KLAMATH CO ECONOMIC DEVELOPMENT AS… - Form 990 Financial Data

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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

1975

Legal Domicile

Principal Officer

RANDY COX

Phone

5418829600

Tax Period

2024-07-01 to 2025-06-30

KLAMATH CO ECONOMIC DEVELOPMENT ASSN, founded in 1975, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 23% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE NEW AND EXISTING BUSINESS DEVELOPMENT IN SOUTHERN OREGON.

Program Service Accomplishments

Program 1

Expenses: $1,898,745 Revenue: $1,787,567

PROMOTE ECONOMIC DEVELOPMENT IN NEW AND EXISTING INDUSTRIES IN KLAMATH COUNTY, OREGON

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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 $1,693,026

Program Service Revenue $0

Investment Income $41,641

Other Revenue $64,698

TOTAL REVENUE $1,799,365

Expense Breakdown

Grants Paid $1,639,794

Salaries & Benefits $427,628

Fundraising Expenses $30,122

Program Expenses $1,898,745

Other Expenses $138,281

TOTAL EXPENSES $2,205,703

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,799,365	$2,363,676	-0.2%
Expenses	$2,205,703	$1,305,957	+0.7%
Net Income	$-406,338	$1,057,719	-1.4%

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

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
LAUREN JESPERSEN	DIRECTOR	1.00	Director	$0	$0	$0
MARK WENDT	DIRECTOR	1.00	Director	$0	$0	$0
DERRICK DEGROOT	DIRECTOR	1.00	Director	$0	$0	$0
MATT HURLEY	DIRECTOR	1.00	Director	$0	$0	$0
RANDY SHAW	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHAD OLNEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JONATHAN TEICHERT	DIRECTOR	1.00	Director	$0	$0	$0
TODD ANDRES	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG HUNTSMAN	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE BLACKBURN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE VINCENT	DIRECTOR	1.00	Director	$0	$0	$0
BILL LYNCH	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL TAPPAN	DIRECTOR	1.00	Director	$0	$0	$0
SANJAY PATEL	DIRECTOR	1.00	Director	$0	$0	$0
JON DRESSEL	DIRECTOR	1.00	Director	$0	$0	$0
STACY ELLINGSTON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CAUBLE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERTO GUTIERREZ	DIRECTOR	1.00	Director	$0	$0	$0
MATT BOGATAY	DIRECTOR	1.00	Director	$0	$0	$0
AL PRANGHOFER	DIRECTOR	1.00	Director	$0	$0	$0
TERRY SCROGGIN	TREASURER	1.00	Officer Director	$0	$0	$0
KENDALL ALEXANDER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MORTIZ	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BOCCHI	DIRECTOR	1.00	Director	$0	$0	$0
BRIENNE HUMPHREY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DELANEY	DIRECTOR	1.00	Director	$0	$0	$0
BILL GILMORE	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY WENDT	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON YORK	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DONARSKI	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS O'GRADY	DIRECTOR	1.00	Director	$0	$0	$0
RANDY SHOW	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY WOOD	DIRECTOR	1.00	Director	$0	$0	$0
RON STEWART	DIRECTOR	1.00	Director	$0	$0	$0
ERIK STEIMLE	DIRECTOR	1.00	Director	$0	$0	$0
JILL RUSSEL	DIRECTOR	1.00	Director	$0	$0	$0
CRISTY RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL TAVEL	DIRECTOR	1.00	Director	$0	$0	$0
KEN FINCHER	SECRETARY	1.00	Officer	$0	$0	$0
RANDY COX	MANAGER/OFFICER	40.00	Highest	$222,492	$0	$222,492

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
2025	$1,799,365	$2,205,703	$2,651,915	$-406,338
2024	$2,351,160	$1,305,957	$3,044,118	$1,045,203
2023	$788,865	$1,004,096	$1,999,693	$-215,231
2022	$1,702,886	$963,122	$2,225,243	$739,764
2021	$552,635	$456,878	$743,629	$95,757
2020	$636,945	$468,404	$661,132	$168,541
2020	$636,945	$468,125	$661,131	$168,820
2019	$543,488	$393,810	$505,572	$149,678

KLAMATH CO ECONOMIC DEVELOPMENT ASSN