WAYNE ECONOMIC DEVELOPMENT COUNCIL INC (EIN 341686471) - 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

1991

Legal Domicile

Principal Officer

EDDIE STEINER

Phone

3302642411

Tax Period

2023-01-01 to 2023-12-31

WAYNE ECONOMIC DEVELOPMENT COUNCIL INC, founded in 1991, is a small nonprofit that reported $716K in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $626K left a modest 13% surplus.

Mission

TO MAXIMIZE THE DEVELOPMENT & UTILIZATION OF THE HUMAN & ECONOMIC RESOURCES OF WAYNE COUNTY IN ORDER TO CREATE OR PRESERVE JOBS & EMPLOYMENT OPPORTUNITIES & IMPROVE THE WELFARE OF PEOPLE OF THE AREA.

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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 $694,250

Program Service Revenue $19,820

Investment Income $2,166

Other Revenue $0

TOTAL REVENUE $716,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $362,020

Fundraising Expenses $6,199

Program Expenses $481,849

Other Expenses $263,771

TOTAL EXPENSES $625,791

Year-over-Year Comparison

	2023	2022	Change
Revenue	$716,236	$489,151	+0.5%
Expenses	$625,791	$645,225	0.0%
Net Income	$90,445	$-156,074	-1.6%

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

$158,556

Total Directors

$158,556

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIBETH BURNS	PRESIDENT	40.00	Officer Director	$146,665	$11,891	$158,556
LESLEY MAST	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JEFF SCHWARTZ	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
DON NOBLE	PAST CHAIRMAN	2.00	Officer Director	$0	$0	$0
EDDIE STEINER	TREASURER	2.00	Officer Director	$0	$0	$0
RANDY KITZMILLER	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN TRENT	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN NICHOLAS	BOARD MEMBER	2.00	Director	$0	$0	$0
LYNN MOOMAW	BOARD MEMBER	2.00	Director	$0	$0	$0
KURT STEINER	BOARD MEMBER	2.00	Director	$0	$0	$0
BOB BRENEMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVE HANDWERK	BOARD MEMBER	2.00	Director	$0	$0	$0
BILL ROBERTSON	BOARD MEMBER	2.00	Director	$0	$0	$0
RON AMSTUTZ	BOARD MEMBER	2.00	Director	$0	$0	$0
BEN MAIBACH	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE TOTH	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$716,236	$625,791	$277,419	$90,445
2022	$489,151	$645,225	$186,574	$-156,074
2021	$548,248	$546,528	$340,461	$1,720
2020	$561,646	$480,967	$341,273	$80,679
2019	$635,141	$561,646	$270,556	$73,495
2018	$557,352	$655,844	$182,197	$-98,492

WAYNE ECONOMIC DEVELOPMENT COUNCIL INC