PRIEST RIVER DEVELOPMENT CORPORATI… - 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

1981

Legal Domicile

Principal Officer

GREG SNOW

Tax Period

2023-01-01 to 2023-12-31

PRIEST RIVER DEVELOPMENT CORPORATION, founded in 1981, is a small nonprofit that reported $217K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $186K left a modest 14% surplus.

Mission

TO FACILITATE THE DIVERSIFICATION OF EMPLOYMENT OPPORTUNITIES IN THE PRIEST RIVER AREA AND PROVIDE PROPERLY ZONED COMMERCIAL PROPERTY AT REASONABLE COSTS SUPPORTING BUSINESS GROWTH DEVELOPMENT AND FUTURE JOB OPPORTUNITIES AVAILABLE TO THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $174,295 Revenue: $211,078

PROVIDED SUPPORT TO QUALIFYING COMMUNITY PROJECTS CHARITIES AND EXISTING BUSINESSES TO ASSIST IN EMPLOYMENT OPPORTUNITIES AND DIVERSIFICATION WITHIN THIS RUAL COMMUNITY.RENTAL OF SITES WITHIN 31 ACRE INDUSTRIAL PARK TO ACTIVE BUSINESSES THAT ENOUCRAGE EMPLOYMENT ACTIVITIES AND INCREASE QUALITY JOB OPPORTUNITIES IN THE AREA. ENHANCED ECONOMIC AND BUSINESS OPPORTUNITIES BY SUPPORTING NEW BUSINESS DEVELOPMENT AND INFRASTRUCTURE IMPROVEMENTS WITHIN THE PRIEST RIVER AREA. ADDITIONAL SUPPORT PROVIDED TO LOCAL CHAMBERS OF COMMERCE LOCAL NONPROFITS AND YOUTH EDUCATION TO ENCOURAGE FURTHER ECONOMIC GROWTH AND NURTURE THE FUTURE OPPORTUNITIES AVAILABLE TO THE COMMUNITY.

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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 $0

Program Service Revenue $211,078

Investment Income $6,047

Other Revenue $0

TOTAL REVENUE $217,125

Expense Breakdown

Grants Paid $24,034

Salaries & Benefits $19,179

Fundraising Expenses $0

Program Expenses $174,295

Other Expenses $142,981

TOTAL EXPENSES $186,194

Year-over-Year Comparison

	2023	2022	Change
Revenue	$217,125	$177,035	+0.2%
Expenses	$186,194	$179,491	+0.0%
Net Income	$30,931	$-2,456	-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

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
KATLYN WARD	EMPLOYEE	20.00	Highest	$17,783	$0	$17,783
JAKE WEIMER	DIRECTOR	2.00	Director	$0	$0	$0
LIJAH MANUS	DIRECTOR	2.00	Director	$0	$0	$0
HEATHER M WAGONER	DIRECTOR	4.00	Director	$0	$0	$0
LOGAN VANWEINGERDAN	DIRECTOR	1.00	Director	$0	$0	$0
BARBRA GROVER	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL W LARSON	DIRECTOR	2.00	Director	$0	$0	$0
SETH CALLOS	DIRECTOR	2.00	Director	$0	$0	$0
DOUG CASH	DIRECTOR	2.00	Director	$0	$0	$0
GREG SNOW	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHAD SUMMERS	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
2024	No data	No data	No data	No data
2023	$217,125	$186,194	$1,440,181	$30,931
2022	$177,035	$179,491	$1,395,813	$-2,456
2021	$366,511	$159,171	$1,427,031	$207,340
2020	$187,052	$137,029	$1,217,955	$50,023
2019	$202,738	$161,931	$1,164,167	$40,807
2018	$211,657	$198,396	$1,134,764	$13,261

PRIEST RIVER DEVELOPMENT CORPORATION