ISLAND COUNTY ECONOMIC DEVELOPMENT COUNCIL (EIN 911300296) - 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

1987

Legal Domicile

Principal Officer

OZELL JACKSON

Phone

3606787543

Tax Period

2024-01-01 to 2024-12-31

ISLAND COUNTY ECONOMIC DEVELOPMENT COUNCIL, founded in 1987, is a small nonprofit that reported $242K in total revenue in fiscal year 2024. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $335K exceeded revenue, resulting in a 38% operating deficit.

Mission

THE ECONOMIC DEVELOPMENT COUNCIL FOSTERS ECONOMIC BALANCE THAT PRESERVES THE ISLAND COUNTY'S RURAL CHARACTER WHILE PROMOTING BUSINESS, EMPLOYMENT, AND QUALITY OF LIFE OPPORTUNITIES FOR ITS RESIDENTS.

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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 $234,695

Program Service Revenue $7,454

Investment Income $119

Other Revenue $0

TOTAL REVENUE $242,268

Expense Breakdown

Grants Paid $0

Salaries & Benefits $235,488

Fundraising Expenses $6,069

Other Expenses $99,890

TOTAL EXPENSES $335,378

Year-over-Year Comparison

	2024	2023	Change
Revenue	$242,268	$1,491,876	-0.8%
Expenses	$335,378	$1,450,429	-0.8%
Net Income	$-93,110	$41,447	-3.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELE CALLIHAN	DIRECTOR	N/A	Director	$0	$0	$0
JANET ST CLAIR	EX OFFICIO	N/A	Director	$0	$0	$0
LYNDA ECCLES	DIRECTOR	N/A	Director	$0	$0	$0
BRANDON ERICSON	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN HEINRICH	DIRECTOR	N/A	Director	$0	$0	$0
KENNEDY HORSTMAN	DIRECTOR	N/A	Director	$0	$0	$0
MOLLY HUGHES	DIRECTOR	N/A	Director	$0	$0	$0
ROB MELLISH	DIRECTOR	N/A	Director	$0	$0	$0
TODD MORROW	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT PRICE	DIRECTOR	N/A	Director	$0	$0	$0
MARIA SHIMADA	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN TYHUIS	EX OFFICIO	N/A	Director	$0	$0	$0
RONNIE WRIGHT	DIRECTOR	N/A	Director	$0	$0	$0
GEORGE HENNY	PRESIDENT	10.00	Officer	$0	$0	$0
OZELL JACKSON	TREASURER	10.00	Officer	$0	$0	$0
DAVE PAUL	AT LARGE	10.00	Officer	$0	$0	$0
JEFF PLEET	VICE PRESIDE	10.00	Officer	$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	$242,268	$335,378	$150,150	$-93,110
2023	$1,491,876	$1,450,429	$262,329	$41,447
2022	$240,395	$247,620	$223,149	$-7,225
2021	$340,119	$321,664	$213,170	$18,455
2020	$253,102	$206,995	$239,631	$46,107
2019	$226,818	$183,681	$148,814	$43,137
2018	$150,211	$158,926	$103,163	$-8,715

ISLAND COUNTY ECONOMIC DEVELOPMENT COUNCIL