ECONOMIC ALLIANCE SNOHOMISH COUNTY CENTER FOR BUSINESS AND EMPLOYMENT DEV

EIN: 911267752 501(c)(3)

EVERETT, WA

Total Revenue
$29,199
Total Expenses
$28,001
Total Assets
$257,780
Net Assets
$7,269
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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
WA
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

TO FOSTER JOB DEVELOPMENT, EDUCATION, AND TRAINING RELEVANT TO ECONOMIC DEVELOPMENT IN SNOHOMISH COUNTY.

Program Service Accomplishments

Program 1
Expenses: $28,001 Revenue: $0

TO SERVE AS A SMALL BUSINESS TRANSPORTATION RESOURCE CENTER FOR THE NORTHWEST REGION (WASHINGTON, OREGON, IDAHO & ALASKA), UNDER THE MINORITY RESOURCE CENTER PROGRAM AND THE BONDING EDUCATION PROGRAM...

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TO SERVE AS A SMALL BUSINESS TRANSPORTATION RESOURCE CENTER FOR THE NORTHWEST REGION (WASHINGTON, OREGON, IDAHO & ALASKA), UNDER THE MINORITY RESOURCE CENTER PROGRAM AND THE BONDING EDUCATION PROGRAM AND ENGAGE IN ACTIVITIES RELEVANT TO ECONOMIC DEVELOPMENT FOR THE COUNTY OF SNOHOMISH AND THE SURROUNDING REGION.

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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 $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

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
5

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
$240,956
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
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
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