SANDUSKY COUNTY ECONOMIC DEVELOPMENT CORPORATION

EIN: 341424666 501(c)(3)

FREMONT, OH

Total Revenue
$333,391
Total Expenses
$307,517
Total Assets
$481,105
Net Assets
$363,566
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
OH
Principal Officer
BETH HANNAM
Phone
4193322882
Tax Period
2024-01-01 to 2024-12-31

SANDUSKY COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1987, is a small nonprofit that reported $333K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $308K left a modest 8% surplus.

Mission

TO ADVANCE, ENCOURAGE AND PROMOTE THE INDUSTRIAL, ECONOMIC, COMMERCIAL AND RESEARCH DEVELOPMENT OF SANDUSKY COUNTY.

Program Service Accomplishments

Program 1
Expenses: $216,599

TO ADVANCE, ENCOURAGE AND PROMOTE THE INDUSTRIAL, ECONOMIC, COMMERCIAL AND RESEARCH DEVELOPMENT OF SANDUSKY 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $326,278
Program Service Revenue $0
Investment Income $7,113
Other Revenue $0
TOTAL REVENUE $333,391

Expense Breakdown

Grants Paid $0
Salaries & Benefits $208,357
Fundraising Expenses $28,919
Program Expenses $217,729
Other Expenses $99,160
TOTAL EXPENSES $307,517

Year-over-Year Comparison

2024 2023 Change
Revenue $333,391 $365,135 -0.1%
Expenses $307,517 $334,553 -0.1%
Net Income $25,874 $30,582 -0.2%
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
23
Independent Members
23
Employees
N/A
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
$82,490
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETH HANNAM EXECUTIVE DI 40.00
Officer
$82,490 $0 $82,490
HANS ROSEBROCK DIRECTOR 1.00
Director
$0 $0 $0
KENDALL RIEMAN PAST PRESIDE 1.00
Officer Director
$0 $0 $0
BRUCE SCHRADER SECRETARY 1.00
Officer Director
$0 $0 $0
WADE WEAVER 1ST VICE PRE 0.50
Officer Director
$0 $0 $0
PHIL RUDOLPH JR DIRECTOR 0.50
Director
$0 $0 $0
BOB GROSS DIRECTOR 0.50
Director
$0 $0 $0
DR RON SCHUMACHER DIRECTOR 0.50
Director
$0 $0 $0
ROBERT KUSMER DIRECTOR 0.50
Director
$0 $0 $0
ANGIE MORELOCK DIRECTOR 0.50
Director
$0 $0 $0
HAL HAWK DIRECTOR 0.50
Director
$0 $0 $0
DAVE SABO DIRECTOR 0.50
Director
$0 $0 $0
BRIAN GEFFE PRESIDENT 0.50
Director
$0 $0 $0
JUSTIN LABENNE DIRECTOR 0.50
Director
$0 $0 $0
DAVID BENAVIDES 2ND VICE PRE 0.50
Director
$0 $0 $0
TY TRACY DIRECTOR 0.50
Director
$0 $0 $0
KEN SWINT TREASURER 0.50
Director
$0 $0 $0
ROGER KUNS DIRECTOR 0.50
Director
$0 $0 $0
RUSS ZIMMERMAN DIRECTOR 0.50
Director
$0 $0 $0
MARC GLOTZBECKER DIRECTOR 0.50
Director
$0 $0 $0
SCOTT LANG DIRECTOR 0.50
Director
$0 $0 $0
RYAN DELAND DIRECTOR 0.50
Director
$0 $0 $0
JEFF CHOQUETTE DIRECTOR 0.50
Director
$0 $0 $0
TYLER KNEESKERN DIRECTOR 0.50
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 $333,391 $307,517 $481,105 $25,874
2023 $365,135 $334,553 $379,456 $30,582
2022 $286,661 $380,002 $396,812 $-93,341
2021 $336,295 $237,590 $414,460 $98,705
2020 $348,098 $229,016 $348,407 $119,082
2019 $351,944 $230,143 $209,317 $121,801
2018 $322,592 $276,417 $148,011 $46,175
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