Economic Development Board for Tacoma-Pierce County
Legal name: Economic Development Board for Tacoma/pierce County
Nonprofit profile at a glance
- EIN
- 911040355
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Tacoma, WA, US
- Phone
- 2533834726
- Rating confidence
- Limited
Reported finances
- Revenue
- $1,359,269
- Expenses
- $1,703,537
- Assets
- $2,641,254
- Liabilities
- $70,128
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
57 people listed
Executive titles in this filing
- BRUCE KENDALL (PRESIDENT & CEO)
- MICHAEL CATSI (CEO)
Highest reported compensation
- BRUCE KENDALL (PRESIDENT & CEO): $225,798 total reported compensation
- SARAH BONDS (VP OF BUSINESS RECRUITMENT): $186,367 total reported compensation
- MADALAIN MERTON (VP OF BUSINESS RETENTION): $184,953 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Economic Development Board for Tacoma-Pierce County (EDB) unites business leaders from across the region to advance, amplify and advocate for Pierce County businesses.
What it reported doing in 2024
4b. Business retention and expansionthe edb supports existing businesses in tacoma-pierce county to help them remain competitive and grow. Staff conduct regular outreach to local employers to identify challenges, opportunities, and resource needs. The edb assists with expansion planning, workforce development, permitting navigation, and access to state or local incentives, helping to maintain and increase employment in the region.
Operating model
- Revenue model
- Donor-supported. 86% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 68
- Accountability: 72
- Sustainability: 27
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 87.5%; rating input score 88; 3rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 33
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -25.3%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 1.55; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 60; 60th percentile among comparable filings
- Officer compensation ratio: 59.3%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 1.3% per year; rating input score 100; 20th percentile among comparable filings
- Asset growth: -0.9% per year; rating input score 0; 15th percentile among comparable filings
Details
- What they do: 6 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 44 of 44 board members independent · 3 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $226K · 57 people listed · 2 of 6 pay-setting controls reported
- Consistency: 10 of 11 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Sustainability: Operating margin scored 7/100.
- High — Growth: Asset growth scored 0/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.
- High — Sustainability: Officer compensation ratio scored 1/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.