REVITALIZE & DEVELOP EAST MOLINE INC

EIN: 363815927 501(c)(3)

EAST MOLINE, IL

Total Revenue
$-156,710
Total Expenses
$174,126
Total Assets
$954,225
Net Assets
$951,076
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
IL
Principal Officer
TIM KNANISHU
Phone
3097558751
Tax Period
2023-01-01 to 2023-12-31

REVITALIZE & DEVELOP EAST MOLINE INC, founded in 1991, is a micro nonprofit that reported $157K in total revenue in fiscal year 2023. Revenue fell 242% from the prior year — a significant decline worth monitoring.

Mission

TO PROMOTE COMMERCIAL, INDUSTRIAL AND RECREATIONAL DEVELOPMENT THAT ENHANCES BOTH THE TAX BASE AND THE QUALITY OF LIFE IN EAST MOLINE; PROVIDE FINANCIAL ASSISTANCE TO AND ENCOURAGE BUSINESSES TO LOCATE IN IDENTIFIED PROJECT AREAS; TARGET BUSINESSES WHICH WILL PROVIDE TRAINING FOR UNEMPLOYED OR UNDEREMPLOYED INDIVIDUALS AND SECURE UNSAFE PROPERTIES IN ECONOMICALLY DEPRESSED AREAS; AND OFFFER SITES ON FAVORABLE TERMS TO NEW OR EXISTING BUSINESSES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $87,700
Program Service Revenue $0
Investment Income $-244,421
Other Revenue $11
TOTAL REVENUE $-156,710

Expense Breakdown

Grants Paid $0
Salaries & Benefits $104,959
Fundraising Expenses $0
Program Expenses $153,655
Other Expenses $69,167
TOTAL EXPENSES $174,126

Year-over-Year Comparison

2023 2022 Change
Revenue $-156,710 $110,030 -2.4%
Expenses $174,126 $178,675 0.0%
Net Income $-330,836 $-68,645 +3.8%
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
10
Independent Members
10
Employees
1
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
$97,500
Total Directors
11
$97,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM KNANISHU EXECUTIVE VICE PRESIDENT 32.00
Officer Director
$97,500 $0 $97,500
LARRY ANDERSON DIRECTOR 0.30
Director
$0 $0 $0
ERIC DAVIS DIRECTOR 0.30
Director
$0 $0 $0
JERRY LACK DIRECTOR 0.30
Director
$0 $0 $0
JENNIFER HIRSCH TREASURER, VICE PRESIDENT 0.30
Officer Director
$0 $0 $0
HERLINDA GUTIERREZ DIRECTOR 0.30
Director
$0 $0 $0
TADD GRIFFITH SECRETARY 0.30
Officer Director
$0 $0 $0
JAY MORROW PRESIDENT 0.30
Officer Director
$0 $0 $0
JEFF MURPHY DIRECTOR 0.30
Director
$0 $0 $0
GREG THEIS DIRECTOR 0.30
Director
$0 $0 $0
JOHN STOPOULOS DIRECTOR 0.30
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 $-156,710 $174,126 $954,225 $-330,836
2022 $110,030 $178,675 $1,284,308 $-68,645
2021 $194,641 $185,761 $1,352,953 $8,880
2020 $154,780 $159,390 $1,344,073 $-4,610
2019 $202,349 $157,127 $1,348,749 $45,222
2018 $218,355 $167,491 $1,303,161 $50,864
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