BELOIT 2020 CORPORATION

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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

1990

Legal Domicile

Principal Officer

DON O'DAY

Phone

6082890787

Tax Period

2025-01-01 to 2025-12-31

BELOIT 2020 CORPORATION, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $294K in total revenue in fiscal year 2025. Revenue decreased 18% compared to the prior year. Expenses of $383K exceeded revenue, resulting in a 30% operating deficit.

Mission

CIVIC IMPROVEMENTS - BELOIT, WI RIVERFRONT, CONFLUENCE, CITY CENTER AND OTHER COMMUNITY PROJECTS.

Program Service Accomplishments

Program 1

Expenses: $56,472

FUNDS WERE EXPENDED TO CONTINUE THE NATURE AT THE CONFLUENCE ACTIVITIES IN SOUTH BELOIT.

Program 2

Expenses: $75,000

CONTRIBUTION TO ACTS HOUSING TOWARD OPERATIONS FOR PROGRAM TO PURCHASE, REHABILITATE AND RESELL BELOIT HOUSING TO QUALIFIED INDIVIDUALS.

Program 3

Expenses: $71,928

CONTRIBUTIONS FOR THE BENFEFIT OF THE CITY OF SOUTH BELOIT IN CONNECTION WITH - ACQUATICS FEASIBILITY STUDY FOR THE COMMUNITY - 31,928 GATEWAY MASTER PLAN - 40,000

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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 (2025)

Revenue Breakdown

Contributions & Grants $221,504

Program Service Revenue $0

Investment Income $71,423

Other Revenue $1,001

TOTAL REVENUE $293,928

Expense Breakdown

Grants Paid $207,150

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $240,490

Other Expenses $175,528

TOTAL EXPENSES $382,678

Year-over-Year Comparison

	2025	2024	Change
Revenue	$293,928	$358,017	-0.2%
Expenses	$382,678	$199,701	+0.9%
Net Income	$-88,750	$158,316	-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

N/A

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

$48,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERRY FRANK	CEO	35.00	Director	$48,000	$0	$48,000
BRAD AUSTIN	DIRECTOR	N/A	Director	$0	$0	$0
GERRY BEHAN	PAST PRESIDE	N/A	Director	$0	$0	$0
ERIC BOYNTONE	DIRECTOR	N/A	Director	$0	$0	$0
ZACH BROCKMAN	DIRECTOR	N/A	Director	$0	$0	$0
GUY BUCCIFFERO	DIRECTOR	N/A	Director	$0	$0	$0
JARON COMBS	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
STEVE ELDRED	DIRECTOR	N/A	Director	$0	$0	$0
JOHN FRANKS	DIRECTOR	N/A	Director	$0	$0	$0
ROB GERBITZ	PAST PRESIDE	N/A	Director	$0	$0	$0
DIANE HENDRICKS	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN KING	DIRECTOR	N/A	Director	$0	$0	$0
MIKE MARQUETTE	DIRECTOR	N/A	Director	$0	$0	$0
FRANK MCKEARN	DIRECTOR	N/A	Director	$0	$0	$0
TIM MCKEVETT	DIRECTOR	N/A	Director	$0	$0	$0
GARY MEIER	TREASURER	3.00	Officer Director	$0	$0	$0
DON O'DAY	PRESIDENT EF	5.00	Officer Director	$0	$0	$0
JOE STADELMAN	DIRECTOR	N/A	Director	$0	$0	$0
GEORGE WHITTIER	PRESIDENT TH	5.00	Officer 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
2025	$293,928	$382,678	$4,223,383	$-88,750
2024	$358,017	$199,701	$3,792,153	$158,316
2023	$230,933	$213,154	$3,050,150	$17,779
2022	$244,538	$212,480	$2,930,127	$32,058
2021	$236,460	$230,987	$3,327,926	$5,473
2020	$124,662	$353,510	$3,114,723	$-228,848
2019	$484,116	$213,959	$3,091,765	$270,157
2018	$229,552	$637,262	$2,589,658	$-407,710