IDAHO ECONOMIC DEVELOPMENT ASSOC (EIN 820529256) - 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

Principal Officer

TAMMY STRINGHAM

Tax Period

2021-01-01 to 2021-12-31

IDAHO ECONOMIC DEVELOPMENT ASSOC is a micro nonprofit in the Community Improvement sector that reported $16K in total revenue in fiscal year 2021. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $29K exceeded revenue, resulting in a 87% operating deficit.

Mission

STATEWIDE PROMOTION OF ECONOMIC DEVELOPMENT INITIATIVES: (A) DETERMINE TRAINING NEEDS OF MEMBERSHIP, DEVELOP CURRICULUM AND PROVIDE APPROPRIATE TRAINING, (B) ASSIST IN DEVELOPING AND REFINING A COMPREHENSIVE MARKETING STRATEGY FOR THE STATE OF IDAHO, AND (C) CREATE A COHESIVE, STATEWIDE ECONOMIC DEVELOPMENT STRUCTURE THAT PROVIDES SUPPORT AND OPPORTUNITY FOR BOTH RURAL AND URBAN COMMUNITIES IN IDAHO. THE ORGANIZATION'S STATED MISSION IS: THE IDAHO ECONOMIC DEVELOPMENT ASSOCIATION (IEDA) IS A TRADE ASSOCIATION OF ECONOMIC DEVELOPMENT PROFESSIONALS AND AFFILIATED ENTITIES WHOSE PURPOSE IS TO ENHANCE AND ELEVATE THE PRACTICE OF ECONOMIC DEVELOPMENT IN IDAHO, TO INFLUENCE PUBLIC POLICY RELATED TO ECONOMIC DEVELOPMENT, AND TO PROMOTE SUSTAINABLE BUSINESS GROWTH FOR IDAHO'S ECONOMIC VITALITY AND INCREASED STANDARD OF LIVING.

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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 (2021)

Revenue Breakdown

Contributions & Grants $15,606

Program Service Revenue $0

Investment Income $8

Other Revenue $0

TOTAL REVENUE $15,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,000

Fundraising Expenses $0

Program Expenses $29,196

Other Expenses $4,196

TOTAL EXPENSES $29,196

Year-over-Year Comparison

	2021	2020	Change
Revenue	$15,614	$22,952	-0.3%
Expenses	$29,196	$38,696	-0.2%
Net Income	$-13,582	$-15,744	-0.1%

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

N/A

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

$25,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH INECK	PRESIDENT (2	4.00	Officer Director	$0	$0	$0
CONNIE STOPHER	DIRECTOR	2.00	Director	$0	$0	$0
NATHAN MURRAY	DIRECTOR	2.00	Director	$0	$0	$0
STEVE FULTZ	PAST PRESIDE	4.00	Officer Director	$0	$0	$0
DOUG MANNING	DIRECTOR	2.00	Director	$0	$0	$0
GYNII GILLIAM	DIRECTOR	2.00	Director	$0	$0	$0
DEBBIE BAKER	DIRECTOR	2.00	Director	$0	$0	$0
GINA TARUSCIO	DIRECTOR	2.00	Director	$0	$0	$0
STACY HENZLER	DIRECTOR	2.00	Director	$0	$0	$0
KRISTEN A JENSEN	DIRECTOR	2.00	Director	$0	$0	$0
JOLIE TUREK	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN MCDERMOTT	DIRECTOR	2.00	Director	$0	$0	$0
TOM KEALEY	DIRECTOR	2.00	Director	$0	$0	$0
KATHY RAY	DIRECTOR	2.00	Director	$0	$0	$0
TAMMY STRINGHAM	PRESIDENT (C	4.00	Officer Director	$0	$0	$0
CHRISTY ACORD	SECRETARY	4.00	Officer Director	$0	$0	$0
JOSH WISE	TREASURER	4.00	Officer Director	$0	$0	$0
ANDREA MAROCOCCIO	DIRECTOR	2.00	Director	$0	$0	$0
LISA HOLLAND	DIRECTOR	2.00	Director	$0	$0	$0
CHARITY NELSON	DIRECTOR	2.00	Director	$0	$0	$0
WILL JENSON	DIRECTOR	2.00	Director	$0	$0	$0
GEORGIA SMITH	DIRECTOR	2.00	Director	$0	$0	$0
SARINA DAVID	OPERATIONS M	4.00	Officer	$25,000	$0	$25,000

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
2021	$15,614	$29,196	$144,345	$-13,582
2020	$22,952	$38,696	$148,669	$-15,744
2019	$53,610	$74,898	$163,091	$-21,288
2018	$60,625	$61,000	$184,379	$-375

IDAHO ECONOMIC DEVELOPMENT ASSOC