VILAS COUNTY ECONOMIC DEVELOPMENT CORPOR (EIN 270492816) - 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

2009

Legal Domicile

Principal Officer

KATHLEEN SCHMITZ

Phone

7153370061

Tax Period

2023-01-01 to 2023-12-31

VILAS COUNTY ECONOMIC DEVELOPMENT CORPOR, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $245K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $60K, a strong 24% operating margin.

Mission

RECRUIT BUSINESSES TO VILAS COUNTY AND TO HELP EXISTING BUSINESSES TO EXPAND THEIR OPERATIONS WITHIN THE COUNTY

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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 (2023)

Revenue Breakdown

Contributions & Grants $235,694

Program Service Revenue $0

Investment Income $9,024

Other Revenue $75

TOTAL REVENUE $244,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,560

Fundraising Expenses $21,489

Program Expenses $121,707

Other Expenses $57,637

TOTAL EXPENSES $185,197

Year-over-Year Comparison

	2023	2022	Change
Revenue	$244,793	$199,246	+0.2%
Expenses	$185,197	$189,189	0.0%
Net Income	$59,596	$10,057	+4.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH MUEHLBACH	DIRECTOR	1.00	Director	$0	$0	$0
TY ERICKSON	DIRECTOR	1.00	Director	$0	$0	$0
BRAD GAUTHIER	DIRECTOR	1.00	Director	$0	$0	$0
PATTY KRARUP	DIRECTOR	1.00	Director	$0	$0	$0
NOAH LOTTIG	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM NIEMUTH	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN RITTER	DIRECTOR	1.00	Director	$0	$0	$0
KELLY COOPER	DIRECTOR	1.00	Director	$0	$0	$0
PETER MOUW	DIRECTOR	1.00	Director	$0	$0	$0
JAMES TUCKWELL	CHAIRMAN	20.00	Officer	$0	$0	$0
RICHARD NELSON	VICE CHAIR	1.00	Officer	$0	$0	$0
JON CHAMBERLAIN	TREASURER	2.00	Officer	$0	$0	$0
ELIZABETH DUEMMEL	SECRETARY	1.00	Officer	$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
2023	$244,793	$185,197	$210,246	$59,596

VILAS COUNTY ECONOMIC DEVELOPMENT CORPOR