CLALLAM COUNTY ECOMOMIC DEV CNCL

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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

1985

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

CLALLAM COUNTY ECOMOMIC DEV CNCL, founded in 1985, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 162% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 9% surplus.

Mission

CLALLAM COUNTY DEVELOPMENT COUNCIL IS A NOT FOR PROFIT ORGANIZATION THAT CONCENTRATES ON ENHANCING AND STABALIZING THE ECONOMIC ENVIRONMENT IN CLALLAM COUNTY THROUGH BUSINESS RETENTION, EXPANSION, RECRUITMENT AND MARKETING.

Program Service Accomplishments

Program 1

Expenses: $1,123,783

BOOST GRANT

Program 2

Expenses: $267,851

CONTRACT AND BUSINESS SUPPORT SERVICES.

Program 3

Expenses: $150,000

BUSINESS RETENTION, EXPANSION, ATTRACTION AND MARKETING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,027,161

Program Service Revenue $0

Investment Income $24,604

Other Revenue $10,650

TOTAL REVENUE $2,062,415

Expense Breakdown

Grants Paid $0

Salaries & Benefits $569,884

Fundraising Expenses $0

Program Expenses $1,596,260

Other Expenses $1,306,292

TOTAL EXPENSES $1,876,176

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,062,415	$786,318	+1.6%
Expenses	$1,876,176	$609,474	+2.1%
Net Income	$186,239	$176,844	+0.1%

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

Independent Members

Employees

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

$174,284

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLLEEN MCALEER	EXECUTIVE DIRECTOR	40.00	Officer	$169,208	$5,076	$174,284
LORIE M FAZIO	DIRECTOR OF OPERATIONS	40.00	Highest	$110,063	$3,302	$113,365
PERRY KNUDSON	BOARD MEMBER	2.00	Director	$0	$0	$0
BUD DENNEY	BOARD MEMBER	2.00	Director	$0	$0	$0
EDNA PETERSON	BOARD MEMBER	2.00	Director	$0	$0	$0
CHERIE KIDD	BOARD MEMBER	2.00	Director	$0	$0	$0
DARRYL WOLFE	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTIAN MEINIG	BOARD MEMBER	2.00	Director	$0	$0	$0
ERAN KENNEDY	BOARD MEMBER	0.00	Director	$0	$0	$0
TODD FEINSTEIN	BOARD MEMBER	2.00	Director	$0	$0	$0
MATT HUISH	BOARD MEMBER	2.00	Director	$0	$0	$0
RANDY JOHNSON	BOARD MEMBER	2.00	Director	$0	$0	$0
NATHAN WEST	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDRA SMITH	BOARD TREASURER	2.00	Director	$0	$0	$0
SEAN WORTHINGTON	VICE CHAIR	2.00	Director	$0	$0	$0
SUZY AMES	BOARD CHAIR	2.00	Director	$0	$0	$0
MARC ABSHIRE	BOARD MEMBER	2.00	Director	$0	$0	$0
MELENE BOURM	BOARD MEMBER	2.00	Director	$0	$0	$0
CALEB MCMAHON	BOARD SECRETARY	2.00	Director	$0	$0	$0
COLLEEN ROBINSON	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL MCQUAY	BOARD MEMBER	2.00	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
2024	No data	No data	No data	No data
2023	$2,062,415	$1,876,176	$898,594	$186,239
2022	$786,318	$609,474	$738,556	$176,844
2021	$662,789	$556,800	$787,161	$105,989
2020	$589,176	$375,994	$475,871	$213,182
2019	$243,589	$237,818	$228,939	$5,771
2018	$230,569	$240,371	$191,346	$-9,802