EDC INC GREATER PEORIA ECONOMIC DEV COUNCIL

EIN: 371104504

PEORIA, IL

Total Revenue
$1,264,545
Total Expenses
$1,341,643
Total Assets
$1,137,379
Net Assets
$917,353
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
IL
Principal Officer
DON FORREST
Tax Period
2023-01-01 to 2023-12-31

EDC INC GREATER PEORIA ECONOMIC DEV COUNCIL, founded in 1982, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023.

Mission

THE GREATER PEORIA ECONOMIC DEVELOPMENT COUNCIL (GPEDC) SERVES BUSINESSES AND COMMUNITIES OF THE GREATER PEORIA AREA BY STRENCTHENING LOCAL BUSINESS STRUCTURE AND ASSISTING COMPANIES IN EXPANDING OR RELOCATING TO THE REGION.

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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 $1,093,467
Program Service Revenue $140,989
Investment Income $14,968
Other Revenue $15,121
TOTAL REVENUE $1,264,545

Expense Breakdown

Grants Paid $0
Salaries & Benefits $767,062
Fundraising Expenses $24,476
Program Expenses $1,046,732
Other Expenses $574,581
TOTAL EXPENSES $1,341,643

Year-over-Year Comparison

2023 2022 Change
Revenue $1,264,545 $1,229,898 +0.0%
Expenses $1,341,643 $1,361,959 0.0%
Net Income $-77,098 $-132,061 -0.4%
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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Governance

Voting Members
35
Independent Members
35
Employees
17
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
5
$180,958
Total Directors
35
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER SETTI OFFICER 40.00
Officer
$175,599 $5,359 $180,958
JENNIFER ZAMMUTO DIRECTOR 2.50
Director
$0 $0 $0
JIM MATHIS DIRECTOR 2.50
Director
$0 $0 $0
DON JOHNSON DIRECTOR 2.50
Director
$0 $0 $0
BRIAN RAY DIRECTOR 2.50
Director
$0 $0 $0
RYAN SPAIN DIRECTOR 2.50
Director
$0 $0 $0
MIKE PHELAN DIRECTOR 2.50
Director
$0 $0 $0
ERIC WHITFIELD DIRECTOR 2.50
Director
$0 $0 $0
JW PRICE DIRECTOR 2.50
Director
$0 $0 $0
KYLE SMITH DIRECTOR 2.50
Director
$0 $0 $0
AARON KILGORE DIRECTOR 2.50
Director
$0 $0 $0
JIMMY DILLON DIRECTOR 2.50
Director
$0 $0 $0
TOMMY ARBUCKLE DIRECTOR 2.50
Director
$0 $0 $0
BETH CRIDER DIRECTOR 2.50
Director
$0 $0 $0
CHRISTELL FRAUSTO-DOSSO DIRECTOR 2.50
Director
$0 $0 $0
RUEBEN CUMMINGS DIRECTOR 2.50
Director
$0 $0 $0
GARY MANIER DIRECTOR 2.50
Director
$0 $0 $0
JAMEL SANTA CRUZE WRIGHT DIRECTOR 2.50
Director
$0 $0 $0
ANDREW HONEGGER DIRECTOR 2.50
Director
$0 $0 $0
J DAVID ZIMMERMAN DIRECTOR 2.50
Director
$0 $0 $0
MATT MAMER DIRECTOR 2.50
Director
$0 $0 $0
CLINT HEINOLD DIRECTOR 2.50
Director
$0 $0 $0
LEANNE SKUSE DIRECTOR 2.50
Director
$0 $0 $0
WILLIAM BLESSMAN DIRECTOR 2.50
Director
$0 $0 $0
RICK SWAN DIRECTOR 2.50
Director
$0 $0 $0
RITA ALI DIRECTOR 2.50
Director
$0 $0 $0
DANETTE SWANK DIRECTOR 2.50
Director
$0 $0 $0
CHUCK NAGEL DIRECTOR 2.50
Director
$0 $0 $0
BRIAN OLSON DIRECTOR 2.50
Director
$0 $0 $0
MICHAEL UNES DIRECTOR 2.50
Director
$0 $0 $0
CLINTON DRURY DIRECTOR 2.50
Director
$0 $0 $0
JAMES FOLEY DIRECTOR 2.50
Director
$0 $0 $0
DON FORREST CHAIR 2.50
Officer Director
$0 $0 $0
HENRY VICARY SECRETARY 2.50
Officer Director
$0 $0 $0
SONGO DEDE VICE-CHAIR 2.50
Officer Director
$0 $0 $0
SHEILA QUIRK-BAILEY TREASURER 2.50
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
2024 No data No data No data No data
2023 $1,264,545 $1,341,643 $1,137,379 $-77,098
2022 $1,229,898 $1,361,959 $1,286,511 $-132,061
2021 $1,462,503 $1,275,084 $1,285,349 $187,419
2020 $1,142,668 $1,095,908 $968,582 $46,760
2019 $1,181,954 $1,196,227 $920,322 $-14,273
2018 $971,807 $1,116,273 $910,683 $-144,466
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