REDMOND ECONOMIC DEVELOPMENT INC (EIN 943059506) - Form 990 Financial Analysis & Trantor Score

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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

1987

Legal Domicile

Principal Officer

Steve Curley

Phone

5419235223

Tax Period

2023-07-01 to 2024-06-30

REDMOND ECONOMIC DEVELOPMENT INC, founded in 1987, is a small nonprofit that reported $313K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $297K left a modest 5% surplus.

Mission

STIMULATE ECONOMIC DEVELOPMENT IN THE LOCAL 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 (2023)

Revenue Breakdown

Contributions & Grants $255,978

Program Service Revenue $0

Investment Income $6,704

Other Revenue $50,455

TOTAL REVENUE $313,137

Expense Breakdown

Grants Paid $0

Salaries & Benefits $235,615

Fundraising Expenses $0

Other Expenses $61,839

TOTAL EXPENSES $297,454

Year-over-Year Comparison

	2023	2022	Change
Revenue	$313,137	$278,610	+0.1%
Expenses	$297,454	$290,140	+0.0%
Net Income	$15,683	$-11,530	-2.4%

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

N/A

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

$151,998

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve Curley	Executive Dir.	45.00	Director	$151,998	$0	$151,998
Chris Ritchie	President	3.00	Director	$0	$0	$0
Rick Bailey	Vice President	3.00	Director	$0	$0	$0
Karen Turner	Secretary	3.00	Director	$0	$0	$0
Tim Park	Treasurer	3.00	Director	$0	$0	$0
Bruce Barrett	Director	0.50	Director	$0	$0	$0
Michael Bishop	Director	0.50	Director	$0	$0	$0
Matthew Chancellor	Director	0.50	Director	$0	$0	$0
Charan Cline	Director	0.50	Director	$0	$0	$0
Courtney Cobb	Director	0.50	Director	$0	$0	$0
Jill Cummings	Director	0.50	Director	$0	$0	$0
Kimmie Duncan	Director	0.50	Director	$0	$0	$0
Wendy Every	Director	0.50	Director	$0	$0	$0
Michael Fisher	Director	0.50	Director	$0	$0	$0
Alison Huycke	Director	0.50	Director	$0	$0	$0
Craig Hunt	Director	0.50	Director	$0	$0	$0
Julie Hyer	Director	0.50	Director	$0	$0	$0
LoriAnn Kuhn	Director	0.50	Director	$0	$0	$0
John Nielson	Director	0.50	Director	$0	$0	$0
Phil Chang	Director	0.50	Director	$0	$0	$0
Eric Sande	Director	0.50	Director	$0	$0	$0
Nicole Ramos	Director	0.50	Director	$0	$0	$0
Brandy Snider	Director	0.50	Director	$0	$0	$0
Keith Witcosky	Director	0.50	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	No data	No data	No data	No data
2024	$313,137	$297,454	$326,499	$15,683
2023	$278,610	$290,140	$345,797	$-11,530
2022	$298,380	$200,297	$316,379	$98,083
2021	$254,121	$193,955	$231,834	$60,166

REDMOND ECONOMIC DEVELOPMENT INC