WASHINGTON COUNTY ECONOMIC DEVELOPMENT C

EIN: 832090543 Community Improvement

ST GEORGE, UT

Total Revenue
$344,942
Total Expenses
$219,993
Total Assets
$459,791
Net Assets
$457,765
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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
UT
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.

Program Service Accomplishments

Program 1
Expenses: $201,960 Revenue: $91,446

CONTRIBUTIONS AND MEMBERSHIP DUES ARE USED TO PROMOTE THE MISSION OF WASHINGTON COUNTY ECONOMIC DEVELOPMENT. DIFFERENT ACTIVITIES PERFORMED TO FURTHER THE ORGANIZATION'S PURPOSE INCLUDE THE...

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CONTRIBUTIONS AND MEMBERSHIP DUES ARE USED TO PROMOTE THE MISSION OF WASHINGTON COUNTY ECONOMIC DEVELOPMENT. DIFFERENT ACTIVITIES PERFORMED TO FURTHER THE ORGANIZATION'S PURPOSE INCLUDE THE FOLLOWING:1. RETAIN AND EXPAND VALUE-ADDED BUSINESS2. BUSINESS ATTRACTION AND RECRUITMENT3. DEVELOP ESSENTIAL SERVICES FOR VALUE-ADDED BUSINESSES

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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 $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

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Governance

Voting Members
6
Independent Members
6
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
1
$98,000
Total Directors
7
$98,000
Key Employees
0
$0
Highest Compensated
0
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
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