PORT OF BANDON ECONOMIC DEVELOPMEN… - 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

1995

Legal Domicile

Principal Officer

WAYNE BUTLER

Phone

5414045637

Tax Period

2022-01-01 to 2022-12-31

PORT OF BANDON ECONOMIC DEVELOPMENT FUND, founded in 1995, is a micro nonprofit that reported $29K in total revenue in fiscal year 2022. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $27K left a modest 9% surplus.

Mission

ADMINISTRATION OF THE INTERMEDIARY RELENDING PROGRAM OF THE USDA RURAL DEVELOPMENT BUSINESS-COOPERATIVE SERVICE

Program Service Accomplishments

Program 1

Expenses: $6,415

INTERMEDIARY RELENDING PROGRAM: THE PURPOSE OF THIS PROGRAM IS TO SUPPORT THE ECONOMIC GROWTH AND HEALTH OF BANDON, OR, AND SURROUNDING AREAS BY PROVIDING FINANCIAL ASSISTANCE FOR COMMUNITY...

INTERMEDIARY RELENDING PROGRAM: THE PURPOSE OF THIS PROGRAM IS TO SUPPORT THE ECONOMIC GROWTH AND HEALTH OF BANDON, OR, AND SURROUNDING AREAS BY PROVIDING FINANCIAL ASSISTANCE FOR COMMUNITY DEVELOPMENT PROJECTS, THE ESTABLISHMENT OF NEW BUSINESSES, EXPANSION OF EXISTING BUSINESSES, CREATION OF EMPLOYMENT OPPORTUNITES, AND SAVING EXISTING JOBS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $29,217

Other Revenue $0

TOTAL REVENUE $29,217

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,415

Other Expenses $26,599

TOTAL EXPENSES $26,599

Year-over-Year Comparison

	2022	2021	Change
Revenue	$29,217	$83,854	-0.7%
Expenses	$26,599	$35,588	-0.3%
Net Income	$2,618	$48,266	-0.9%

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

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
WADE LESTER	DIRECTOR	1.00	Director	$0	$0	$0
WALT DODRILL	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE BUTLER	DIRECTOR	1.00	Officer Director	$0	$0	$0
BRYAN IBACH	DIRECTOR	1.00	Director	$0	$0	$0
KAYCE MCGILVERY	DIRECTOR	1.00	Director	$0	$0	$0
RICK GOCHE	DIRECTOR	1.00	Director	$0	$0	$0
JILL HALLIBURTON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DONNY GODDARD	PRESIDENT	1.00	Officer Director	$0	$0	$0
PETER BRAUN	SECRETARY	1.00	Officer Director	$0	$0	$0
REG PULLEN	TREASURER	1.00	Officer 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
2022	$29,217	$26,599	No data	$2,618
2021	$83,854	$35,588	$1,098,678	$48,266
2020	$87,770	$33,465	$1,452,014	$54,305
2019	$73,690	$153,197	$1,457,684	$-79,507
2018	$113,763	$37,381	$1,595,246	$76,382

PORT OF BANDON ECONOMIC DEVELOPMENT FUND