ECONOMIC DEVELOPMENT COUNCIL OF MASON COUNTY

EIN: 911228817

SHELTON, WA

Total Revenue
$542,909
Total Expenses
$470,833
Total Assets
$277,052
Net Assets
$277,052
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Principal Officer
KEVIN SHUTTY
Phone
3604262276
Tax Period
2024-07-01 to 2025-06-30

ECONOMIC DEVELOPMENT COUNCIL OF MASON COUNTY is a small nonprofit that reported $543K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $471K left a modest 13% surplus.

Mission

TO EXPAND AND DIVERSIFY THE ECONOMY THROUGHOUT MASON COUNTY BY RETAINING AND RECRUITING JOBS, GROWING STRONG AND SUSTAINABLE INDUSTRY CLUSTERS, AND PROMOTING GLOBAL COMPETITIVENESS FOR WASHINGTON STATE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $526,728
Program Service Revenue $0
Investment Income $7,296
Other Revenue $8,885
TOTAL REVENUE $542,909

Expense Breakdown

Grants Paid $0
Salaries & Benefits $323,387
Fundraising Expenses $0
Other Expenses $147,446
TOTAL EXPENSES $470,833

Year-over-Year Comparison

2024 2023 Change
Revenue $542,909 $427,820 +0.3%
Expenses $470,833 $417,037 +0.1%
Net Income $72,076 $10,783 +5.7%
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
16
Independent Members
16
Employees
3
Volunteers
17

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
4
$65,000
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN SHUTTY EXECUTIVE DI 40.00
Officer
$65,000 $0 $65,000
AMY ASHER BOARD MEMBER 1.00
Director
$0 $0 $0
KRISTY BUCK BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER CAPPS BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE CURTAIN BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF FARRINGTON CHAIR 1.00
Officer Director
$0 $0 $0
MIKE GILL BOARD MEMBER 1.00
Director
$0 $0 $0
JAE HILL VICE CHAIR 1.00
Officer Director
$0 $0 $0
JUSTIN HOLZGROVE BOARD MEMBER 1.00
Director
$0 $0 $0
WYETH JESSEE BOARD MEMBER 1.00
Director
$0 $0 $0
DONNA MOIR TREASURER 1.00
Officer Director
$0 $0 $0
LISA PERRY BOARD MEMBER 1.00
Director
$0 $0 $0
KELSIE RUDNICK BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN SAYLER BOARD MEMBER 1.00
Director
$0 $0 $0
PAT TARZWELL BOARD MEMBER 1.00
Director
$0 $0 $0
WESTON TAYLOR BOARD MEMBER 1.00
Director
$0 $0 $0
AMBER TRAIL BOARD 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
2025 $542,909 $470,833 $277,052 $72,076
2024 No data No data No data No data
2023 $544,945 $587,939 $194,193 $-42,994
2022 $805,914 $822,825 $241,486 $-16,911
2021 $1,707,379 $1,537,225 $244,764 $170,154
2020 $214,103 $247,074 $73,515 $-32,971
2019 $274,228 $231,790 $97,880 $42,438
2018 $294,072 $286,295 $64,157 $7,777
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