WASHINGTON ECONOMIC DEVELOPMENT ASSOCIAT ION (EIN 911768428) - 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

1997

Legal Domicile

Principal Officer

ALISHA BENSON

Phone

8007181960

Tax Period

2021-01-01 to 2021-12-31

WASHINGTON ECONOMIC DEVELOPMENT ASSOCIAT ION, founded in 1997, is a small nonprofit that reported $768K in total revenue in fiscal year 2021. Revenue surged 80% from the prior year, signaling strong growth momentum. Expenses of $935K exceeded revenue, resulting in a 22% operating deficit.

Mission

RECOVERING, RETAINING, RECRUITING AND EXPANDING JOBS AND RE-INVESTMENT IN WASHINGTON STATE.

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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 (2021)

Revenue Breakdown

Contributions & Grants $624,611

Program Service Revenue $143,247

Investment Income $0

Other Revenue $0

TOTAL REVENUE $767,858

Expense Breakdown

Grants Paid $8,900

Salaries & Benefits $130,043

Fundraising Expenses $0

Other Expenses $795,636

TOTAL EXPENSES $934,579

Year-over-Year Comparison

	2021	2020	Change
Revenue	$767,858	$427,212	+0.8%
Expenses	$934,579	$200,123	+3.7%
Net Income	$-166,721	$227,089	-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

N/A

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

$130,043

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY BALLEW	CHAIR	1.00	Officer Director	$0	$0	$0
ALISHA BENSON	INCOMING CHAIR	1.00	Officer Director	$0	$0	$0
MIKE BOMAR	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
CHRIS GREEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GINA STARK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BETTY CAPENSTANY	TREASURER	1.00	Officer Director	$0	$0	$0
TERESA BRUM	SECRETARY	1.00	Officer Director	$0	$0	$0
TIFFANY ALVISO	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER BAKER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CADE	DIRECTOR	1.00	Director	$0	$0	$0
GARRY CLARK	DIRECTOR	1.00	Director	$0	$0	$0
KARL DYE	DIRECTOR	1.00	Director	$0	$0	$0
DRU GARSON	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER HACKMAN	DIRECTOR	1.00	Director	$0	$0	$0
RONI HOLDER-DIEFENBACH	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE KENDALL	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MARCELL	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN STERNLICHT	DIRECTOR	1.00	Director	$0	$0	$0
MANDY WALLNER	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE DALE ESTEY	EXECUTIVE DIRECTOR	40.00	Officer	$130,043	$0	$130,043

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
2021	$767,858	$934,579	$121,686	$-166,721
2020	$427,212	$200,123	$288,407	$227,089

WASHINGTON ECONOMIC DEVELOPMENT ASSOCIAT ION