COLUMBIA PACIFIC ECONOMIC DEVELOPME

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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

1994

Legal Domicile

Principal Officer

CASEY GARRET

Phone

5033973099

Tax Period

2023-10-01 to 2024-09-30

COLUMBIA PACIFIC ECONOMIC DEVELOPME, founded in 1994, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $220K, a strong 21% operating margin.

Mission

THE COLUMBIA PACIFIC ECONOMIC DEVELOPMENT DISTRICT IS TO DIVERSIFY AND EXPAND THE ECONOMIC BASE OF THE DISTRICT BY ACTIVELY SUPPORTING EXISTING BUSINESSES AND PROMOTING NEW BUSINESS DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $754,105

AS OF SEPTEMBER 30, 2023 COLUMBIA PACIFIC ECONOMIC DEVELOPMENT DISTRICT HAS FINANCED 45 LOANS SINCE THE FUND'S INCEPTION, WITH 1 OUTSTANDING LOAN TOTALING 32,360.57 TO SMALL BUSINESS BORROWERS UNDER THE INTERMEDIARY RELENDING PROGRAM (IRP) OF THE USDA RURAL BUSINESS COOPERATIVE SERVICES. AS OF SEPTEMBER 2023, COLPAC HAS FINANCED 13 LOANS THROUGH THE RURAL BUSINESS ENTERPRISE GRANT (RBEG) PROGRAM. FOLLOWING THE TRANSFER OF 2 LOANS FROM THE IRP FUND TO THE RBEG FUND AND THE ORIGINATION OF AN ADDITIONAL LOAN IN MAY 2023, THE CURRENT OUTSTANDING LOAN AMOUNTS FOR THE RBEG FUND TOTALED 341,083.10. OVERALL, COLPAC HAS HELPED SMALL BUSINESS RETAIN AND CREATE 833 JOBS.COLPAC ACCOMPLISHES ITS MISSION TO DIVERSIFY AND EXPAND THE ECONOMIC BASE BY ACTIVELY SUPPORTING EXISTING BUINESSES AND PROMOTING NEW BUSINESS DEVELOPMENT. WE ALSO ADMINSTER FEDERAL AND PRIVATE PHILANTHROPIC GRANTS, INCLUDING COMMUNITY DEVELOPMENT BLOCK GRANTS FOR SMALL COMMUNTIES WITHOUT EXPERTISE OR CAPACITY. COLPAC ALSO ADMINISTERS TRANSPORTATION AND TRANSITION COMMISSIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $200,774

Program Service Revenue $823,460

Investment Income $823

Other Revenue $11,240

TOTAL REVENUE $1,036,297

Expense Breakdown

Grants Paid $43,478

Salaries & Benefits $332,074

Fundraising Expenses $0

Program Expenses $754,105

Other Expenses $440,285

TOTAL EXPENSES $815,837

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,036,297	$1,441,441	-0.3%
Expenses	$815,837	$1,709,550	-0.5%
Net Income	$220,460	$-268,109	-1.8%

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

Employees

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

$100,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL VOGEL	ED OF COLUMB	40.00	Highest	$153,960	$3,600	$157,560
SARAH LU HEATH	EXECUTIVE DI	40.00	Officer	$93,600	$7,200	$100,800
LIANNE THOMPSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CASEY GARRET	PRESIDENT	1.00	Officer Director	$0	$0	$0
DOUG OLSON	DIRECTOR	1.00	Director	$0	$0	$0
JERRY WILLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDY DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
STEVE WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WALSH	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT JORGENSEN	DIRECTOR	1.00	Director	$0	$0	$0
LIANE WELCH	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN GEORGE	DIRECTOR	1.00	Director	$0	$0	$0
PETER BRANDOM	DIRECTOR	1.00	Director	$0	$0	$0
MARSHA KIRK	DIRECTOR	1.00	Director	$0	$0	$0
FRANK SPENCE	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN FAWCETT	DIRECTOR	1.00	Director	$0	$0	$0
SIERRA LAUDER	DIRECTOR	1.00	Director	$0	$0	$0
PETER ROSCOE	DIRECTOR	1.00	Director	$0	$0	$0
TONY HYDE	DIRECTOR	1.00	Director	$0	$0	$0
JUANITA LINT	DIRECTOR	1.00	Director	$0	$0	$0
JEFF WONG	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER DESART	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN LEAHY	DIRECTOR	1.00	Director	$0	$0	$0
DR PAUL JARRELL	DIRECTOR	1.00	Director	$0	$0	$0
PATTY HAWKINS	DIRECTOR	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
2024	$1,036,297	$815,837	$1,700,811	$220,460
2023	$1,441,441	$1,709,550	$1,435,433	$-268,109
2022	$1,431,635	$1,025,759	$1,575,831	$405,876
2021	$2,960,651	$3,019,305	$1,194,782	$-58,654
2020	$1,193,530	$1,071,306	$1,244,837	$122,224
2019	$372,257	$445,655	$1,500,423	$-73,398
2018	$397,776	$380,699	$1,608,562	$17,077