ECONOMIC DEVELOPMENT ALLIANCE OF SKAGIT COUNTY (EIN 910991008) - Form 990 Financial Analysis & Trantor Score

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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

1972

Legal Domicile

Principal Officer

JOHN STERNLICHT

Phone

3603366114

Tax Period

2020-01-01 to 2020-12-31

Mission

TO PROMOTE A GROWING AND BALANCED ECONOMY FOR SKAGIT COUNTY, WA.

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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%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2020	2019	Change
Revenue	N/A	$720,029	-1.0%
Expenses	N/A	$708,873	-1.0%
Net Income	N/A	$11,156	N/A

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

Governance

Voting Members

N/A

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

$252,021

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM KEEGAN	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
HEATHER HERNANDEZ	CHAIR	1.00	Officer Director	$0	$0	$0
ALICE TAKEHARA	SECRETARY	1.00	Officer Director	$0	$0	$0
ROD CANN	TREASURER	1.00	Officer Director	$0	$0	$0
LENNART BENTSEN	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
LISA JANICKI	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
BRIAN GENTRY	MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER JOHNSTON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PATSY MARTIN	MEMBER	1.00	Director	$0	$0	$0
TAMMY MASALONIS	MEMBER	1.00	Director	$0	$0	$0
MIKE NELSON	MEMBER	1.00	Director	$0	$0	$0
RYAN SAKUMA	MEMBER	1.00	Director	$0	$0	$0
PHIL STEPHENSON	MEMBER	1.00	Director	$0	$0	$0
DAN WORRA	MEMBER	1.00	Director	$0	$0	$0
FRANK CHMELIK	MEMBER	1.00	Director	$0	$0	$0
MICHELLE HURTEAU	MEMBER	1.00	Director	$0	$0	$0
SCOTT HOLLEY	MEMBER	1.00	Director	$0	$0	$0
JILL BOUDREAU	MEMBER	1.00	Director	$0	$0	$0
CRAIG CHAMBERS	MEMBER	1.00	Director	$0	$0	$0
PAUL PITRE	MEMBER	1.00	Director	$0	$0	$0
JOHN STERNLICHT	CEO	1.00	Officer	$0	$24,901	$152,689
AUDRA RAMERMAN	DIRECTOR OF FINANCE & ADMI	1.00	Officer	$0	$0	$99,332

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
2020	No data	No data	No data	No data
2019	$720,029	$708,873	$245,194	$11,156
2018	$699,107	$771,066	$245,860	$-71,959

ECONOMIC DEVELOPMENT ALLIANCE OF SKAGIT COUNTY