VERMILION ADVANTAGE CORPORATION

EIN: 370238000 Community Improvement

DANVILLE, IL

Total Revenue
$755,094
Total Expenses
$620,843
Total Assets
$545,018
Net Assets
$453,826
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
IL
Principal Officer
TIM DUDLEY
Phone
2174426201
Tax Period
2022-01-01 to 2022-12-31

VERMILION ADVANTAGE CORPORATION, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $755K in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $134K, a strong 18% operating margin.

Mission

THE ORGANIZATION'S PURPOSE IS TO RECRUIT AND PROMOTE THE ESTABLISHMENT AND DEVELOPMENT OF NEW COMMERCE AND INDUSTRY AND TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF VERMILION COUNTY, ILLINOIS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $554,474
Program Service Revenue $200,816
Investment Income $-196
Other Revenue $0
TOTAL REVENUE $755,094

Expense Breakdown

Grants Paid $0
Salaries & Benefits $374,544
Fundraising Expenses $0
Program Expenses $525,620
Other Expenses $246,299
TOTAL EXPENSES $620,843

Year-over-Year Comparison

2022 2021 Change
Revenue $755,094 $899,193 -0.2%
Expenses $620,843 $531,612 +0.2%
Net Income $134,251 $367,581 -0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
60
Independent Members
60
Employees
7
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
6
$131,953
Total Directors
60
$131,953
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR STEPHEN NACCO PAST CHAIR 2.00
Officer Director
$0 $0 $0
LINDA DARBY-DOWERS CHAIR 2.00
Officer Director
$0 $0 $0
DEANNA WITZEL 1ST VICE CHAIR 2.00
Officer Director
$0 $0 $0
JEFF FAUVER VICE CHAIR 0.30
Officer Director
$0 $0 $0
GARDNER PECK TREASURER 2.00
Officer Director
$0 $0 $0
MIKE HULVEY DIRECTOR 0.30
Director
$0 $0 $0
DR ALICIA GEDDIS DIRECTOR 0.30
Director
$0 $0 $0
HEATHER TUCKER DIRECTOR 0.30
Director
$0 $0 $0
DENISE CROWDER DIRECTOR 0.30
Director
$0 $0 $0
DAN LAUGHNER DIRECTOR 0.30
Director
$0 $0 $0
MATT SMILEY DIRECTOR 0.30
Director
$0 $0 $0
JONATHAN KEIM DIRECTOR 0.30
Director
$0 $0 $0
GARY TUCKER DIRECTOR 0.30
Director
$0 $0 $0
JENNIFER COMPTON SECRETARY 0.30
Director
$0 $0 $0
DOUG AHRENS DIRECTOR 0.30
Director
$0 $0 $0
RICKEY WILLIAMS DIRECTOR 0.30
Director
$0 $0 $0
MICHELLE CHESNUT DIRECTOR 0.30
Director
$0 $0 $0
KEVIN DAWSON DIRECTOR 0.30
Director
$0 $0 $0
REV DALE DENEAL DIRECTOR 0.30
Director
$0 $0 $0
TIM DONAHOE DIRECTOR 0.30
Director
$0 $0 $0
DARREN DUNCAN DIRECTOR 0.30
Director
$0 $0 $0
RICK ELKIN DIRECTOR 0.30
Director
$0 $0 $0
JR FREGIA DIRECTOR 0.30
Director
$0 $0 $0
ROD GOLDEN DIRECTOR 0.30
Director
$0 $0 $0
MATT GRANDONE DIRECTOR 0.30
Director
$0 $0 $0
JOHN GRIEBAT DIRECTOR 0.30
Director
$0 $0 $0
TARA HAFNER DIRECTOR 0.30
Director
$0 $0 $0
OJ HARRISON DIRECTOR 0.30
Director
$0 $0 $0
TOM HASHIMOTO DIRECTOR 0.30
Director
$0 $0 $0
MARK JANESKY DIRECTOR 0.30
Director
$0 $0 $0
LARRY KUCHEFSKI DIRECTOR 0.30
Director
$0 $0 $0
CINDY DECKER DIRECTOR 0.30
Director
$0 $0 $0
BRUCE LUTES DIRECTOR 0.30
Director
$0 $0 $0
MICHAEL MERVIS DIRECTOR 0.30
Director
$0 $0 $0
SETH MILLER DIRECTOR 0.30
Director
$0 $0 $0
JOE MOLLICA DIRECTOR 0.30
Director
$0 $0 $0
LARRY MOSS DIRECTOR 0.30
Director
$0 $0 $0
PHIL MUEHL DIRECTOR 0.30
Director
$0 $0 $0
BROCK BURTON DIRECTOR 0.30
Director
$0 $0 $0
LARRY OWEN DIRECTOR 0.30
Director
$0 $0 $0
JIM PICILLO DIRECTOR 0.30
Director
$0 $0 $0
TODD SMITH DIRECTOR 0.30
Director
$0 $0 $0
CHUCK HANTZ DIRECTOR 0.30
Director
$0 $0 $0
JOE STELTZER DIRECTOR 0.30
Director
$0 $0 $0
DORI STONE DIRECTOR 0.30
Director
$0 $0 $0
AUSTON SURPRENANT DIRECTOR 0.30
Director
$0 $0 $0
ALYSSA SWEETEN DIRECTOR 0.30
Director
$0 $0 $0
JACKIE VINSON DIRECTOR 0.30
Director
$0 $0 $0
JOHN VOGT DIRECTOR 0.30
Director
$0 $0 $0
MIKE WEESE DIRECTOR 0.30
Director
$0 $0 $0
LARRY BAUGHN DIRECTOR 0.30
Director
$0 $0 $0
JULIE ZIMMERMAN DIRECTOR 0.30
Director
$0 $0 $0
TJ MORRIS DIRECTOR 0.30
Director
$0 $0 $0
ANGIE HATFIELD-MARKER DIRECTOR 0.30
Director
$0 $0 $0
BRAD PINTAR DIRECTOR 0.30
Director
$0 $0 $0
MARY SURPRENANT DIRECTOR 0.30
Director
$0 $0 $0
WILLIAM NICHOLLS DIRECTOR 0.30
Director
$0 $0 $0
TIMOTHY DUDLEY EXECUTIVE DIRECTOR 40.00
Officer Director
$102,000 $29,953 $131,953
JON STALCUP DIRECTOR 0.30
Director
$0 $0 $0
MIKE MARRON 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 No data No data No data No data
2022 $755,094 $620,843 $545,018 $134,251
2021 $899,193 $531,612 $475,189 $367,581
2020 $513,640 $506,749 $175,001 $6,891
2019 $654,955 $685,133 $132,107 $-30,178
2018 $702,602 $666,196 $257,262 $36,406
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