Northwest Agriculture Business Center

Nonprofit profile at a glance

EIN
830449496
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Mount Vernon, WA, USA
Phone
3603363727
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Agricultural Programs

Official website

Reported finances

Revenue
$2,719,416
Expenses
$2,546,362
Assets
$877,487
Liabilities
$362,300

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • MICHAEL PERONI (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MICHAEL PERONI (EXECUTIVE DIRECTOR): $139,560 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Nabc's mission is to inspire success, foster cooperation, and advance the economic vitality of agriculture in rural western Washington by providing expertise, resources, and business technical services to agricultural enterprises.

What it reported doing in 2024

Rural cooperative development: nabc assists individuals and entities in the development, expansion, and operational improvement of rural businesses, specifically cooperatives and mutually owned businesses. These services focus on strategies to support a rural workforce, provide for economic development, and improve the quality of life for residents of rural western Washington state.nabc's goals focus on strengthening the local food system and improving the economic condition of rural areas by working with diverse groups of farming cooperatives and producers throughout western Washington. Nabc has facilitated the development of critical infrastructure to provide access to new markets for rural producers; introduced producers to federal, state, and local assistance programs; provided technical assistance to access these programs; and created new food assistance programs that source food from local producers.infrastructure development is a major component of this work. Nabc supports regional efforts to increase meat processing and has a leadership role in the development of a regional grain economy based on establishing grain storage and rail transload infrastructure in southwest Washington.

Operating model

Revenue model
Grant-funded. 83% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 96% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 94
  • Accountability: 90
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.8%; rating input score 71
  • Program expense ratio: 75.6%; rating input score 76
  • Fundraising efficiency: $115.15 raised per $1 spent on fundraising; rating input score 88; 88th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • 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: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 6.4%; rating input score 54; 54th percentile among comparable filings
  • Total-asset coverage ratio: 0.34; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: 0.41; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 5.5%; rating input score 50; 50th percentile among comparable filings

Growth

  • Program expense growth: 3.8% per year; rating input score 100; 32nd percentile among comparable filings
  • Revenue growth: 5.9% per year; rating input score 100; 47th percentile among comparable filings
  • Asset growth: 6.7% per year; rating input score 100; 43rd percentile among comparable filings

Details

  • Where the money goes: 70.8% of revenue deployed · 75.6% of spending went to programs
  • Governance: 8 of 8 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $1.9M in reported program spending
  • Leadership: top reported pay $140K · 10 people listed
  • Consistency: 37 of 37 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • Review — Sustainability: Operating margin scored 54/100.
  • High — Sustainability: Liabilities to assets ratio scored 26/100.
  • Review — Sustainability: Officer compensation ratio scored 50/100.