ECONOMIC DEVELOPMENT COALITON OF SOUTHWEST INDIANA INC

EIN: 320152630

EVANSVILLE, IN

Total Revenue
$499,136
Total Expenses
$251,635
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
IN
Principal Officer
J GREGORY WATHEN
Phone
8124232020
Tax Period
2021-01-01 to 2021-03-31

ECONOMIC DEVELOPMENT COALITON OF SOUTHWEST INDIANA INC, founded in 2005, is a small nonprofit that reported $499K in total revenue in fiscal year 2020. Revenue fell 74% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $248K, a strong 50% operating margin.

Mission

ECONOMIC DEVELOPMENT OF THE FOUR SOUTHWEST INDIANA COUNTIES: GIBSON, POSEY, VANDERBURGH AND WARRICK.

Program Service Accomplishments

Program 1

THE ECONOMIC DEVELOPMENT COALITION OF SOUTHWEST INDIANA, WHICH IS THE UMBRELLA ECONOMIC DEVELOPMENT ORGANIZATION FOR GIBSON, POSEY, VANDERBURGH, AND WARRICK COUNTIES IN SOUTHWEST INDIANA. THE...

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THE ECONOMIC DEVELOPMENT COALITION OF SOUTHWEST INDIANA, WHICH IS THE UMBRELLA ECONOMIC DEVELOPMENT ORGANIZATION FOR GIBSON, POSEY, VANDERBURGH, AND WARRICK COUNTIES IN SOUTHWEST INDIANA. THE COALITION FACILITATES AND COORDINATES BUSINESS RETENTION, EXPANSION AND ATTRACTION ACTIVITIES; AND SUPPORTS EFFORTS TO ENHANCE THE BUSINESS CLIMATE THROUGH REGIONAL CAPACITY BUILDING.THE PRIMARY COMMUNITY DEVELOPMENT FUNCTION FOR THE COALITION IS TO BUILD REGIONAL CAPACITY FOR THE FOUR INDIANA COUNTIES OF THE EVANSVILLE, IN-HENDERSON, KY METROPOLITAN AREA. IN PARTICULAR, THE COALITION WILL SERVE AS THE REGIONAL PLANNING ORGANIZATION FOR THE FOUR-COUNTY REGION (GIBSON, POSEY, VANDERBURGH AND WARRICK COUNTIES) FOCUSING ONE HUNDRED PERCENT OF ITS TIME DURING A CALENDAR YEAR ON MANAGING INFRASTRUCTURE AND CAPACITY-BUILDING PROJECTS INCLUDING BUT NOT LIMITED TO SEWER, WATER, BROADBAND, COMMUNITY CENTER, LOW TO MODERATE INCOME HOUSING, ETC., AND BE THE PRIMARY INTERFACE FOR THE REGION WITH THE INDIANA OFFICE FOR COMMUNITY AND RURAL AFFAIRS ALONG WITH THE U.S. ECONOMIC DEVELOPMENT ADMINISTRATION.

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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 (2020)

Revenue Breakdown

Contributions & Grants $499,136
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $499,136

Expense Breakdown

Grants Paid $0
Salaries & Benefits $165,593
Fundraising Expenses $0
Other Expenses $86,042
TOTAL EXPENSES $251,635

Year-over-Year Comparison

2020 2019 Change
Revenue $499,136 $1,909,566 -0.7%
Expenses $251,635 $918,526 -0.7%
Net Income $247,501 $991,040 -0.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
70
Independent Members
70
Employees
6
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
5
$55,383
Total Directors
70
$55,383
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON WILSON DIRECTOR 2.00
Director
$0 $0 $0
REV ADRIAN BROOKS DIRECTOR 2.00
Director
$0 $0 $0
ANN HYNEMAN DIRECTOR 2.00
Director
$0 $0 $0
ARIC PRYOR DIRECTOR 2.00
Director
$0 $0 $0
BETH MCFADIN HIGGINS DIRECTOR 2.00
Director
$0 $0 $0
MAYOR BILL CURTIS DIRECTOR 2.00
Director
$0 $0 $0
BILL GILLENWATER DIRECTOR 2.00
Director
$0 $0 $0
CARL SCHMITZ DIRECTOR 2.00
Director
$0 $0 $0
MAYOR CHARLIE WYATT DIRECTOR 2.00
Director
$0 $0 $0
CHERYL MUSGRAVE DIRECTOR 2.00
Director
$0 $0 $0
CHRIS RUTLEDGE DIRECTOR 2.00
Director
$0 $0 $0
CHRIS WISCHER DIRECTOR 2.00
Director
$0 $0 $0
CHRISTOPHER PIETRUSZKIEWICZ DIRECTOR 2.00
Director
$0 $0 $0
CLAY EWING DIRECTOR 2.00
Director
$0 $0 $0
DAN PAROD DIRECTOR 2.00
Director
$0 $0 $0
DAN SAYLOR DIRECTOR 2.00
Director
$0 $0 $0
DANIELA VIDAL DIRECTOR 2.00
Director
$0 $0 $0
DAVID RECTOR DIRECTOR 2.00
Director
$0 $0 $0
DEREK MCGRAW DIRECTOR 2.00
Director
$0 $0 $0
DR JAMES PORTER DIRECTOR 2.00
Director
$0 $0 $0
EVAN BECK DIRECTOR 2.00
Director
$0 $0 $0
GEORGE MORGAN DIRECTOR 2.00
Director
$0 $0 $0
GREG WATHEN CEO & PRESIDENT 40.00
Officer Director
$50,951 $4,432 $55,383
GREG WRIGHT DIRECTOR 2.00
Director
$0 $0 $0
HOLLY HAWKINS DIRECTOR 2.00
Director
$0 $0 $0
HOWARD NEVINS DIRECTOR 2.00
Director
$0 $0 $0
JSTEVEN MARTIN DIRECTOR 2.00
Director
$0 $0 $0
JAMES SCHIFF DIRECTOR 2.00
Director
$0 $0 $0
JAY HARGIS DIRECTOR 2.00
Director
$0 $0 $0
JEFF BAKER DIRECTOR 2.00
Director
$0 $0 $0
JEFF CLARK DIRECTOR 2.00
Director
$0 $0 $0
JEFF HOWELL DIRECTOR 2.00
Director
$0 $0 $0
JENNA RICHARDT DIRECTOR 2.00
Director
$0 $0 $0
JIM RYAN TREASURER 2.00
Officer Director
$0 $0 $0
JOE KIEFER DIRECTOR 2.00
Director
$0 $0 $0
KARI FLUEGEL DIRECTOR 2.00
Director
$0 $0 $0
KELVIN CANADAY DIRECTOR 2.00
Director
$0 $0 $0
KENNY REINBRECHT DIRECTOR 2.00
Director
$0 $0 $0
KEVIN KOCH DIRECTOR 2.00
Director
$0 $0 $0
KEVIN PASS DIRECTOR 2.00
Director
$0 $0 $0
KIM SEIBERT DIRECTOR 2.00
Director
$0 $0 $0
MAYOR LLYOD WINNECKE DIRECTOR 2.00
Director
$0 $0 $0
MARCO DELUCIO DIRECTOR 2.00
Director
$0 $0 $0
MARILYN BRENTON DIRECTOR 2.00
Director
$0 $0 $0
MARK ISAAC DIRECTOR 2.00
Director
$0 $0 $0
MATTHEW WALLACE DIRECTOR 2.00
Director
$0 $0 $0
MICHELLE HUDSON DIRECTOR 2.00
Director
$0 $0 $0
MIKE SCHOPMEYER DIRECTOR 2.00
Director
$0 $0 $0
MIKE STILWELL DIRECTOR 2.00
Director
$0 $0 $0
MISTY MCCAMMACK DIRECTOR 2.00
Director
$0 $0 $0
PAUL PERRY DIRECTOR 2.00
Director
$0 $0 $0
PAUL WATERS DIRECTOR 2.00
Director
$0 $0 $0
PETE PARADOSSI DIRECTOR 2.00
Director
$0 $0 $0
PHIL WILZBACHER DIRECTOR 2.00
Director
$0 $0 $0
RANDY MILLER DIRECTOR 2.00
Director
$0 $0 $0
RON DEMPSEY DIRECTOR 2.00
Director
$0 $0 $0
RONALD ROCHON DIRECTOR 2.00
Director
$0 $0 $0
RONDA HALE DIRECTOR 2.00
Director
$0 $0 $0
SHELIA NAAB DIRECTOR 2.00
Director
$0 $0 $0
TIM HOLLANDER CHAIR 2.00
Officer Director
$0 $0 $0
STEVE GREENLEY SECRETARY 2.00
Officer Director
$0 $0 $0
STEVE ROELLE DIRECTOR 2.00
Director
$0 $0 $0
TARA BARNEY DIRECTOR 2.00
Director
$0 $0 $0
TIM MASON DIRECTOR 2.00
Director
$0 $0 $0
TOM LYDON DIRECTOR 2.00
Director
$0 $0 $0
TOM SLADE DIRECTOR 2.00
Director
$0 $0 $0
KEN MONTGOMERY DIRECTOR 2.00
Director
$0 $0 $0
ASH TITZER DIRECTOR 2.00
Officer Director
$0 $0 $0
DR JC CAMPBELL DIRECTOR 2.00
Director
$0 $0 $0
RON BACON DIRECTOR 2.00
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
2021 $499,136 $251,635 No data $247,501
2020 $1,909,566 $918,526 $1,723,462 $991,040
2019 $1,210,069 $1,108,898 $990,661 $101,171
2018 $1,402,725 $1,271,901 $806,024 $130,824
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