Quest for Economic Development

EIN: 910747855

Wenatchee, WA

Total Revenue
$9,106
Total Expenses
$333,870
Total Assets
N/A
Net Assets
N/A
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
WA
Principal Officer
Garry Sparks
Phone
5098881539
Tax Period
2020-07-01 to 2021-06-30

Quest for Economic Development, founded in 1987, is a micro nonprofit that reported $9K in total revenue in fiscal year 2020. Expenses of $334K exceeded revenue, resulting in a 3566% operating deficit.

Mission

Management of a Revolving Loan Fund to support local businesses.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $9,106
TOTAL REVENUE $9,106

Expense Breakdown

Grants Paid $295,770
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $38,100
TOTAL EXPENSES $333,870

Year-over-Year Comparison

2020 2019 Change
Revenue $9,106 $8,443 +0.1%
Expenses $333,870 $3,487 +94.7%
Net Income $-324,764 $4,956 -66.5%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Garry Sparks Chairman 2.50
Director
$0 $0 $0
Jim Huffman Secretary 1.00
Director
$0 $0 $0
David Griffiths Treasurer 1.00
Director
$0 $0 $0
JC Baldwin Vice Chairman 1.00
Director
$0 $0 $0
Debbie Knutsen Member 1.00
Director
$0 $0 $0
Kevin Vitulli Member 1.00
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
2021 $9,106 $333,870 No data $-324,764
2020 $8,443 $3,487 $326,794 $4,956
2019 $9,856 $5,039 $321,838 $4,817
Explore More Nonprofits
→Top 100 Nonprofits in Washington →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Quest for Economic Development with other nonprofits in Washington and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.