NORTHWEST AGRICULTURE BUSINESS CENTER

EIN: 830449496 501(c)(3) Food, Agriculture & Nutrition

MOUNT VERNON, WA

Total Revenue
$2,016,842
Total Expenses
$1,838,899
Total Assets
$738,192
Net Assets
$366,936
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
WA
Principal Officer
MICHAEL PERONI
Phone
3603363727
Tax Period
2023-01-01 to 2023-12-31

NORTHWEST AGRICULTURE BUSINESS CENTER, founded in 2006, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 9% surplus.

Mission

THE NORTHWEST AGRICULTURE BUSINESS CENTER (NABC) WILL IMPROVE THE ECONOMIC VITALITY OF THE AGRICULTURE INDUSTRY WITHIN THE WESTERN WASHINGTON COUNTIES OF GRAYS HARBOR, ISLAND, KING, LEWIS, MASON, PACIFIC, PIERCE, SAN JUAN, SKAGIT, SNOHOMISH, THURSTON, AND WHATCOM, BY PROVIDING BUSINESS RESOURCES AND HANDS-ON GUIDANCE TO NEW OR EXISTING BUSINESSES THAT PRODUCE VALUE-ADDED OR INNOVATIVE AGRICULTURAL PRODUCTS AND SERVICES.

Program Service Accomplishments

Program 1
Expenses: $618,870

REGIONAL FOOD SYSTEMS PARTNERSHIP: NABC IS FACILITATING THE FORMATION OF A QUALIFIED AND CAPABLE BODY OF COLLABORATORS TO WORK TOGETHER AS A FORWARD THINKING AND RESPONSIVE AGENT TO:SUPPORT THE...

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REGIONAL FOOD SYSTEMS PARTNERSHIP: NABC IS FACILITATING THE FORMATION OF A QUALIFIED AND CAPABLE BODY OF COLLABORATORS TO WORK TOGETHER AS A FORWARD THINKING AND RESPONSIVE AGENT TO:SUPPORT THE DEVELOPMENT OF NECESSARY INFRASTRUCTURE PROJECTS FOR VALUE-ADDED FOOD PROCESSING AND DISTRIBUTION AND PROVIDE HANDS ON TECHNICAL ASSISTANCE TO FARMS AND FOOD BUSINESSES TO SUPPORT EXPANSION AND GAIN ACCESS TO CAPITAL.CREATE A NETWORK OF INDEPENDENT FARMER-OWNED FOOD HUB COOPERATIVES, WHICH LEVERAGES EFFICIENCIES IN MARKETING AND PRODUCTION PLANNING, BUSINESS OPERATIONS, LOGISTICS, FINANCIAL AND RISK MANAGEMENT, AND IMPROVES PROFITABILITY.IMPLEMENT A REPLICABLE FOOD ACCESS MODEL IN WHICH FOOD HUBS, FARMERS, AND FOOD BANKS COLLABORATE TO INCREASE ACCESS TO FRESH FRUITS AND VEGETABLES FOR FOOD BANK CUSTOMERS, INCLUDING A SPECIAL FOCUS ON USDA-DESIGNATED FOOD DESERTS AND AREAS OF PERSISTENT POVERTY.NABC LEVERAGES LONG-STANDING RELATIONSHIPS, AND WORKS IN PARTNERSHIP WITH MULTIPLE LOCAL, STATE, AND FEDERAL GOVERNMENTAL AGENCIES, NONPROFITS, LENDING INSTITUTIONS, INSTITUTIONS OF HIGHER LEARNING, PRODUCER-OWNED COOPERATIVES, FOOD PRODUCERS AND OTHERS.

Program 2
Expenses: $445,786 Revenue: $165,545

RURAL COOPERATIVE DEVELOPMENT: NABC ASSISTS INDIVIDUALS AND ENTITIES IN THE DEVELOPMENT, EXPANSION, AND OPERATIONAL IMPROVEMENT OF RURAL BUSINESSES, SPECIFICALLY COOPERATIVES AND MUTUALLY OWNED...

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RURAL COOPERATIVE DEVELOPMENT: NABC ASSISTS INDIVIDUALS AND ENTITIES IN THE DEVELOPMENT, EXPANSION, AND OPERATIONAL IMPROVEMENT OF RURAL BUSINESSES, SPECIFICALLY COOPERATIVES AND MUTUALLY OWNED BUSINESSES. THESE SERVICES FOCUS ON STRATEGIES TO SUPPORT A RURAL WORKFORCE, PROVIDE FOR ECONOMIC DEVELOPMENT, AND IMPROVE THE QUALITY OF LIFE FOR RESIDENTS OF RURAL WESTERN WASHINGTON STATE.NABC'S GOALS FOCUS ON EQUITABLY STRENGTHENING THE LOCAL FOOD SYSTEM AND IMPROVING THE ECONOMIC CONDITION OF RURAL AREAS BY WORKING WITH DIVERSE GROUPS OF FARMING COOPERATIVES AND PRODUCERS THROUGHOUT WESTERN WASHINGTON. NABC HAS FACILITATED THE DEVELOPMENT OF CRITICAL INFRASTRUCTURE TO PROVIDE ACCESS TO NEW MARKETS FOR RURAL PRODUCERS; INTRODUCED PRODUCERS TO FEDERAL, STATE, AND LOCAL ASSISTANCE PROGRAMS; PROVIDED TECHNICAL ASSISTANCE TO ACCESS THESE PROGRAMS; AND CREATED NEW FOOD ASSISTANCE PROGRAMS THAT SOURCE FOOD FROM LOCAL PRODUCERS.INFRASTRUCTURE DEVELOPMENT IS A MAJOR COMPONENT OF THIS WORK. NABC SUPPORTS REGIONAL EFFORTS TO INCREASE MEAT PROCESSING AND HAS A LEADERSHIP ROLE IN THE DEVELOPMENT OF A REGIONAL GRAIN ECONOMY BASED ON ESTABLISHING GRAIN STORAGE AND RAIL TRANSLOAD INFRASTRUCTURE IN SOUTHWEST WASHINGTON.

Program 3
Expenses: $280,483

SOCIALLY DISADVANTAGED GROUP GRANT: NABC IS COMMITTED TO SERVING HISTORICALLY UNDER-REPRESENTED INDIVIDUALS AND BUSINESSES INCLUDING HISPANIC, HMONG/LAO, AFRICAN AMERICAN, AND U.S VETERANS. NABC DOES...

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SOCIALLY DISADVANTAGED GROUP GRANT: NABC IS COMMITTED TO SERVING HISTORICALLY UNDER-REPRESENTED INDIVIDUALS AND BUSINESSES INCLUDING HISPANIC, HMONG/LAO, AFRICAN AMERICAN, AND U.S VETERANS. NABC DOES THIS BY SUPPORTING SUCCESSFUL BUSINESS DEVELOPMENT. NABC STRIVES TO INCREASE ACCESS TO AND PARTICIPATION IN USDA AGENCY-SUPPORTED GRANT AND LOAN PROGRAMS. NABC SERVES AS A RESOURCE TO CONNECT PRODUCERS AND OTHERS TO USDA PROGRAMS BY COLLABORATING WITH USDA AGENCY STAFF TO PRESENT WORKSHOPS AND PROGRAM MATERIALS IN MULTIPLE LANGUAGES TO SUPPORT THE DEVELOPMENT OF RELATIONSHIPS BETWEEN PROJECT PARTICIPANTS AND USDA AGENCY STAFF. NABC ALSO PROVIDES HANDS-ON TECHNICAL ASSISTANCE IN A CULTURALLY SENSITIVE AND RESPECTFUL MANNER TO SUPPORT INDIVIDUALS AS WELL AS GROUPS OF 'SOCIALLY DISADVANTAGED' FARMERS TO MEET GRANT AND LOAN APPLICATION REQUIREMENTS; COMPLETE AND SUBMIT ACCURATE AND COMPELLING APPLICATIONS FOR USDA-FUNDED PROGRAMS; AND WIN GRANT AWARDS AND/OR OBTAIN LOANS. NABC ALSO WORKS WITH COLLABORATING ORGANIZATIONS TO ORGANIZE AND IMPLEMENT WORKSHOPS THAT PROVIDE FARM-BUSINESS DEVELOPMENT TOOLS AND INDIVIDUAL FARMER SKILLS IN THE AREAS OF BUSINESS PLANNING, MARKETING, OUTREACH AND MARKET ACCESS, FARM AND FOOD SAFETY, AND BASIC COMPUTER SKILLS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,848,952
Program Service Revenue $163,144
Investment Income $0
Other Revenue $4,746
TOTAL REVENUE $2,016,842

Expense Breakdown

Grants Paid $23,693
Salaries & Benefits $1,022,966
Fundraising Expenses $19,654
Program Expenses $1,345,139
Other Expenses $792,240
TOTAL EXPENSES $1,838,899

Year-over-Year Comparison

2023 2022 Change
Revenue $2,016,842 $1,679,207 +0.2%
Expenses $1,838,899 $1,726,082 +0.1%
Net Income $177,943 $-46,875 -4.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
15
Volunteers
26

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
$133,200
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LUCY NORRIS CHAIR 1.00
Officer Director
$0 $0 $0
LOUISA BROUWER VICE CHAIR 1.00
Officer Director
$0 $0 $0
KAI OTTESEN SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
JAY GORDON MEMBER AT LARGE 1.00
Director
$0 $0 $0
KATE STEENSMA MEMBER AT LARGE 1.00
Director
$0 $0 $0
CAROL MILES MEMBER AT LARGE 1.00
Director
$0 $0 $0
DORCAS YOUNG MEMBER AT LARGE 1.00
Director
$0 $0 $0
EMMETT WILD MEMBER AT LARGE 1.00
Director
$0 $0 $0
COLIN BARRICKLOW MEMBER AT LARGE 1.00
Director
$0 $0 $0
MICHAEL PERONI EXECUTIVE DIRECTOR 40.00
Officer
$120,000 $13,200 $133,200
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 $2,016,842 $1,838,899 $738,192 $177,943
2022 $1,679,207 $1,726,082 $674,728 $-46,875
2021 $1,455,483 $1,297,956 $506,105 $157,527
2020 $1,199,759 $1,144,077 $374,217 $55,682
2019 $921,366 $925,193 $249,176 $-3,827
2018 $749,282 $703,279 $220,965 $46,003
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