HEPPNER ECONOMIC DEVELOPMENT CORP … - 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

2006

Legal Domicile

Principal Officer

KIM CUTSFORTH

Phone

5416769228

Tax Period

2025-01-01 to 2025-12-31

HEPPNER ECONOMIC DEVELOPMENT CORP DBA WILLOW CR VALLEY ECONOMIC DEV GROUP, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $627K in total revenue in fiscal year 2025. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 77% operating deficit.

Mission

ENCOURAGE & SUPPORT THE RETENTION AND EXPANSION OF EXISTING BUSINESSES IN THE HEPPNER, LEXINGTON AND IONE, OREGON AREAS AND TO SUPPORT ECONOMIC GROWTH IN THE LOCAL COMMUNITIES. PROMOTE WORKFORCE HOUSING AS A TOOL FOR ECONOMIC DEVELOPMENT THROUGH HOUSING OPPORTUNITIES AND DIRECT RENTAL HOUSING DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $702,973

SEPARATE GRANTS TO INDIVIDUALS TO REHABILITATE HOUSING AND PROVIDE MORE LIVABLE HOUSING IN THE SERVICE AREA. STIMULATE HOME PURCHASES AND ECONOMIC GROWTH IN THE SERVICE AREA.

Program 2

Expenses: $364,673

COMMUNITY ENHANCEMENT GRANTS OF VARIOUS AMOUNTS TO A VARIETY OF GROUPS, ORGANIZATIONS AND MUNICIPALITIES TO BETTER THE ENVIRONMENT OF THE SERVICE AREA.

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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 (2025)

Revenue Breakdown

Contributions & Grants $626,352

Program Service Revenue $0

Investment Income $595

Other Revenue $0

TOTAL REVENUE $626,947

Expense Breakdown

Grants Paid $1,062,002

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,067,646

Other Expenses $46,423

TOTAL EXPENSES $1,108,425

Year-over-Year Comparison

	2025	2024	Change
Revenue	$626,947	$1,376,130	-0.5%
Expenses	$1,108,425	$1,479,517	-0.3%
Net Income	$-481,478	$-103,387	+3.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM COIL	President	2.00	Officer Director	$0	$0	$0
AMY WOLTERS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARCIA KEMP	Secretary	2.00	Officer Director	$0	$0	$0
MATT JENSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA LINDSAY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN DOHERTY	Treasurer	1.00	Officer Director	$0	$0	$0
JEFF BAILEY	Vice President	1.00	Officer Director	$0	$0	$0
BOB HOWSER	BOARD MEMBER	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
2025	$626,947	$1,108,425	$816,465	$-481,478
2024	$1,376,130	$1,479,517	$1,297,943	$-103,387
2023	$783,109	$951,248	$1,401,330	$-168,139
2022	$597,359	$668,226	$1,572,419	$-70,867
2021	$112,189	$516,230	$1,647,036	$-404,041
2020	$1,299,813	$438,779	$2,049,377	$861,034
2019	$697,844	$636,720	$812,197	$61,124

HEPPNER ECONOMIC DEVELOPMENT CORP DBA WILLOW CR VALLEY ECONOMIC DEV GROUP