WHITE MOUNTAIN ECONOMIC DEVELOPMENT

EIN: 850912003 501(c)(3) Community Improvement

PHOENIX, AZ

Total Revenue
$410,971
Total Expenses
$312,575
Total Assets
$173,705
Net Assets
$173,705
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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
2022
Legal Domicile
AZ
Principal Officer
DONALD D LAUGHLIN
Phone
6029193539
Tax Period
2024-01-01 to 2024-12-31

WHITE MOUNTAIN ECONOMIC DEVELOPMENT, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $411K in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $98K, a strong 24% operating margin.

Mission

IMPROVING WELL BEING OF INDIVIDUALS THROUGH ECONOMIC DEVELOPMENT, WORKFORCE DEVELOPMENT, TRAINING AND INCUBATION PROGRAMS.

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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 $410,971
Investment Income $0
Other Revenue $0
TOTAL REVENUE $410,971

Expense Breakdown

Grants Paid $0
Salaries & Benefits $248,483
Fundraising Expenses $0
Program Expenses $131,798
Other Expenses $64,092
TOTAL EXPENSES $312,575

Year-over-Year Comparison

2024 2023 Change
Revenue $410,971 $262,959 +0.6%
Expenses $312,575 $219,066 +0.4%
Net Income $98,396 $43,893 +1.2%
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
2
Independent Members
N/A
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
2
$172,218
Total Directors
2
$172,218
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUSS YELTON Executive Dir. 30.00
Officer Director
$87,218 $0 $87,218
DONALD D LAUGHLIN President & CEO 30.00
Officer Director
$85,000 $0 $85,000
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 $410,971 $312,575 $173,705 $98,396
2023 $262,959 $219,066 $75,309 $43,893
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