Economic Development Alliance of Skagit County (EIN 911724682) - 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

1996

Legal Domicile

Principal Officer

John Sternlicht

Phone

3603366114

Tax Period

2024-01-01 to 2024-12-31

Economic Development Alliance of Skagit County, founded in 1996, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024.

Mission

To promote a growing and balanced economy for Skagit County, WA.

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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 $457,650

Program Service Revenue $761,363

Investment Income $17,397

Other Revenue $8,627

TOTAL REVENUE $1,245,037

Expense Breakdown

Grants Paid $6,685

Salaries & Benefits $822,080

Fundraising Expenses $93,599

Program Expenses $912,712

Other Expenses $370,029

TOTAL EXPENSES $1,221,194

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,245,037	$1,274,475	0.0%
Expenses	$1,221,194	$1,310,566	-0.1%
Net Income	$23,843	$-36,091	-1.7%

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

$366,936

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amelia Cook	Chair	1.00	Officer Director	$0	$0	$0
Nikki Wegner	Vice Chair	1.00	Officer Director	$0	$0	$0
Christopher Johnston	Past Chair	1.00	Officer Director	$0	$0	$0
Nathan Wolfe	Secretary	1.00	Officer Director	$0	$0	$0
Matt Roetcisoender	Treasurer	1.00	Officer Director	$0	$0	$0
JJ Wilbur	Member	1.00	Director	$0	$0	$0
Elizabeth Stout	Member	1.00	Director	$0	$0	$0
Amy Hong	Member	1.00	Director	$0	$0	$0
Margaret Rojas	Member	1.00	Director	$0	$0	$0
Viry Delgado	Member	1.00	Director	$0	$0	$0
Dr Paul Pitre	Member	1.00	Director	$0	$0	$0
Ryan Sakuma	Member	1.00	Director	$0	$0	$0
Mandi Rothman	Member	1.00	Director	$0	$0	$0
Steve Lang	Member	1.00	Director	$0	$0	$0
Rod Cann	Member	1.00	Director	$0	$0	$0
Brian Gentry	Member	1.00	Director	$0	$0	$0
Brett Greenwood	Ex Officio	1.00	Director	$0	$0	$0
Peter Browning	Ex Officio	1.00	Director	$0	$0	$0
Sara Young	Ex Officio	1.00	Director	$0	$0	$0
Kristen Keltz	Ex Officio	1.00	Director	$0	$0	$0
Peter Donovan	Ex Officio	1.00	Director	$0	$0	$0
Dr Chris Villa	Ex Officio	1.00	Director	$0	$0	$0
Matthew Paxton	Of-Council	1.00	Director	$0	$0	$0
John Sternlicht	CEO	40.00	Officer	$212,548	$24,377	$236,925
Audra Ramerman	Director, Finance & Admin.	40.00	Officer	$104,542	$25,469	$130,011

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	$1,245,037	$1,221,194	$1,057,768	$23,843
2023	$1,274,475	$1,310,566	$1,060,049	$-36,091
2022	$924,732	$822,732	$1,097,473	$102,000
2021	$1,000,539	$852,402	$777,867	$148,137
2020	$1,077,828	$795,656	$561,238	$282,172

Economic Development Alliance of Skagit County