Northwest Business Development Assoc (EIN 911178785) - 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

1981

Legal Domicile

Principal Officer

Aliza Seay

Phone

5094588555

Tax Period

2024-10-01 to 2025-09-30

Northwest Business Development Assoc, founded in 1981, is a community nonprofit in the Community Improvement sector that reported $4.1M in total revenue in fiscal year 2024. The organization ran a surplus of $813K, a strong 20% operating margin.

Mission

To support business growth and job creation and job retention by providing quality small business loan services.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,828,971

Investment Income $80,567

Other Revenue $144,415

TOTAL REVENUE $4,053,953

Expense Breakdown

Grants Paid $245,585

Salaries & Benefits $2,332,504

Fundraising Expenses $0

Program Expenses $3,240,904

Other Expenses $662,815

TOTAL EXPENSES $3,240,904

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,053,953	$4,007,576	+0.0%
Expenses	$3,240,904	$3,046,457	+0.1%
Net Income	$813,049	$961,119	-0.2%

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

$339,612

Total Directors

$210,466

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Aliza Seay	President	40.00	Officer Director	$205,178	$5,288	$210,466
Scott Bossom	Board Chair	1.00	Director	$0	$0	$0
Timothy E Szambelan	Secretary/Treasurer	1.00	Director	$0	$0	$0
Karen K Meek	Director	1.00	Director	$0	$0	$0
Allen Schmelzer	Director	1.00	Director	$0	$0	$0
Lavonne Bowman	Director	1.00	Director	$0	$0	$0
Mark Mattke	Director	1.00	Director	$0	$0	$0
Hugh Crozier	Director	1.00	Director	$0	$0	$0
Joe Druffel	Director	1.00	Director	$0	$0	$0
Cory Allen	Director - Oregon	1.00	Director	$0	$0	$0
Andrea Morgan	Director (Through 12/31/24)	1.00	Director	$0	$0	$0
Debbie Shipman	Director	1.00	Director	$0	$0	$0
Robin Stewart	Vice Chair	1.00	Director	$0	$0	$0
Erica Erdozain	Director	1.00	Director	$0	$0	$0
Tracy R Bridgens	Sr Vice President/COO/HR/I	40.00	Officer	$114,748	$14,398	$129,146
Elizabeth Rusnak	Sr Vice President/Loan Off	40.00	Highest	$224,699	$14,398	$239,097
Mark Beppler	Vice President/Sr Loan Off	40.00	Highest	$147,736	$9,398	$157,134
Evan Heriot	Vice President/Sr Loan Off	40.00	Highest	$116,962	$14,398	$131,360
Colleen M Ruggles	Vice President/Closing Man	40.00	Highest	$105,316	$14,392	$119,708

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	$4,053,953	$3,240,904	$6,922,524	$813,049
2024	$4,007,576	$3,046,457	$6,036,253	$961,119
2023	$3,693,268	$2,945,706	$5,143,660	$747,562
2022	$3,801,691	$3,450,007	$4,504,001	$351,684
2021	$3,403,966	$3,438,209	$4,322,993	$-34,243
2020	$3,396,908	$3,157,884	$3,915,248	$239,024
2019	$3,011,438	$2,735,830	$3,641,208	$275,608
2018	$2,761,552	$2,662,929	$3,310,843	$98,623

Northwest Business Development Assoc