COLUMBIA RIVER ECONOMIC DEVELOPMENT COUNCIL

EIN: 911186305

VANCOUVER, WA

Total Revenue
$1,454,222
Total Expenses
$1,381,189
Total Assets
$1,071,598
Net Assets
$1,011,487
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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
1982
Legal Domicile
WA
Principal Officer
JENNIFER A BAKER
Phone
3606945006
Tax Period
2023-01-01 to 2023-12-31

COLUMBIA RIVER ECONOMIC DEVELOPMENT COUNCIL, founded in 1982, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 5% surplus.

Mission

THE COLUMBIA RIVER ECONOMIC DEVELOPMENT COUNCIL IS ESTABLISHED TO COORDINATE THE USE OF PUBLIC AND PRIVATE RESOURCES TO ACHIEVE A DIVERSIFIED, BALANCED, AND HEALTHY ECONOMIC ENVIRONMENT. ITS PURPOSE WILL BE TO DEFINE, SUPPORT, AND PROMOTE POLICIES AND ACTIVITIES, AND TO UNDERTAKE AND PARTICIPATE IN PROJECTS WHICH CONTRIBUTE TO THE ECONOMIC STABILITY AND GROWTH OF CLARK COUNTY, THEREBY INCREASING EMPLOYMENT AND INVESTMENT OPPORTUNITIES.

Program Service Accomplishments

Program 1
Expenses: $870,917 Revenue: $372,284

IN 2023, COLUMBIA RIVER ECONOMIC DEVELOPMENT COUNCIL (CREDC) CONTINUED TO PROVIDE SERVICE CONTRACTS, CONSULTING STUDIES, AND RESEARCH AND REPORTS FOR VARIOUS PRIVATE AND MUNICIPAL ENTITIES LOCATED...

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IN 2023, COLUMBIA RIVER ECONOMIC DEVELOPMENT COUNCIL (CREDC) CONTINUED TO PROVIDE SERVICE CONTRACTS, CONSULTING STUDIES, AND RESEARCH AND REPORTS FOR VARIOUS PRIVATE AND MUNICIPAL ENTITIES LOCATED WITHIN CLARK COUNTY, WASHINGTON AND THE GREATER PORTLAND REGION. THROUGH BUSINESS RETENTION, RECRUITMENT AND ENTREPRENEURIAL SUPPORT, CREDC PROMOTES JOB CREATION AND CAPITAL INVESTMENT IN THE LOCAL AREA. PROJECT IMPACT INCLUDED 9 RECRUITMENT AND EXPANSION WINS RESULTING IN $458 MILLION IN CAPITAL INVESTMENT AND APPROXIMATELY 509 NEW AND RETAINED JOBS IN CLARK COUNTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,073,035
Program Service Revenue $372,284
Investment Income $8,003
Other Revenue $900
TOTAL REVENUE $1,454,222

Expense Breakdown

Grants Paid $400,185
Salaries & Benefits $690,492
Fundraising Expenses $0
Program Expenses $870,917
Other Expenses $290,512
TOTAL EXPENSES $1,381,189

Year-over-Year Comparison

2023 2022 Change
Revenue $1,454,222 $999,460 +0.5%
Expenses $1,381,189 $970,434 +0.4%
Net Income $73,033 $29,026 +1.5%
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
46
Independent Members
45
Employees
10
Volunteers
51

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
6
$181,943
Total Directors
46
$181,943
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER BAKER PRESIDENT & BOARD MEMBER 40.00
Officer Director
$168,000 $13,943 $181,943
MEI WU CHAIR & BOARD MEMBER 0.00
Officer Director
$0 $0 $0
ALAN HWANG VICE CHAIR & BOARD MEMBER 0.00
Officer Director
$0 $0 $0
KEN TSE TREASURER & BOARD MEMBER 0.00
Officer Director
$0 $0 $0
ALAN GARCIA SECRETARY & BOARD MEMBER 0.00
Officer Director
$0 $0 $0
LISA LOWE PAST CHAIR & BOARD MEMBER 0.00
Officer Director
$0 $0 $0
JOHN MICHAEL EXEC COMM & BOARD MEMBER 0.00
Director
$0 $0 $0
CARMEN CASTRO EXEC COMM & BOARD MEMBER (PART-YEAR) 0.00
Director
$0 $0 $0
HELEN DEVERY EXEC COMM & BOARD MEMBER 0.00
Director
$0 $0 $0
STEVE HOGAN EXEC COMM & BOARD MEMBER 0.00
Director
$0 $0 $0
JULIANNA MARLER EXEC COMM & BOARD MEMBER 0.00
Director
$0 $0 $0
RANDY MUELLER EXEC COMM & BOARD MEMBER 0.00
Director
$0 $0 $0
MEL NETZHAMMER EXEC COMM & BOARD MEMBER 0.00
Director
$0 $0 $0
DAVID RIPP EXEC COMM & BOARD MEMBER 0.00
Director
$0 $0 $0
BRIAN KNIGHT EXEC COMM & BOARD MEMBER 0.00
Director
$0 $0 $0
ERIK PAULSEN EXEC COMM & BOARD MEMBER 0.00
Director
$0 $0 $0
JANE VAN DYKE EXEC COMM & BOARD MEMBER 0.00
Director
$0 $0 $0
TIM SCHAUER EXEC COMM & BOARD MEMBER 0.00
Director
$0 $0 $0
RYAN WESTON BOARD MEMBER 0.00
Director
$0 $0 $0
BLAKE SEABAUGH BOARD MEMBER 0.00
Director
$0 $0 $0
KATHLEEN RIENHARDT-WARING BOARD MEMBER 0.00
Director
$0 $0 $0
LISA SCHAUER BOARD MEMBER 0.00
Director
$0 $0 $0
AUGUSTO BASSANINI BOARD MEMBER 0.00
Director
$0 $0 $0
GIL AMUNDSEN BOARD MEMBER 0.00
Director
$0 $0 $0
MARK TISHENKO BOARD MEMBER 0.00
Director
$0 $0 $0
SHAWN DONAGHY BOARD MEMBER 0.00
Director
$0 $0 $0
KARIN EDWARDS BOARD MEMBER 0.00
Director
$0 $0 $0
JAKE BIGBY BOARD MEMBER 0.00
Director
$0 $0 $0
REBECCA BIRENBAUM BOARD MEMBER 0.00
Director
$0 $0 $0
KARA FOX-LAROSE BOARD MEMBER 0.00
Director
$0 $0 $0
ERIC LABRANT BOARD MEMBER 0.00
Director
$0 $0 $0
JOSH ENGELBRECHT BOARD MEMBER 0.00
Director
$0 $0 $0
SARAH FOX BOARD MEMBER 0.00
Director
$0 $0 $0
MARTINA FETTER BOARD MEMBER 0.00
Director
$0 $0 $0
JON HERSEN BOARD MEMBER 0.00
Director
$0 $0 $0
PHILIP JOHNSON BOARD MEMBER 0.00
Director
$0 $0 $0
BILLY HENRY BOARD MEMBER 0.00
Director
$0 $0 $0
SHARA WOKAL BOARD MEMBER 0.00
Director
$0 $0 $0
STEPHANIE PHILLIPS BOARD MEMBER 0.00
Director
$0 $0 $0
ABE OTT BOARD MEMBER 0.00
Director
$0 $0 $0
NATHAN MCCANN BOARD MEMBER (PART-YEAR) 0.00
Director
$0 $0 $0
MIRIAM HALLIDAY BOARD MEMBER 0.00
Director
$0 $0 $0
SARAH LAUGHLIN BOARD MEMBER 0.00
Director
$0 $0 $0
JENNIFER LINDSAY BOARD MEMBER 0.00
Director
$0 $0 $0
DAVID STUEBE BOARD MEMBER 0.00
Director
$0 $0 $0
TOD TAPANI BOARD MEMBER 0.00
Director
$0 $0 $0
CLINTEN HENDRICKS VP BUSINESS DEVELOPMENT 40.00
Highest
$112,000 $18,634 $130,634
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 $1,454,222 $1,381,189 $1,071,598 $73,033
2022 $999,460 $970,434 $999,095 $29,026
2021 $1,078,720 $970,901 $994,106 $107,819
2020 $4,336,987 $4,216,665 $850,883 $120,322
2019 $926,970 $829,996 $741,748 $96,974
2018 $1,009,618 $859,740 $595,687 $149,878
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