ECONOMIC DEVELOPMENT AUTHORITY OF WESTERN NEVADA (EDAWN)

EIN: 880183034

RENO, NV

Total Revenue
$11,339,594
Total Expenses
$3,535,648
Total Assets
$24,390,630
Net Assets
$8,765,252
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
NV
Principal Officer
TAYLOR ADAMS
Phone
7758293700
Tax Period
2024-07-01 to 2025-06-30

ECONOMIC DEVELOPMENT AUTHORITY OF WESTERN NEVADA (EDAWN), founded in 1982, is a mid-sized nonprofit that reported $11.3M in total revenue in fiscal year 2024. Revenue surged 262% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.8M, a strong 69% operating margin.

Mission

THE ECONOMIC DEVELOPMENT AUTHORITY OF WESTERN NEVADA (EDAWN) IS A PRIVATE/PUBLIC PARTNERSHIP ESTABLISHED IN 1983, COMMITTED TO ADDING QUALITY JOBS TO THE REGION BY RECRUITING NEW COMPANIES, SUPPORTING THE SUCCESS OF EXISTING COMPANIES, AND ASSISTING NEWLY FORMING COMPANIES, TO DIVERSIFY THE ECONOMY AND HAVE A POSITIVE IMPACT ON THE QUALITY OF LIFE IN GREATER RENO-SPARKS.

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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 $10,847,704
Program Service Revenue $490,942
Investment Income $948
Other Revenue $0
TOTAL REVENUE $11,339,594

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,536,172
Fundraising Expenses $0
Other Expenses $999,476
TOTAL EXPENSES $3,535,648

Year-over-Year Comparison

2024 2023 Change
Revenue $11,339,594 $3,129,312 +2.6%
Expenses $3,535,648 $3,134,773 +0.1%
Net Income $7,803,946 $-5,461 -1430.0%
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
35
Independent Members
34
Employees
18
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
5
$362,898
Total Directors
49
$362,898
Key Employees
3
$534,843
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICK ROSSI CHAIR 0.00
Officer Director
$0 $0 $0
BJ NORTH VICE CHAIR/FORMER SECRETAR 0.00
Officer Director
$0 $0 $0
STEPHEN ASCUAGA SECRETARY/TRUSTEE 0.00
Officer Director
$0 $0 $0
MICHAEL DERMODY TRUSTEE 0.00
Director
$0 $0 $0
TAYLOR ADAMS PRESIDENT/CEO 40.00
Officer Director
$362,898 $0 $362,898
DAREN GRIFFIN TRUSTEE 0.00
Director
$0 $0 $0
DON TATRO TRUSTEE 0.00
Director
$0 $0 $0
DANIELLE BROWN TRUSTEE 0.00
Director
$0 $0 $0
ABBI WHITAKER TRUSTEE 0.00
Director
$0 $0 $0
SCOTT PRUNEAU TRUSTEE 0.00
Director
$0 $0 $0
DAVID BROWN TRUSTEE 0.00
Director
$0 $0 $0
MATTHEW ADDISON TRUSTEE 0.00
Director
$0 $0 $0
BRYCE CLUTTS TRUSTEE 0.00
Director
$0 $0 $0
KATE FRANKO TRUSTEE 0.00
Director
$0 $0 $0
CHRISTOPHER BEAVOR TRUSTEE 0.00
Director
$0 $0 $0
CARLI KINNE TRUSTEE 0.00
Director
$0 $0 $0
ERIC ROWEN TRUSTEE 0.00
Director
$0 $0 $0
DR BRIAN ERLING TRUSTEE 0.00
Director
$0 $0 $0
ERIC GANGLOFF TRUSTEE 0.00
Director
$0 $0 $0
RANDY HOLLESCHAU TRUSTEE 0.00
Officer Director
$0 $0 $0
BRI THORESON TRUSTEE 0.00
Director
$0 $0 $0
ROBERT CUILLARD TRUSTEE 0.00
Director
$0 $0 $0
CAESAR IBARRA TRUSTEE 0.00
Director
$0 $0 $0
JIM EMME TRUSTEE 0.00
Director
$0 $0 $0
JOHN ZIMMERMAN TRUSTEE 0.00
Director
$0 $0 $0
DAN MORGAN TRUSTEE 0.00
Director
$0 $0 $0
DAN POPHAL TRUSTEE 0.00
Director
$0 $0 $0
MARK HUSE TRUSTEE 0.00
Director
$0 $0 $0
ALISE PORTO TRUSTEE 0.00
Director
$0 $0 $0
MATT REDDICK TRUSTEE 0.00
Director
$0 $0 $0
VALENTIN MALAESCU TRUSTEE 0.00
Director
$0 $0 $0
MIKE LARRAGUETA TRUSTEE 0.00
Director
$0 $0 $0
MICHAEL BUIS TRUSTEE 0.00
Director
$0 $0 $0
FRANK LEPORI TRUSTEE 0.00
Director
$0 $0 $0
DAVID STRATTON TRUSTEE 0.00
Director
$0 $0 $0
LEN SAVAGE DESIGNATED TRUSTEE 0.00
Director
$0 $0 $0
BRIAN SANDOVAL DESIGNATED TRUSTEE 0.00
Director
$0 $0 $0
DR KARIN HILGERSOM DESIGNATED TRUSTEE 0.00
Director
$0 $0 $0
TOM BURNS DESIGNATED TRUSTEE 0.00
Director
$0 $0 $0
ERIC BROWN DESIGNATED TRUSTEE 0.00
Director
$0 $0 $0
DONALD GILMAN DESIGNATED TRUSTEE 0.00
Director
$0 $0 $0
DEVON REESE DESIGNATED TRUSTEE 0.00
Director
$0 $0 $0
JOE RODRIGUEZ DESIGNATED TRUSTEE 0.00
Director
$0 $0 $0
NEAL MCINTYRE DESIGNATED TRUSTEE 0.00
Director
$0 $0 $0
DR KUMUD ACHARYA DESIGNATED TRUSTEE 0.00
Director
$0 $0 $0
MARILUZ GARCIA DESIGNATED TRUSTEE 0.00
Director
$0 $0 $0
ANN SILVER DESIGNATED TRUSTEE 0.00
Director
$0 $0 $0
JOSEPH ERNST DESIGNATED TRUSTEE 0.00
Director
$0 $0 $0
JEFF BRIGGER DESIGNATED TRUSTEE 0.00
Director
$0 $0 $0
NANCY MCCORMICK SENIOR VICE-PRESIDENT 40.00
Key Emp
$150,769 $0 $150,769
RAE MCELROY COO 40.00
Key Emp
$154,950 $0 $154,950
HEATHER WESSLING GROSZ SENIOR VICE-PRESIDENT 40.00
Key Emp
$229,124 $0 $229,124
DOUG ERWIN SENIOR VICE-PRESIDENT 40.00
Highest
$148,166 $0 $148,166
SHEILA IMSDAHL SENIOR VICE-PRESIDENT 40.00
Highest
$130,858 $0 $130,858
JUSTON BERG VICE-PRESIDENT 40.00
Highest
$107,680 $0 $107,680
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 $11,339,594 $3,535,648 $24,390,630 $7,803,946
2024 $3,129,312 $3,134,773 $1,011,061 $-5,461
2023 $2,927,461 $3,096,671 $986,415 $-169,210
2022 $2,792,474 $2,906,182 $1,155,384 $-113,708
2021 $2,951,187 $2,751,472 $1,249,237 $199,715
2020 $2,744,438 $2,648,352 $1,400,297 $96,086
2019 $2,733,509 $2,667,628 $983,690 $65,881
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