SKAMANIA ECONOMIC DEVELOPMENT COUN… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

KEVIN WATERS

Phone

5094275110

Tax Period

2023-01-01 to 2023-12-31

SKAMANIA ECONOMIC DEVELOPMENT COUNCIL, founded in 1985, is a small nonprofit in the Community Improvement sector that reported $530K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $489K left a modest 8% surplus.

Mission

SKAMANIA ECONOMIC DEVELOPMENT COUNCIL'S MISSION IS TO PROMOTE ECONOMIC GROWTH AND RETENTION IN SKAMANIA COUNTY.

Program Service Accomplishments

Program 1

Expenses: $164,843 Revenue: $125,129

SKAMANIA ECONOMIC DEVELOPMENT COUNCIL CONTRACTS WITH SKAMANIA COUNTY, WASHINGTON STATE, CITY OF STEVENSON, SKAMANIA PUD, CITY OF NORTH BONNEVILLE AND PORT OF SKAMANIA TO PROVIDE VARIOUS ECONOMIC...

SKAMANIA ECONOMIC DEVELOPMENT COUNCIL CONTRACTS WITH SKAMANIA COUNTY, WASHINGTON STATE, CITY OF STEVENSON, SKAMANIA PUD, CITY OF NORTH BONNEVILLE AND PORT OF SKAMANIA TO PROVIDE VARIOUS ECONOMIC DEVELOPMENT EFFORTS. SUCCESFUL GRANT AND LOAN ASSISTANCE - THE EDC ASSISTED WITH VARIOUS AGENCIES IN OBTAINING FUNDING FOR THE CITY OF STEVENSON, THE SKAMANIA PUD, SKAMANIA COUNTY AND THE PORT OF SKAMANIA. PRIORITY PROJECT FUNDING NEEDS FOR CURRENT AND LOCAL PROJECTS ARE MAINTAINED BY THE EDC STAFF AND APPROVED QUARTERLY THROUGH THE COUNTY COMMISSIONERS BY RESOLUTION. REGIONAL ACCOMPLISHMENTS - THE EDC WORKS IN COORDINATION WITH OUR REGIONAL ECONOMIC DEVELOPMENT ASSOCIATION, MCEDD, AND CREDC. MCEDD AND THE EDC WORK TOGETHER TO ENSURE THAT BOTH ARE SUPPORTED IN THEIR LOCAL DEVELOPMENTS. LOCAL ACCOMPLISHMENTS - THE EDC WORKED TO CREATE A LOCAL BROADBAND TEAM AND IS WORKING TO OBTAIN BROADBAND FUNDING FOR OUR RURAL COUNTY. THE EDC ALSO WORKS WITH OUR CHAMBER AND MAINSTREET PROGRAM TO ENSURE OUR LOCAL BUSINESSES HAVE REGIONAL FUNDING OPPORTUNITIES. THE EDC ATTENDS AND PARTICIPATES AS A BOARD MEMBER ON THE STEVENSON DOWNTOWN ASSOCIATION, RTC MEETINGS, THE SKAMANIA COUNTY GOVERNMENT AFFAIRS COMMITTEE AND OUR LOCAL CAT TEAM AND FUNDS COMMITTEES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $391,510

Program Service Revenue $125,071

Investment Income $13,793

Other Revenue $58

TOTAL REVENUE $530,432

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $286,454

Fundraising Expenses $0

Program Expenses $164,843

Other Expenses $197,971

TOTAL EXPENSES $489,425

Year-over-Year Comparison

	2023	2022	Change
Revenue	$530,432	$396,957	+0.3%
Expenses	$489,425	$462,437	+0.1%
Net Income	$41,007	$-65,480	-1.6%

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

$80,415

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN WATERS	EXECUTIVE DIRECTOR	40.00	Director	$75,749	$4,666	$80,415
JOHN GOODMAN	VICE PRESIDENT-CHAIR	0.50	Officer Director	$0	$0	$0
RAY BROUGHTON	PRESIDENT-CHAIR	0.50	Officer Director	$0	$0	$0
JOLENE EMERSON	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
DIANA RAMOS	DIRECTOR	0.50	Director	$0	$0	$0
BEN SHUMAKER	DIRECTOR	0.50	Director	$0	$0	$0
DEANNA SYRON	DIRECTOR	0.50	Director	$0	$0	$0
KELSEY PHILLIPS	DIRECTOR	0.50	Director	$0	$0	$0
TOM LANNEN	DIRECTOR	0.50	Director	$0	$0	$0
KARA OWEN	DIRECTOR	0.50	Director	$0	$0	$0
RANDY PAYNE	DIRECTOR	0.50	Director	$0	$0	$0
ANGELA ROGERS	DIRECTOR	0.50	Director	$0	$0	$0
OPEN POSITION	DIRECTOR	0.00	Director	$0	$0	$0
US FOREST SERVICE	EX-OFFICIO	0.00	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	No data	No data	No data	No data
2023	$530,432	$489,425	$2,966,755	$41,007
2022	$396,957	$462,437	$2,925,966	$-65,480
2021	$566,841	$540,907	$3,110,000	$25,934
2020	$799,077	$693,619	$2,924,573	$105,458
2019	$327,576	$342,369	$2,839,299	$-14,793
2018	$319,768	$298,003	$2,884,659	$21,765

SKAMANIA ECONOMIC DEVELOPMENT COUNCIL