SHEBOYGAN COUNTY ECONOMIC DEVELOPMENT CORPORATION FOUNDATION

EIN: 271707068 501(c)(3) Community Improvement

SHEBOYGAN, WI

Total Revenue
$1,142,066
Total Expenses
$61
Total Assets
$1,245,794
Net Assets
$1,200,695
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
WI
Principal Officer
BRIAN DOUDNA
Phone
9204522479
Tax Period
2023-01-01 to 2023-12-31

SHEBOYGAN COUNTY ECONOMIC DEVELOPMENT CORPORATION FOUNDATION, founded in 2010, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $1.1M, a strong 100% operating margin.

Mission

THE MISSION OF THE SHEBOYGAN COUNTY ECONOMIC DEVELOPMENT CORPORATION FOUNDATION, A COUNTYWIDE PRIVATE/PUBLIC PARTNERSHIP, IS TO LEAD DIVERSIFIED ECONOMIC & COMMUNITY DEVELOPMENT EFFORTS IN ORDER TO IMPROVE THE LONG TERM PROSPERITY OF THE BUSINESS COMMUNITY AND RESIDENTS OF SHEBOYGAN COUNTY AND TO SUPPORT THE SHEBOYGAN COUNTY ECONOMIC DEVELOPMENT CORPORATION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,757,470
Program Service Revenue $0
Investment Income $-615,910
Other Revenue $506
TOTAL REVENUE $1,142,066

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $61
TOTAL EXPENSES $61

Year-over-Year Comparison

2023 2022 Change
Revenue $1,142,066 $-1,409,077 -1.8%
Expenses $61 $203,150 -1.0%
Net Income $1,142,005 $-1,612,227 -1.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
$126,702
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN DOUDNA EXECUTIVE DI 1.00
Officer
$0 $0 $126,702
DAVID ALDAG DIRECTOR 1.00
Director
$0 $0 $0
BOB WERNER DIRECTOR 1.00
Director
$0 $0 $0
JODI SCHOERNER SECRETARY/TR 1.00
Officer Director
$0 $0 $0
PAUL CARLSEN DIRECTOR 1.00
Director
$0 $0 $0
GARY DULMES VICE CHAIR 1.00
Officer Director
$0 $0 $0
DON HAMMOND CHAIR 1.00
Officer Director
$0 $0 $0
TOM LIEBL DIRECTOR 1.00
Director
$0 $0 $0
CASEY BRADLEY DIRECTOR 1.00
Director
$0 $0 $0
BETH BORGEN DIRECTOR 1.00
Director
$0 $0 $0
LOUIE GENTINE DIRECTOR 1.00
Director
$0 $0 $0
ALAYNE KRAUSE DIRECTOR 1.00
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
2024 No data No data No data No data
2023 $1,142,066 $61 $1,245,794 $1,142,005
2022 $-1,409,077 $203,150 $58,690 $-1,612,227
2021 $231,933 $233,628 $2,204,503 $-1,695
2020 $220,924 $207,606 $2,337,378 $13,318
2019 $293,453 $296,231 $2,498,684 $-2,778
2018 $621,328 $435,191 $2,642,164 $186,137
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