NORTHWEST AGRICULTURE BUSINESS CENTER (EIN 830449496) - 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

Formation Year

2006

Legal Domicile

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

IMPROVE THE ECONOMIC VITALITY OF THE AGRICULTURAL INDUSTRY WITHIN NORTHWEST WASHINGTON COUNTIES.

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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 $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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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

$133,200

Total Directors

Key Employees

Highest Compensated

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

NORTHWEST AGRICULTURE BUSINESS CENTER