STRATEGIC ECONOMIC DEVELOPMENT CORPORATION OF THE MID-WILLAMETTE VALLEY

EIN: 930810393

SALEM, OR

Total Revenue
$1,381,400
Total Expenses
$1,483,249
Total Assets
$841,789
Net Assets
$761,512
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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
OR
Principal Officer
TONY SCHACHER
Phone
5035886225
Tax Period
2024-07-01 to 2025-06-30

STRATEGIC ECONOMIC DEVELOPMENT CORPORATION OF THE MID-WILLAMETTE VALLEY, founded in 1982, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

SEDCOR (STRATEGIC ECONOMIC DEVELOPMENT CORPORATION) IS A NONPROFIT ORGANIZATION WORKING WITH PRIVATE AND PUBLIC PARTNERS TO ENHANCE AND DIVERSIFY THE MID-WILLAMETTE VALLEY ECONOMY. SINCE 1982, SEDCOR HAS BUILT AND STRENGTHENED POSITIVE AND PRODUCTIVE PARTNERSHIPS WITH INDUSTRY LEADERS, NONPROFITS, BUSINESS ADVOCACY GROUPS, COMMUNITY ORGANIZATIONS, EDUCATIONAL INSTITUTIONS, STATE AND FEDERAL AGENCIES, LOCAL GOVERNMENTS, AND MORE. SEDCOR'S DRIVE TO GROW AND SHOWCASE ECONOMIC DEVELOPMENT IN MARION, POLK AND YAMHILL COUNTIES IS WITH A SINGULAR FOCUS: BRING TRADED SECTOR JOBS AND WEALTH TO THE LOCAL ECONOMY. SEDCOR'S MISSION IS 'OPPORTUNITY AND IT IS BUILT ON THE FOUNDING VALUES TO: LISTEN FIRST; THINK OUTSIDE THE BOX; ACT WITH AGILITY; AND BUILD TO LAST. THIS IS DONE BY THOUGHTFULLY CULTIVATING RELATIONSHIPS AND COLLABORATING WITH PARTNERS ACROSS SECTORS TO RETAIN AND ATTRACT HIGH VALUE JOBS AND CAPITAL INVESTMENT, WHILE PROVIDING MEMBER SERVICES THAT SUPPORT BUSINESS SUCCESS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $726,301
Program Service Revenue $630,915
Investment Income $23,989
Other Revenue $195
TOTAL REVENUE $1,381,400

Expense Breakdown

Grants Paid $0
Salaries & Benefits $634,615
Fundraising Expenses $0
Program Expenses $1,225,884
Other Expenses $848,634
TOTAL EXPENSES $1,483,249

Year-over-Year Comparison

2024 2023 Change
Revenue $1,381,400 $1,216,662 +0.1%
Expenses $1,483,249 $4,218,535 -0.6%
Net Income $-101,849 $-3,001,873 -1.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
5
Volunteers
5

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
5
$177,885
Total Directors
43
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATE SCHWARZLER IMMEDIATE PAST CHAIR 1.00
Officer Director
$0 $0 $0
RYAN ALBRITTON CHAIR 1.00
Officer Director
$0 $0 $0
TIMOTHY MURPHY TREASURER 1.00
Officer Director
$0 $0 $0
J MICHAEL KEANE EXECUTIVE COUNCIL - DIRECT 1.00
Director
$0 $0 $0
TONY SCHACHER VICE CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL FOWLER EXECUTIVE COUNCIL - DIRECT 1.00
Director
$0 $0 $0
SCOTT SNYDER EXECUTIVE COUNCIL - DIRECT 1.00
Director
$0 $0 $0
ERIK FRISK DIRECTOR 0.25
Director
$0 $0 $0
COLM WILLIS EXECUTIVE COUNCIL - DIRECT 1.00
Director
$0 $0 $0
MARIN ARREOLA DIRECTOR 0.25
Director
$0 $0 $0
CURT ARTHUR DIRECTOR 0.25
Director
$0 $0 $0
RICARDO BAEZ DIRECTOR 0.25
Director
$0 $0 $0
ROXANNE BELTZ DIRECTOR 0.25
Director
$0 $0 $0
SANDI GORDON DIRECTOR 0.25
Director
$0 $0 $0
JULIE HOY DIRECTOR 0.25
Director
$0 $0 $0
DAVID BRIGGS DIRECTOR 0.25
Director
$0 $0 $0
CURT HYLAND DIRECTOR 0.25
Director
$0 $0 $0
CATHY CLARK DIRECTOR 0.25
Director
$0 $0 $0
JACQUELINE CROSBY DIRECTOR 0.25
Director
$0 $0 $0
BRENT DEHART DIRECTOR 0.25
Director
$0 $0 $0
TONY EAQUINTO DIRECTOR 0.25
Director
$0 $0 $0
JULI FOSCOLI DIRECTOR 0.25
Director
$0 $0 $0
NATHAN GOOD DIRECTOR 0.25
Director
$0 $0 $0
MATT STURZEN DIRECTOR 0.25
Director
$0 $0 $0
JESSICA HOWARD DIRECTOR 0.25
Director
$0 $0 $0
KENT KAUFMAN DIRECTOR 0.25
Director
$0 $0 $0
JENNIFER LARSEN MORROW DIRECTOR 0.25
Director
$0 $0 $0
RYAN MOSGROVE DIRECTOR 0.25
Director
$0 $0 $0
KIM PARKER-LLERENAS DIRECTOR 0.25
Director
$0 $0 $0
JAMES PARR DIRECTOR 0.25
Director
$0 $0 $0
CRAIG POPE DIRECTOR 0.25
Director
$0 $0 $0
RYAN RASMUSSEN DIRECTOR 0.25
Director
$0 $0 $0
MARK RAUM DIRECTOR 0.25
Director
$0 $0 $0
DAVID RHEINHOLDT DIRECTOR 0.25
Director
$0 $0 $0
SAMANTHA RIDDERBUSCH DIRECTOR 0.25
Director
$0 $0 $0
SCOTT SALAZAR DIRECTOR 0.25
Director
$0 $0 $0
LIZ SCHAECHER DIRECTOR 0.25
Director
$0 $0 $0
ZACHARY SIELICKY DIRECTOR 0.25
Director
$0 $0 $0
RENATA WAKELEY DIRECTOR 0.25
Director
$0 $0 $0
CYRUS WARD DIRECTOR 0.25
Director
$0 $0 $0
RICH DUNCAN EMERITUS COMMITTEE 0.25
Director
$0 $0 $0
MARK HOYT EMERITUS COMMITTEE 0.25
Director
$0 $0 $0
DARYL KNOX EMERITUS COMMITTEE 0.25
Director
$0 $0 $0
ERIK ANDERSSON PRESIDENT 40.00
Officer
$159,940 $17,945 $177,885
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 $1,381,400 $1,483,249 $841,789 $-101,849
2024 $1,216,662 $4,218,535 $1,002,692 $-3,001,873
2023 $4,168,737 $1,203,208 $4,231,471 $2,965,529
2022 $1,197,091 $1,072,799 $899,705 $124,292
2021 $1,145,012 $962,895 $775,413 $182,117
2020 $661,631 $754,779 $593,297 $-93,148
2019 $810,501 $756,428 $701,163 $54,073
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