REGIONAL ECONOMIC DEVELOPMENT CORPORATION FOR EAST IDAHO

EIN: 820456909

IDAHO FALLS, ID

Total Revenue
$161,603
Total Expenses
$270,710
Total Assets
$155,192
Net Assets
$152,589
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
ID
Phone
2085222014
Tax Period
2025-01-01 to 2025-12-31

REGIONAL ECONOMIC DEVELOPMENT CORPORATION FOR EAST IDAHO, founded in 1993, is a small nonprofit that reported $162K in total revenue in fiscal year 2025. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $271K exceeded revenue, resulting in a 68% operating deficit.

Mission

TO PROMOTE DIVERSIFICATION OF THE ECONOMY AND ENHANCEMENT OF THE QUALITY OF LIFE FOR THE RESIDENTS OF EASTERN IDAHO COMMUNITIES. PROMOTE PROGRAMS BY COORDINATING, SUPPORTING AND ACTING AS A CATALYST FOR COMMUNITY AND ECONOMIC DEVELOPMENT ACTIVITIES REGION-WIDE.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $129,899
Program Service Revenue $0
Investment Income $2,520
Other Revenue $29,184
TOTAL REVENUE $161,603

Expense Breakdown

Grants Paid $0
Salaries & Benefits $220,298
Fundraising Expenses $0
Program Expenses $270,710
Other Expenses $50,412
TOTAL EXPENSES $270,710

Year-over-Year Comparison

2025 2024 Change
Revenue $161,603 $207,697 -0.2%
Expenses $270,710 $281,091 0.0%
Net Income $-109,107 $-73,394 +0.5%
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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Governance

Voting Members
10
Independent Members
10
Employees
2
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
3
$135,000
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERESA MCKNIGHT CEO 40.00
Officer
$135,000 $0 $135,000
R SCOTT REESE CHAIR 4.00
Officer Director
$0 $0 $0
DREW JENSEN Director 1.00
Director
$0 $0 $0
BRETT COOK Director 1.00
Director
$0 $0 $0
TERI TENGAIO Sec/treas 1.00
Officer Director
$0 $0 $0
CATHERINE ARIK Director 1.00
Director
$0 $0 $0
ROBERT WAGNER Director 1.00
Director
$0 $0 $0
MARTIN BLAIR Director 1.00
Director
$0 $0 $0
MICHAEL WATSON VICE CHAIR 1.00
Director
$0 $0 $0
MARC SKINNER Director 1.00
Director
$0 $0 $0
KIM WESTERGARD Director 1.00
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
2025 $161,603 $270,710 $155,192 $-109,107
2024 No data No data No data No data
2023 $235,873 $301,957 $339,208 $-66,084
2022 $347,110 $316,736 $390,821 $30,374
2021 $258,295 $280,844 $360,447 $-22,549
2020 $304,159 $293,792 $382,996 $10,367
2019 $357,772 $316,319 $377,713 $41,453
2018 $382,514 $421,995 $341,919 $-39,481
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