CANYON PARK BUSINESS CENTER OWNERS' ASSOCIATION

EIN: 911530330 Community Improvement

BOTHELL, WA

Total Revenue
$1,895,468
Total Expenses
$1,380,001
Total Assets
$8,348,192
Net Assets
$8,348,192
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
WA
Principal Officer
DANIEL TURNBOW
Phone
4254854850
Tax Period
2025-01-01 to 2025-12-31

CANYON PARK BUSINESS CENTER OWNERS' ASSOCIATION, founded in 1984, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2025. Revenue fell 76% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $515K, a strong 27% operating margin.

Mission

THE ASSOCIATION MAINTAINS AND MANAGES COMMON AREAS TO ENHANCE THE VALUE, DESIRABLILITY AND ATTRACTIVENESS OF ALL REAL PROPERTY IN CANYON PARK BUSINESS CENTER TO THEIR MUTUAL BENEFIT AND PROTECTION.

Program Service Accomplishments

Program 1
Expenses: $1,256,867 Revenue: $1,639,110

THE ASSOCIATION MAINTAINS AND MANAGES COMMON AREAS WITHIN THE CANYON PARK BUSINESS CENTER, AN APPROXIMATELY 400-ACRE BUSINESS PARK, FOR THE BENEFIT OF THE MEMBER OWNERS. ALL OF THE LAND AND...

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THE ASSOCIATION MAINTAINS AND MANAGES COMMON AREAS WITHIN THE CANYON PARK BUSINESS CENTER, AN APPROXIMATELY 400-ACRE BUSINESS PARK, FOR THE BENEFIT OF THE MEMBER OWNERS. ALL OF THE LAND AND FACILITIES THAT THE ASSOCIATION OWNS, MAINTAINS, AND PROTECTS, AS DESCRIBED FULLY BELOW, ARE EITHER (I) GENERALLY AVAILABLE TO, AND FREQUENTLY USED BY, THE PUBLIC OR (II) SET ASIDE FOR ENVIRONMENTAL PRESERVATION PURPOSES FOR THE BENEFIT OF THE PUBLIC, PURSUANT TO AGREEMENTS WITH THE GOVERNMENTS OF THE CITY OF BOTHELL AND SNOHOMISH COUNTY, WASHINGTON. BY MAINTAINING BOTH ROADS AND TRAILS THAT ARE ACCESSIBLE TO, AND FREQUENTLY USED BY, THE REGION'S RESIDENTS AND EMPLOYEES, THE ASSOCIATION IS PROVIDING A SIGNIFICANT PUBLIC BENEFIT TO THE COMMUNITY AND TO LOCAL GOVERNMENTS. THE ASSOCIATION ALSO OWNS AND MAINTAINS WETLANDS AND STORMWATER RETENTION PONDS THAT HAVE SIGNIFICANT ECOLOGICAL VALUE. THE ASSOCIATION PROTECTS THESE AREAS AND PREVENTS ACCESS OR USE TO THESE AREAS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,639,110
Investment Income $256,358
Other Revenue $0
TOTAL REVENUE $1,895,468

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,256,867
Other Expenses $1,380,001
TOTAL EXPENSES $1,380,001

Year-over-Year Comparison

2025 2024 Change
Revenue $1,895,468 $7,978,066 -0.8%
Expenses $1,380,001 $1,329,764 +0.0%
Net Income $515,467 $6,648,302 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL TURNBOW PRESIDENT 1.00
Officer Director
$0 $0 $0
CARSTEN BELANICH VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KELLY CALLAHAN SECRETARY 1.00
Officer Director
$0 $0 $0
KRISTIN MADSEN TREASURER 1.00
Officer Director
$0 $0 $0
AARON DWINELL DIRECTOR 0.50
Director
$0 $0 $0
CHRISTIAN GUNTER DIRECTOR 0.50
Director
$0 $0 $0
LAUREN HAMMOND DIRECTOR 0.50
Director
$0 $0 $0
JON HUFF DIRECTOR 0.50
Director
$0 $0 $0
JEREMY MCPHERSON DIRECTOR 0.50
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 $1,895,468 $1,380,001 $8,348,192 $515,467
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