TRI-CITY DEVELOPMENT COUNCIL INC (EIN 916053966) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1964

Legal Domicile

Phone

5097351000

Tax Period

2024-01-01 to 2024-12-31

TRI-CITY DEVELOPMENT COUNCIL INC, founded in 1964, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $1.5M left a modest 4% surplus.

Mission

It is the mission of TRIDEC to improve the economic health of the Tri-Cities area.To achieve this mission, TRIDEC promotes economic diversification, facilitates job creation and retention, pursues new federal missions to support stability in federally funded operations and advocates and leads the Tri-Cities community on issues of economic importance.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $329,165

Program Service Revenue $1,202,076

Investment Income $72,219

Other Revenue $0

TOTAL REVENUE $1,603,460

Expense Breakdown

Grants Paid $40,000

Salaries & Benefits $1,069,708

Fundraising Expenses $0

Other Expenses $423,719

TOTAL EXPENSES $1,533,427

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,603,460	$2,466,809	-0.3%
Expenses	$1,533,427	$2,822,774	-0.5%
Net Income	$70,033	$-355,965	-1.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

160

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

$220,042

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARL DYE	President & CEO	52.00	Officer	$209,255	$10,787	$220,042
SANDRA HAYNES	Chair	4.00	Officer Director	$0	$0	$0
STEVEN ASHBY	Director	1.00	Officer Director	$0	$0	$0
ERIC PEARSON	PAST CHAIR	2.00	Officer Director	$0	$0	$0
KATE LAMPSON	HANFORD	1.00	Officer Director	$0	$0	$0
LUIS OJEDA	Secretary	1.00	Officer Director	$0	$0	$0
EMILY MCCANN	Treasurer	2.00	Officer Director	$0	$0	$0
BRANDON MAYFIELD	MEMBERSHIP	1.00	Officer Director	$0	$0	$0
WILL MCKAY	Director	1.00	Director	$0	$0	$0
MARK SCHUSTER	Director	1.00	Officer Director	$0	$0	$0
JOHN ESCHENBERG	Director	2.00	Director	$0	$0	$0
MASON MCCURLEY	Director	2.00	Director	$0	$0	$0
MICHAEL NOVAKOVICH	Director	1.00	Director	$0	$0	$0
JEAN RYCKMAN	Director	1.00	Director	$0	$0	$0
BRIAN HARTMAN	Director	1.00	Director	$0	$0	$0
KIRT SHAFFER	Director	1.00	Officer Director	$0	$0	$0
RYAN LUKSON	Director	1.00	Officer Director	$0	$0	$0
WES BRYAN	Director	1.00	Director	$0	$0	$0
RYAN RATCHFORD	Director	1.00	Director	$0	$0	$0
BRENT GERRY	Director	1.00	Director	$0	$0	$0
TIFFANY LUNDSTROM	Director	1.00	Director	$0	$0	$0
ROCKY MULLIN	Director	1.00	Officer Director	$0	$0	$0
KATIE NELSON	Director	1.00	Director	$0	$0	$0
KEN HOHENBERG	Director	1.00	Director	$0	$0	$0
REZA KALEEL	Director	2.00	Director	$0	$0	$0
MIKE MILLER	Director	1.00	Director	$0	$0	$0
DONALD SAMPSON	Director	1.00	Director	$0	$0	$0
MARTIN VALADEZ	Director	1.00	Director	$0	$0	$0
RICK DUNN	Director	1.00	Director	$0	$0	$0
BOB SCHUETZ	Director	1.00	Officer Director	$0	$0	$0
BOB WILKINSON	Director	1.00	Director	$0	$0	$0
ROY KECK	Director	1.00	Officer Director	$0	$0	$0
PETER HARPSTER	Director	1.00	Director	$0	$0	$0
TONY CHRISTENSEN	Director	1.00	Director	$0	$0	$0
JASON MCSHANE	Director	1.00	Director	$0	$0	$0
CARLOS MARTINEZ	Director	1.00	Director	$0	$0	$0
REBECCA WOODS	Director	1.00	Director	$0	$0	$0
LANCE STEPHENS	Director	1.00	Director	$0	$0	$0
JENS RASMUSSEN	Director	1.00	Director	$0	$0	$0
THOMAS HENDERSON	Director	1.00	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
2024	$1,603,460	$1,533,427	$2,864,237	$70,033
2023	$2,466,809	$2,822,774	$3,000,612	$-355,965
2022	$1,158,855	$1,306,887	$3,072,894	$-148,032
2021	$1,107,254	$1,166,974	$3,229,123	$-59,720
2020	$1,849,288	$1,819,647	$3,189,583	$29,641
2019	$1,152,128	$1,454,760	$3,160,380	$-302,632
2018	$1,310,155	$1,560,393	$3,462,743	$-250,238

TRI-CITY DEVELOPMENT COUNCIL INC