MCMINNVILLE ECONOMIC DEVELOPMENT PARTNERSHIP

EIN: 823460861 Community Improvement

MCMINNVILLE, OR

Total Revenue
$356,353
Total Expenses
$333,856
Total Assets
$305,732
Net Assets
$303,189
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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
2017
Legal Domicile
OR
Principal Officer
PATTY HERZOG
Phone
5034746814
Tax Period
2024-10-01 to 2025-09-30

MCMINNVILLE ECONOMIC DEVELOPMENT PARTNERSHIP, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $356K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $334K left a modest 6% surplus.

Mission

MEDP promotes a common business interest: To improve business conditions in McMinnville and the surrounding area. MEDP is a one-stop information, referral and assistance center for new and existing businesses.

Program Service Accomplishments

Program 1

Developing and maintaining relationships with regional and statewide economic development organizations and resource partners. Vital information is gathered about what is going on in other parts of...

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Developing and maintaining relationships with regional and statewide economic development organizations and resource partners. Vital information is gathered about what is going on in other parts of the state, and what resources - regional and statewide - are available for McMinnville area businesses to access. Having this information directly helps area businesses in their planning for retention and expansion activities.

Program 2

Research and data collection in the local area in order to have detailed knowledge of what is going on in the business community. Knowing what is going on with area businesses helps MEDP better...

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Research and data collection in the local area in order to have detailed knowledge of what is going on in the business community. Knowing what is going on with area businesses helps MEDP better target available resources in as timely a way as possible to assist in retention and expansion of businesses.

Program 3

One-stop information, referral and assistance center for new and existing businesses. This activity includes fielding phone calls regarding a variety of information requests from area businesses...

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One-stop information, referral and assistance center for new and existing businesses. This activity includes fielding phone calls regarding a variety of information requests from area businesses, prospective businesses, other economic development organizations and the City of McMinnville. Information is sent to requestors as appropriate and appointments with business executives are conducted via telephone and in person with occasional travel outside the area to meet prospective leaders interested in moving to the area.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $356,353
Investment Income $0
Other Revenue $0
TOTAL REVENUE $356,353

Expense Breakdown

Grants Paid $0
Salaries & Benefits $252,261
Fundraising Expenses $0
Other Expenses $81,595
TOTAL EXPENSES $333,856

Year-over-Year Comparison

2024 2023 Change
Revenue $356,353 $513,489 -0.3%
Expenses $333,856 $507,000 -0.3%
Net Income $22,497 $6,489 +2.5%
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

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Governance

Voting Members
5
Independent Members
5
Employees
6
Volunteers
5

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
4
$131,495
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATTY HERZOG Executive Dir. 40.00
Officer
$120,012 $11,483 $131,495
LORI ROBERTSON Director 1.00
Director
$0 $0 $0
JOHN DIETZ President 1.00
Officer Director
$0 $0 $0
MIKE MORRIS Director 1.00
Director
$0 $0 $0
HEATHER RICHARDS Secretary 1.00
Officer Director
$0 $0 $0
TERESA SMITH Treasurer 1.00
Officer Director
$0 $0 $0
DEVEN PAOLO Past 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 $356,353 $333,856 $305,732 $22,497
2024 $513,489 $507,000 $283,200 $6,489
2023 $660,634 $704,493 $257,081 $-43,859
2022 $295,455 $244,623 $283,241 $50,832
2021 $317,797 $238,536 $241,814 $79,261
2020 $242,480 $262,235 $158,398 $-19,755
2019 $325,107 $312,781 $176,672 $12,326
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