WASHINGTON COUNTY ECONOMIC DEVELOPMENT C (EIN 832090543) - 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

Legal Domicile

Principal Officer

LADEL LAUB

Phone

4358794399

Tax Period

2023-07-01 to 2024-06-30

WASHINGTON COUNTY ECONOMIC DEVELOPMENT C is a small nonprofit in the Community Improvement sector that reported $345K in total revenue in fiscal year 2023. Revenue surged 103% from the prior year, signaling strong growth momentum. The organization ran a surplus of $125K, a strong 36% operating margin.

Mission

SOUTHERN UTAH ECONCOMIC ALLIANCE IS A COLLABORATIVE ORGANIZATION LED BY BUSINESS AND COMMUNITY LEADERS TO STRENGTHEN AND DEVELOP SOUTHERN UTAH'S ECONOMY. OUR OBJECTIVE IS TO BE A CATALYST FOR PROSPERITY THAT IS ROBUST, SUSTAINABLE, AND IN TUNE WITH THE SPIRITED CULTURAL ENVIRONMENT OF SOUTHERN UTAH.

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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 $253,496

Program Service Revenue $91,446

Investment Income $0

Other Revenue $0

TOTAL REVENUE $344,942

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $201,960

Other Expenses $219,993

TOTAL EXPENSES $219,993

Year-over-Year Comparison

	2023	2022	Change
Revenue	$344,942	$170,248	+1.0%
Expenses	$219,993	$242,131	-0.1%
Net Income	$124,949	$-71,883	-2.7%

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

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

$98,000

Total Directors

$98,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARREN PRINCE	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$0	$98,000
G LADEL LAUB	CHAIRMAN	2.00	Director	$0	$0	$0
STEVE BROUGH	VICE CHAIRMAN	2.00	Director	$0	$0	$0
STEVEN JENNINGS	DIRECTOR	2.00	Director	$0	$0	$0
ISAAC BARLOW	DIRECTOR	2.00	Director	$0	$0	$0
TREVOR SMITH	DIRECTOR	2.00	Director	$0	$0	$0
MARK NORD	DIRECTOR	2.00	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	No data	No data	No data	No data
2024	$344,942	$219,993	$459,791	$124,949
2023	$170,248	$242,131	$333,012	$-71,883
2022	$414,223	$250,460	$461,831	$163,763
2020	$325,317	$362,855	$280,599	$-37,538
2019	$395,219	$270,092	$511,686	$125,127
2018	$345,755	$153,356	$381,974	$192,399

WASHINGTON COUNTY ECONOMIC DEVELOPMENT C