Wyeast Economic Development Institute
Nonprofit profile at a glance
- EIN
- 205922765
- IRS 990-EZ coverage
- 2010–2011
- Forms available
- Form 990-EZ 2011, Form 990-N 2008
- Location
- Portland, OR, USA
- Phone
- 5034458065
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public, Societal Benefit
Reported finances
- Revenue
- $50,500
- Expenses
- $50,500
- Assets
- $65,562
Source: IRS Form 990-EZ. Selected filing: tax year 2011. Amounts in USD.
Leadership & pay
5 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The wy'est economic development institute (the "corporation") mission is to lessen the economic development burden on regional government bodies and to present public forums on economic development.
What it reported doing in 2011
Wy'east economic development institute (the "corporation") is designed to promote the greater portland metropolitan region as a desirable location to conduct business and to strategically recruit companies to invest there. The member-businesses of the corporation believe that to compete in the global market for business recruitment and expansions, the region requires strong, visible, private sector leadership of the process. The corporation is the public benefit platform for businesses to engage in supporting the economic development of the region and relieve some of the burden of government for the same.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% 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. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 39
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 0%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 1.3; rating input score 56; 56th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: -39.8% per year; rating input score 0; 20th percentile among comparable filings
- Revenue growth: -39.7% per year; rating input score 0; 19th percentile among comparable filings
- Asset growth: -31.5% per year; rating input score 0; 16th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $50K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2010 to 2011
- 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.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 47/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 56/100.