PRINCE WILLIAM SOUND ECONOMIC DEVELOPMENT DISTRICT (EIN 920137903) - 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

Legal Domicile

Principal Officer

KATHERINE CARLTON

Phone

9074245533

Tax Period

2024-01-01 to 2024-12-31

PRINCE WILLIAM SOUND ECONOMIC DEVELOPMENT DISTRICT is a small nonprofit in the Environment sector that reported $422K in total revenue in fiscal year 2024. Expenses of $408K left a modest 3% surplus.

Mission

OUR MISSION IS TO SERVE AS A FORUM FOR THE ADVANCEMENT OF REGIONAL ECONOMIC PRIORITIES AND TO FOSTER ECONOMIC GROWTH AND RESPONSIBLE DEVELOPMENT IN THE COMMUNITIES OF PRINCE WILLIAM SOUND.

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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 $421,807

Program Service Revenue $0

Investment Income $54

Other Revenue $0

TOTAL REVENUE $421,861

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,987

Fundraising Expenses $0

Program Expenses $373,455

Other Expenses $214,851

TOTAL EXPENSES $407,838

Year-over-Year Comparison

	2024	2023	Change
Revenue	$421,861	$427,900	0.0%
Expenses	$407,838	$420,218	0.0%
Net Income	$14,023	$7,682	+0.8%

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

N/A

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE CARLTON	President	2.00	Director	$0	$0	$0
SAMANTHA GREENWOOD	Director	2.00	Director	$0	$0	$0
MIKE WELLS	Vice President	2.00	Director	$0	$0	$0
JOHN DOUGLAS	Treasurer	2.00	Director	$0	$0	$0
LARRY EVANOFF	Director	2.00	Director	$0	$0	$0
JACKIE WILDE	Director	2.00	Director	$0	$0	$0
NANCI ROBART	Secretary	2.00	Director	$0	$0	$0
ANGELA TOTEMOFF	Director	2.00	Director	$0	$0	$0
TOMMY SHERIDAN	Director	2.00	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	$421,861	$407,838	$155,871	$14,023
2023	$427,900	$420,218	$123,437	$7,682
2022	$205,688	$194,858	$88,107	$10,830
2021	$356,936	$341,740	$69,846	$15,196
2021	$53,294	$56,574	$38,173	$-3,280

PRINCE WILLIAM SOUND ECONOMIC DEVELOPMENT DISTRICT