LANGLADE COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 262179693) - 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

2007

Legal Domicile

Principal Officer

TAMMY WALRATH

Phone

7156232085

Tax Period

2024-01-01 to 2024-12-31

LANGLADE COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $429K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $367K left a modest 15% surplus.

Mission

THE PURPOSE FOR THE LANGLADE COUNTY ECONOMIC DEVELOPMENT CORPORATION IS EXCLUSIVELY FOR THE CIVIC BETTERMENT AND ECONOMIC DEVELOPMENT OF LANGLADE COUNTY, WISCONSIN, THROUGH THE ATTRACTION AND EXPANSION OF NEW AND EXISTING INDUSTRIAL, RECREATIONAL AND COMMERCIAL ENTERPRISES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $276,369

Program Service Revenue $120,057

Investment Income $27,685

Other Revenue $5,302

TOTAL REVENUE $429,413

Expense Breakdown

Grants Paid $9,000

Salaries & Benefits $195,248

Fundraising Expenses $0

Program Expenses $337,674

Other Expenses $162,877

TOTAL EXPENSES $367,125

Year-over-Year Comparison

	2024	2023	Change
Revenue	$429,413	$391,544	+0.1%
Expenses	$367,125	$373,243	0.0%
Net Income	$62,288	$18,301	+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

Employees

Volunteers

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

$85,599

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA CLOSE	EXECUTIVE DI	40.00	Officer	$75,876	$9,723	$85,599
THOMAS BAUKNECHT	DIRECTOR	0.40	Director	$0	$0	$0
SARAH KOSZAREK	VICE-PRESIDE	0.35	Officer Director	$0	$0	$0
WARREN WAGNER	SECRETARY/TR	0.08	Officer Director	$0	$0	$0
DILLON GRETZINGER	DIRECTOR	0.45	Director	$0	$0	$0
TAMMY WALRATH	PRESIDENT	0.25	Officer Director	$0	$0	$0
LYNN D'AMATO	DIRECTOR	0.45	Director	$0	$0	$0
FRED WESTPHAL	DIRECTOR	0.25	Director	$0	$0	$0
JOEL ZALEWSKI	DIRECTOR	0.25	Director	$0	$0	$0
ANDREW HESSEDAL	DIRECTOR	0.15	Director	$0	$0	$0
STEVE MAIER	DIRECTOR	0.05	Director	$0	$0	$0
TIM KASSIS	DIRECTOR	0.25	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	$429,413	$367,125	$915,557	$62,288
2023	$391,544	$373,243	$872,089	$18,301
2022	$310,636	$362,757	$863,068	$-52,121
2021	$248,468	$296,398	$815,613	$-47,930
2020	$884,382	$240,948	$861,092	$643,434
2019	$190,671	$225,589	$213,223	$-34,918
2018	$198,915	$200,959	$248,130	$-2,044

LANGLADE COUNTY ECONOMIC DEVELOPMENT CORPORATION