVERSIFICATION AND ALLEVIATE UNEMPLOYMENT IN THE NORTH CENTRAL IDAHO AND SOUTHEASTERN WASHINGTON REGIONS, CEDA GRANTED 3 NEW LOANS DURING THE FISCAL YEAR VALUED AT $725,527 TO SMALL BUSINESS CUSTOMERS. AT THE END OF THE FISCAL YEAR, CEDA'S SMALL BUSINESS PROGRAM HAD 45 OUTSTANDING LOANS RECEIVABLE VALUED AT $3.74 MILLION.

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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 $3,550,621

Program Service Revenue $230,461

Investment Income $148,162

Other Revenue $0

TOTAL REVENUE $3,929,244

Expense Breakdown

Grants Paid $0

Salaries & Benefits $686,309

Fundraising Expenses $0

Program Expenses $950,526

Other Expenses $457,462

TOTAL EXPENSES $1,143,771

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,929,244	$1,393,642	+1.8%
Expenses	$1,143,771	$1,416,199	-0.2%
Net Income	$2,785,473	$-22,557	-124.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DODD SNODGRASS	EXECUTIVE DIRECTOR	40.00		$89,361	$4,468	$93,829
MITCH REGGEAR	Director	2.00	Director	$0	$0	$0
TED LINDLSEY	Director	2.00	Director	$0	$0	$0
TONY JOHNSON	Director	2.00	Director	$0	$0	$0
MIKE TORNATORE	Director	2.00	Director	$0	$0	$0
JOE GISH	Director	2.00	Director	$0	$0	$0
DAVE BROWN	Director	2.00	Director	$0	$0	$0
KEITH HOLCOMB	Director	2.00	Director	$0	$0	$0
DAN JOHNSON	Director	2.00	Director	$0	$0	$0
JULIA PARKER	Director	2.00	Director	$0	$0	$0
TYLER NELSON	Director	2.00	Director	$0	$0	$0
BRUCE LARSON	Director	2.00	Director	$0	$0	$0
NIKOLI GREENE	Director	2.00	Director	$0	$0	$0
STEVE GREENFIELD	Director	2.00	Director	$0	$0	$0
VICTORIA SCALISE	Director	2.00	Director	$0	$0	$0
DOUG CRUTHIRDS	Director	2.00	Director	$0	$0	$0
CARI MILLER	President	2.00	Officer	$0	$0	$0
ERIC ANDERSON	Vice President	2.00	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
2025	$3,929,244	$1,143,771	$10,575,448	$2,785,473
2024	$1,393,642	$1,416,199	$8,012,584	$-22,557
2023	$1,167,184	$933,316	$7,916,867	$233,868
2022	$2,648,278	$1,092,097	$7,859,302	$1,556,181
2021	$2,062,072	$1,057,940	$6,643,530	$1,004,132
2020	$1,078,428	$1,078,375	$5,795,955	$53
2019	$994,355	$887,487	$5,582,590	$106,868
2018	$982,081	$898,988	$5,595,934	$83,093

CLEARWATER ECONOMIC DEVELOPMENT ASSOC