KITSAP ECONOMIC DEVELOPMENT ALLIANCE (EIN 911335188) - 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

1983

Legal Domicile

Principal Officer

ROGER NEWTON

Phone

3603771456

Tax Period

2025-01-01 to 2025-12-31

KITSAP ECONOMIC DEVELOPMENT ALLIANCE, founded in 1983, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2025. Revenue decreased 16% compared to the prior year. Expenses of $1.0M left a modest 11% surplus.

Mission

TO ATTRACT AND RETAIN PRIMARY BUSINESSES TO KITSAP 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 (2025)

Revenue Breakdown

Contributions & Grants $1,091,343

Program Service Revenue $40,743

Investment Income $191

Other Revenue $0

TOTAL REVENUE $1,132,277

Expense Breakdown

Grants Paid $0

Salaries & Benefits $616,459

Fundraising Expenses $0

Other Expenses $388,545

TOTAL EXPENSES $1,005,004

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,132,277	$1,355,644	-0.2%
Expenses	$1,005,004	$1,264,508	-0.2%
Net Income	$127,273	$91,136	+0.4%

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

N/A

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

$156,445

Total Directors

$156,445

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE MORRISON	SECRETARY	40.00	Officer Director	$145,045	$11,400	$156,445
GARY ANDERSON	BOARD MEMBER	3.00	Director	$0	$0	$0
ANGELA BENNINK	BOARD MEMBER	3.00	Director	$0	$0	$0
MONICA BERNARD	BOARD MEMBER	3.00	Director	$0	$0	$0
ERIC BILLIES	BOARD MEMBER	3.00	Director	$0	$0	$0
KELLEN BOND	BOARD MEMBER	3.00	Director	$0	$0	$0
JENNIFER CHAMBERLIN	BOARD MEMBER	3.00	Director	$0	$0	$0
ERIC CROFT	BOARD MEMBER	3.00	Director	$0	$0	$0
RICK DARROW	BOARD MEMBER	3.00	Director	$0	$0	$0
JOE DEETS	BOARD MEMBER	3.00	Director	$0	$0	$0
GREG ENGLIN	BOARD MEMBER	3.00	Director	$0	$0	$0
BECKY ERICKSON	BOARD MEMBER	3.00	Director	$0	$0	$0
NATHAN FERGUSON	BOARD MEMBER	3.00	Director	$0	$0	$0
LEONARD FORSMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
JEFF FUCHS	BOARD MEMBER	3.00	Director	$0	$0	$0
SHAWN GILFEDDER	BOARD MEMBER	3.00	Director	$0	$0	$0
JOAN HANTEN	BOARD MEMBER	3.00	Director	$0	$0	$0
JENNIFER HERBIG	BOARD MEMBER	3.00	Director	$0	$0	$0
HOLLY HILL	BOARD MEMBER	3.00	Director	$0	$0	$0
MARCUS HOFFMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
DARIA ILGEN	BOARD MEMBER	3.00	Director	$0	$0	$0
JENNIFER KREIDLER-MOSS	BOARD MEMBER	3.00	Director	$0	$0	$0
ASHLEY MATHEWS	BOARD MEMBER	3.00	Director	$0	$0	$0
MARY MCCLURE	BOARD MEMBER	3.00	Director	$0	$0	$0
CHAD MELTON	VICE CHAIR	3.00	Officer Director	$0	$0	$0
JAY MILLS	TREASURER	3.00	Officer Director	$0	$0	$0
JOHN MORRISSEY	BOARD MEMBER	3.00	Director	$0	$0	$0
DANIEL MORSE	BOARD MEMBER	3.00	Director	$0	$0	$0
IRENE MOYER	BOARD MEMBER	3.00	Director	$0	$0	$0
CHRISTINE NAHN	BOARD MEMBER	3.00	Director	$0	$0	$0
ROGER NEWTON	CHAIR	3.00	Officer Director	$0	$0	$0
ROB PUTAANSUU	BOARD MEMBER	3.00	Director	$0	$0	$0
JANE REBELOWSKI	BOARD MEMBER	3.00	Director	$0	$0	$0
DIANA RIGGENS	BOARD MEMBER	3.00	Director	$0	$0	$0
JASON RITTER-LOPATOWSKI	BOARD MEMBER	3.00	Director	$0	$0	$0
JON ROSE	BOARD MEMBER	3.00	Director	$0	$0	$0
LESLIE SCHNEIDER	BOARD MEMBER	3.00	Director	$0	$0	$0
RICHARD SCHWARZ	BOARD MEMBER	3.00	Director	$0	$0	$0
STACEY SMITH	BOARD MEMBER	3.00	Director	$0	$0	$0
ED STERN	BOARD MEMBER	3.00	Director	$0	$0	$0
LARRY TELLINGHUISEN	BOARD MEMBER	3.00	Director	$0	$0	$0
JASON THIBEDEAU	BOARD MEMBER	3.00	Director	$0	$0	$0
KATIE WALTERS	BOARD MEMBER	3.00	Director	$0	$0	$0
GREG WHEELER	BOARD MEMBER	3.00	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	$1,132,277	$1,005,004	$534,052	$127,273
2024	$1,355,644	$1,264,508	$415,198	$91,136
2023	$896,333	$1,056,398	$315,266	$-160,065
2022	$817,906	$764,670	$470,409	$53,236
2021	$624,902	$505,917	$404,831	$118,985
2020	$1,186,330	$1,112,952	$287,004	$73,378
2019	$584,933	$569,006	$210,108	$15,927
2018	$565,346	$570,328	$205,212	$-4,982

KITSAP ECONOMIC DEVELOPMENT ALLIANCE