ECONOMIC ALLIANCE SNOHOMISH COUNTY CENTER FOR BUSINESS AND EMPLOYMENT DEV (EIN 911267752) - 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

1984

Legal Domicile

Principal Officer

DOUG PURCELL

Phone

4257434567

Tax Period

2024-01-01 to 2024-12-31

ECONOMIC ALLIANCE SNOHOMISH COUNTY CENTER FOR BUSINESS AND EMPLOYMENT DEV, founded in 1984, is a micro nonprofit that reported $29K in total revenue in fiscal year 2024. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $28K left a modest 4% surplus.

Mission

FOSTER JOB DEVELOPMENT, EDUCATION, AND TRAINING IN SNOHOMISH 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $28,000

Program Service Revenue $0

Investment Income $1,199

Other Revenue $0

TOTAL REVENUE $29,199

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $28,001

Other Expenses $28,001

TOTAL EXPENSES $28,001

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,199	$111,606	-0.7%
Expenses	$28,001	$107,792	-0.7%
Net Income	$1,198	$3,814	-0.7%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$240,956

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDY POISCHBEG	INTERIM CEO	40.00	Officer	$0	$19,001	$234,518
RAY STEPHANSON	PRESIDENT & CEO	1.00	Officer	$0	$188	$6,438
DOUG PURCELL	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
SCOTT KENNEDY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CORBIN RESSEGUIE	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
DEBBIE TAGLIALAVORE	BOARD SECRETARY	1.00	Officer 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	$29,199	$28,001	$257,780	$1,198
2023	$111,606	$107,792	$253,582	$3,814
2022	$180,444	$179,600	$848,817	$844
2021	$234,236	$234,195	$796,873	$41
2020	$322,443	$322,360	$567,637	$83
2019	$262,967	$262,717	$450,154	$250
2018	$258,969	$258,758	$400,187	$211

ECONOMIC ALLIANCE SNOHOMISH COUNTY CENTER FOR BUSINESS AND EMPLOYMENT DEV