ECONOMIC ALLIANCE SNOHOMISH COUNTY

EIN: 910647005

EVERETT, WA

Total Revenue
$3,287,699
Total Expenses
$3,136,799
Total Assets
$2,328,605
Net Assets
$1,335,199
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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
1955
Legal Domicile
WA
Principal Officer
RAY STEPHANSON
Phone
4257434567
Tax Period
2024-01-01 to 2024-12-31

ECONOMIC ALLIANCE SNOHOMISH COUNTY, founded in 1955, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $3.1M left a modest 5% surplus.

Mission

ECONOMIC ALLIANCE SNOHOMISH COUNTY (EASC) CREATES ECONOMIC GROWTH AND OPPORTUNITIES THROUGH LEADERSHIP, COLLABORATION, ADVOCACY AND SUPPORT. AS A COUNTYWIDE CHAMBER AND REGIONAL ECONOMIC DEVELOPMENT ORGANIZATION, EASC ENCOURAGES BUSINESS, PARTNERSHIPS, JOBS AND GROWTH BY COLLABORATING WITH STAKEHOLDERS THROUGHOUT THE SNOHOMISH COUNTY AND THE PACIFIC NW REGION.

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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 $2,826,536
Program Service Revenue $310,571
Investment Income $39,191
Other Revenue $111,401
TOTAL REVENUE $3,287,699

Expense Breakdown

Grants Paid $224,499
Salaries & Benefits $1,697,139
Fundraising Expenses $113,592
Program Expenses $2,537,518
Other Expenses $1,215,161
TOTAL EXPENSES $3,136,799

Year-over-Year Comparison

2024 2023 Change
Revenue $3,287,699 $2,259,336 +0.5%
Expenses $3,136,799 $2,789,319 +0.1%
Net Income $150,900 $-529,983 -1.3%
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
49
Independent Members
54
Employees
16
Volunteers
113

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
7
$343,956
Total Directors
56
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUG PURCELL CHAIR 1.00
Officer Director
$0 $0 $0
SCOTT KENNEDY VICE CHAIR 1.00
Officer Director
$0 $0 $0
NANCY EKREM TREASURER 1.00
Officer Director
$0 $0 $0
DEBBIE TAGLIALAVORE SECRETARY 1.00
Officer Director
$0 $0 $0
CHRIS ADAMS DIRECTOR 1.00
Director
$0 $0 $0
BILL AKERS DIRECTOR 1.00
Director
$0 $0 $0
RUDI ALCOTT DIRECTOR (THRU 7/24) 1.00
Director
$0 $0 $0
KRISTY CARRINGTON DIRECTOR 1.00
Director
$0 $0 $0
CHEMENE CRAWFORD DIRECTOR 1.00
Director
$0 $0 $0
PAUL DINI DIRECTOR 1.00
Director
$0 $0 $0
JEREMY DON DIRECTOR 1.00
Director
$0 $0 $0
CRYSTAL DONNER DIRECTOR 1.00
Director
$0 $0 $0
AMY DREWEL DIRECTOR 1.00
Director
$0 $0 $0
MARK DUFFY DIRECTOR 1.00
Director
$0 $0 $0
JOY EMORY DIRECTOR 1.00
Director
$0 $0 $0
KRISTIN ESTERBERG DIRECTOR 1.00
Director
$0 $0 $0
CASSIE FRANKLIN DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINE FRIZZELL DIRECTOR 1.00
Director
$0 $0 $0
WENDY WEIKER DIRECTOR 1.00
Director
$0 $0 $0
DAN GAFFNEY DIRECTOR 1.00
Director
$0 $0 $0
JOHN HAARLOW DIRECTOR 1.00
Director
$0 $0 $0
SHUBERT HO DIRECTOR 1.00
Director
$0 $0 $0
ERIC HOWARD DIRECTOR 1.00
Director
$0 $0 $0
RIC IILGENFRITZ DIRECTOR 1.00
Director
$0 $0 $0
NANCY KEITH DIRECTOR 1.00
Director
$0 $0 $0
ROBERT KNOLL DIRECTOR 1.00
Director
$0 $0 $0
TOM LANE DIRECTOR (THRU 12/24) 1.00
Director
$0 $0 $0
LISA LAPLANTE DIRECTOR 1.00
Director
$0 $0 $0
LISA LEFEBER DIRECTOR 1.00
Director
$0 $0 $0
DANIELLE LOTHROP DIRECTOR 1.00
Director
$0 $0 $0
AMALIA MARTINO DIRECTOR 1.00
Director
$0 $0 $0
JOSHUA MENZEL DIRECTOR (THRU 4/24) 1.00
Director
$0 $0 $0
A NEEPAPORN DIRECTOR (THRU 12/24) 1.00
Director
$0 $0 $0
JON NEHRING DIRECTOR 1.00
Director
$0 $0 $0
NATE NEHRING DIRECTOR 1.00
Director
$0 $0 $0
JOSH O'CONNOR DIRECTOR 1.00
Director
$0 $0 $0
IWALANI PAQUETTE DIRECTOR 1.00
Director
$0 $0 $0
PAUL PITRE DIRECTOR 1.00
Director
$0 $0 $0
JANET POPE DIRECTOR 1.00
Director
$0 $0 $0
DAVID PRESTON DIRECTOR 1.00
Director
$0 $0 $0
CORBIN RESSEGUIE DIRECTOR 1.00
Director
$0 $0 $0
CHRIS ROSELLI DIRECTOR 1.00
Director
$0 $0 $0
MIKE ROSEN DIRECTOR 1.00
Director
$0 $0 $0
IAN SALTZMAN DIRECTOR 1.00
Director
$0 $0 $0
AMIT SINGH DIRECTOR 1.00
Director
$0 $0 $0
DAVE SOMERS DIRECTOR 1.00
Director
$0 $0 $0
KYLE STANNERT DIRECTOR 1.00
Director
$0 $0 $0
LOIS LANGER THOMPSON DIRECTOR 1.00
Director
$0 $0 $0
EDUARDO TORRES DIRECTOR 1.00
Director
$0 $0 $0
BILL TSOUKALAS DIRECTOR 1.00
Director
$0 $0 $0
PEYTON TUNE DIRECTOR (THRU 4/24) 1.00
Director
$0 $0 $0
DON VANNEY DIRECTOR 1.00
Director
$0 $0 $0
RICH WHITE DIRECTOR 1.00
Director
$0 $0 $0
SCOTT WOERMAN DIRECTOR 1.00
Director
$0 $0 $0
SHAWN WOODWARD DIRECTOR 1.00
Director
$0 $0 $0
CPT STACY WUTHIER DIRECTOR 1.00
Director
$0 $0 $0
WENDY POISCHBEG INTERIM CEO & PRESIDENT VP ECONOMIC DEVELOPMENT 40.00
Officer
$215,517 $19,001 $234,518
ERIK PETERSEN DIRECTOR OF ACCOUNTING AND PROGRAMS 40.00
Officer
$100,000 $3,000 $103,000
RAYMOND STEPHANSON PRESIDENT & CEO 40.00
Officer
$6,250 $188 $6,438
ALYSSA JACKSON DIRECTOR OF STEM 40.00
Highest
$132,791 $12,040 $144,831
OLIVIA MAISEL DIRECTOR OF OPERATIONS 40.00
Highest
$122,142 $11,720 $133,862
AILEEN FORDE DIRECTOR OF INVESTOR RELATIONS 40.00
Highest
$124,169 $0 $124,169
RASHMA AGARWAL VP OF PUBLIC AFFAIRS 40.00
Highest
$109,041 $9,233 $118,274
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 $3,287,699 $3,136,799 $2,328,605 $150,900
2023 $2,259,336 $2,789,319 $2,090,265 $-529,983
2022 $2,163,952 $2,418,026 $2,710,036 $-254,074
2021 $2,266,401 $1,971,912 $2,270,851 $294,489
2020 $5,050,042 $4,585,006 $2,923,179 $465,036
2019 $2,168,321 $2,115,356 $1,488,567 $52,965
2018 $2,078,490 $1,967,436 $1,486,619 $111,054
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