WOOD COUNTY ECONOMIC DEVELOPMENT C… - Form 990 Financial Data

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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

1993

Legal Domicile

Principal Officer

ROB GRAHAM

Phone

4193527469

Tax Period

2024-01-01 to 2024-12-31

WOOD COUNTY ECONOMIC DEVELOPMENT COMMISS, founded in 1993, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. The organization ran a surplus of $648K, a strong 63% operating margin.

Mission

ECONOMIC DEVELOPMENT FOR WOOD COUNTY AND COMMUNITIES THEREIN

Program Service Accomplishments

Program 1

Expenses: $381,053

BY PROVIDING TECHNICAL ASSISTANCE TO WOOD COUNTY COMPANIES AND COMMUNITIES, THE COMMISSION FACILITATED IN THE CREATION OR RETENTION OF MORE THAN 750 JOBS, AS WELL AS MORE THAN $200 MILLION IN NEW...

BY PROVIDING TECHNICAL ASSISTANCE TO WOOD COUNTY COMPANIES AND COMMUNITIES, THE COMMISSION FACILITATED IN THE CREATION OR RETENTION OF MORE THAN 750 JOBS, AS WELL AS MORE THAN $200 MILLION IN NEW INVESTMENTS IN 2024.

Program 2

N/A

Program 3

N/A

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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 (2024)

Revenue Breakdown

Contributions & Grants $785,088

Program Service Revenue $27,000

Investment Income $80,027

Other Revenue $137,292

TOTAL REVENUE $1,029,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $208,186

Fundraising Expenses $0

Program Expenses $381,053

Other Expenses $172,867

TOTAL EXPENSES $381,053

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,029,407	$1,024,712	+0.0%
Expenses	$381,053	$776,228	-0.5%
Net Income	$648,354	$248,484	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROB GRAHAM	PRESIDENT	1.00	Officer Director	$0	$0	$0
LANE WILLIAMSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
EMMA HELVEY	SECRETARY	1.00	Officer Director	$0	$0	$0
JERRY GREINER	TREASURER	1.00	Officer Director	$0	$0	$0
RYAN DELANY	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
REX HUFFMAN	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
DOUG MILLER	PAST PRESIDENT	1.00	Director	$0	$0	$0
CARRI STANLEY	EX OFFICIO	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	$1,029,407	$381,053	$3,318,995	$648,354
2023	$1,024,712	$776,228	$2,846,482	$248,484
2022	$1,128,791	$892,518	$2,762,855	$236,273
2021	$922,933	$975,187	$2,216,346	$-52,254
2020	$612,610	$662,037	$2,264,984	$-49,427
2019	$729,319	$543,952	$2,322,643	$185,367
2018	$888,510	$996,357	$2,137,514	$-107,847

WOOD COUNTY ECONOMIC DEVELOPMENT COMMISS