THE ECONOMIC DEVELOPMENT CORPOR- ATION OF GREENSBURG/DECATUR COUNTY

EIN: 141877073

GREENSBURG, IN

Total Revenue
$395,887
Total Expenses
$219,100
Total Assets
$829,186
Net Assets
$829,186
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
IN
Principal Officer
SCOTT WESSLER
Phone
8122222520
Tax Period
2023-01-01 to 2023-12-31

THE ECONOMIC DEVELOPMENT CORPOR- ATION OF GREENSBURG/DECATUR COUNTY, founded in 2003, is a small nonprofit that reported $396K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $177K, a strong 45% operating margin.

Mission

TO DEVELOP INDUSTRY IN GREENSBURG AND DECATUR COUNTY

Program Service Accomplishments

Program 1

- COORDINATED LOCAL EFFORTS BETWEEN INDUSTRY AND SCHOOL SYSTEMS TO FURTHER ENGAGE FUTURE WORKFORCE AND DRIVE AWARENESS ON OFFERINGS WITHIN OUR COMMUNITY. - ASSISTED IN EXPANDING AND PROMOTING...

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- COORDINATED LOCAL EFFORTS BETWEEN INDUSTRY AND SCHOOL SYSTEMS TO FURTHER ENGAGE FUTURE WORKFORCE AND DRIVE AWARENESS ON OFFERINGS WITHIN OUR COMMUNITY. - ASSISTED IN EXPANDING AND PROMOTING INFRASTRUCTURE TO THE GENERAL COUNTY AS WELL AS TARGETED DEVELOPMENT AREAS, INCLUDING WATER, BROADBAND AND RAIL. - SERVED AS THE COORDINATOR FOR THE REGIONAL ECONOMIC ACCELERATION & DEVELOPMENT INITIATIVE (READI) PROGRAM, WHICH UNITED THE COUNTIES OF DECATUR, RUSH AND SHELBY, AS WELL AS THE CITIES OF BATESVILLE, GREENSBURG, RUSHVILLE AND SHELBYVILLE UNDER THE "ACCELERATE RURAL INDIANA" REGIONAL GROUP. - REPRESENTED THE CITY, COUNTY AND REGION AT EVENTS, SITE SELECTOR INTERVIEWS, AND OTHER BUSINESS RECRUITMENT EFFORTS, BOTH IN PERSON AND ONLINE. - PARTNERED ON QUALITY-OF-LIFE COMMUNITY DEVELOPMENT EFFORTS, INCLUDING FACILITATING MORE HOUSING, EXPANSION OF PARKS AND GREENSPACES, PRESERVATION OF HISTORIC STRUCTURES, AND MARKETING THE COMMUNITY. - ASSISTED IN THE COORDINATION OF THE "MAKE MY MOVES" PROGRAM, WHICH TARGETED SPECIFIC REMOTE WORKERS TO WORK AND LIVE IN THE AREA.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $220,360
Program Service Revenue $173,500
Investment Income $2,027
Other Revenue $0
TOTAL REVENUE $395,887

Expense Breakdown

Grants Paid $0
Salaries & Benefits $137,046
Fundraising Expenses $0
Other Expenses $82,054
TOTAL EXPENSES $219,100

Year-over-Year Comparison

2023 2022 Change
Revenue $395,887 $362,928 +0.1%
Expenses $219,100 $187,708 +0.2%
Net Income $176,787 $175,220 +0.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
19
Independent Members
19
Employees
3
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
4
$0
Total Directors
5
$85,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRYAN ROBBINS EXECUTIVE DI 40.00
Director
$85,000 $0 $85,000
BRETT ABPLANALB VICE PRESIDE 0.25
Officer Director
$0 $0 $0
CHRIS BIERHAUS SECRETARY 0.25
Officer Director
$0 $0 $0
CHRIS BOWER TREASURER 0.25
Officer Director
$0 $0 $0
SCOTT WESSLER PRESIDENT 0.25
Officer Director
$0 $0 $0
N/A DIRECTOR N/A
$0 $0 $0
N/A DIRECTOR N/A
$0 $0 $0
N/A DIRECTOR N/A
$0 $0 $0
N/A DIRECTOR N/A
$0 $0 $0
N/A DIRECTOR N/A
$0 $0 $0
N/A DIRECTOR N/A
$0 $0 $0
N/A DIRECTOR N/A
$0 $0 $0
N/A DIRECTOR N/A
$0 $0 $0
N/A DIRECTOR N/A
$0 $0 $0
RESONAC POWDERED METALS AMERICA INC DIRECTOR N/A
$0 $0 $0
N/A DIRECTOR N/A
$0 $0 $0
N/A DIRECTOR N/A
$0 $0 $0
N/A DIRECTOR N/A
$0 $0 $0
N/A DIRECTOR N/A
$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 No data No data No data No data
2023 $395,887 $219,100 $829,186 $176,787
2022 $362,928 $187,708 $652,399 $175,220
2021 $239,153 $210,550 $477,179 $28,603
2020 $190,594 $170,301 $448,576 $20,293
2019 $206,593 $210,663 $428,283 $-4,070
2018 $176,781 $194,673 $432,353 $-17,892
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