THURSTON ECONOMIC DEVELOPMENT COUNCIL CENTER FOR BUSINESS AND INNOVATION

EIN: 911561600 501(c)(3) Unknown

LACEY, WA

Total Revenue
$4,139,814
Total Expenses
$4,242,386
Total Assets
$624,890
Net Assets
$83,061
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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
1992
Legal Domicile
WA
Principal Officer
MICHAEL CADE
Phone
3607546320
Tax Period
2023-01-01 to 2023-12-31

THURSTON ECONOMIC DEVELOPMENT COUNCIL CENTER FOR BUSINESS AND INNOVATION, founded in 1992, is a community nonprofit in the Unknown sector that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 122% from the prior year, signaling strong growth momentum.

Mission

DEVELOP THE ENTREPRENEURIAL NETWORK OF THURSTON COUNTY AND SUPPORT BUSINESS LIFE-CYCLE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,118,143
Program Service Revenue $15,879
Investment Income $702
Other Revenue $5,090
TOTAL REVENUE $4,139,814

Expense Breakdown

Grants Paid $0
Salaries & Benefits $726,960
Fundraising Expenses $0
Program Expenses $3,962,543
Other Expenses $3,515,426
TOTAL EXPENSES $4,242,386

Year-over-Year Comparison

2023 2022 Change
Revenue $4,139,814 $1,866,030 +1.2%
Expenses $4,242,386 $1,821,992 +1.3%
Net Income $-102,572 $44,038 -3.3%
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
8
Independent Members
8
Employees
16
Volunteers
18

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
$161,074
Total Directors
9
$161,074
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL CADE EXECUTIVE DIRECTOR 10.00
Officer Director
$0 $4,911 $161,074
NANCY LAPOINTE PRESIDENT 0.25
Officer Director
$0 $0 $0
GRACE KENDALL PRESIDENT-ELECT 0.25
Director
$0 $0 $0
NOEL RUBADUE SECRETARY 0.25
Officer Director
$0 $0 $0
SCOTT ZYLKA TREASURER 0.25
Officer Director
$0 $0 $0
KEVIN LENEKER DIRECTOR 0.25
Director
$0 $0 $0
DENISE SAWATZKY DIRECTOR 0.25
Director
$0 $0 $0
TRUDY SOUCOUP DIRECTOR 0.25
Director
$0 $0 $0
TODD WHITLEY DIRECTOR 0.25
Director
$0 $0 $0
SEAN MOORE DIRECTOR CB&I 40.00
Highest
$101,092 $0 $101,092
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 $4,139,814 $4,242,386 $624,890 $-102,572
2022 $1,866,030 $1,821,992 $630,642 $44,038
2021 $988,794 $1,206,608 $459,422 $-217,814
2020 $2,124,126 $1,819,085 $773,294 $305,041
2019 $542,887 $575,435 $124,757 $-32,548
2018 $612,331 $563,415 $185,235 $48,916
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