CLEARWATER ECONOMIC DEVELOPMENT ASSOC (EIN 820288410) - 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

1967

Legal Domicile

Phone

2087460015

Tax Period

2023-10-01 to 2024-09-30

CLEARWATER ECONOMIC DEVELOPMENT ASSOC, founded in 1967, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Net assets of $6.3M represent 55 months of operating reserves.

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.

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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 (2023)

Revenue Breakdown

Contributions & Grants $983,578

Program Service Revenue $243,209

Investment Income $166,855

Other Revenue $0

TOTAL REVENUE $1,393,642

Expense Breakdown

Grants Paid $0

Salaries & Benefits $687,797

Fundraising Expenses $0

Program Expenses $1,240,677

Other Expenses $728,402

TOTAL EXPENSES $1,416,199

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,393,642	$1,167,184	+0.2%
Expenses	$1,416,199	$933,316	+0.5%
Net Income	$-22,557	$233,868	-1.1%

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

$93,603

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DODD SNODGRASS	Executive Direc	40.00	Officer	$89,146	$4,457	$93,603
ERIC ANDERSON	Vice Chairman	0.00	Officer	$0	$0	$0
TREVOR SPARROW	Chairman	0.00	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
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