POLK 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

2004

Legal Domicile

Principal Officer

CURTIS CARLSON

Phone

7154053400

Tax Period

2025-01-01 to 2025-12-31

POLK COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 2004, is a small nonprofit that reported $112K in total revenue in fiscal year 2025. Revenue decreased 15% compared to the prior year.

Mission

TO CREATE AND RETAIN ATTRACTIVE JOBS, ENHANCE OUR COMMUNITY'S TAX BASE AND FACILITATE POSITIVE SUSTAINABLE ECONOMIC GROWTH.

Program Service Accomplishments

Program 1

Expenses: $108,593 Revenue: $112,245

PROVIDED PROMOTION OF ECONOMIC DEVELOPMENT AND CAPITAL INVESTMENT IN POLK COUNTY, WISCONSIN THROUGH INFORMATIONAL MEETINGS, MARKETING AND NETWORKING.

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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 $112,245

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $112,245

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $108,593

Other Expenses $109,737

TOTAL EXPENSES $109,737

Year-over-Year Comparison

	2025	2024	Change
Revenue	$112,245	$131,904	-0.1%
Expenses	$109,737	$110,143	0.0%
Net Income	$2,508	$21,761	-0.9%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CURTIS CARLSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARTIN DIKKERS	VICE PRESIDE	1.00	Director	$0	$0	$0
KELLY HIBBS	TREASURER	1.00	Officer Director	$0	$0	$0
DAVE HAMMERS	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVEN STROSHANE	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA RUDQUIST	DIRECTOR	1.00	Director	$0	$0	$0
JANICE SCHOTT	DIRECTOR	1.00	Director	$0	$0	$0
BRAD OLSON	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE BEHLING	DIRECTOR	1.00	Director	$0	$0	$0
JILL GORRES	DIRECTOR	1.00	Director	$0	$0	$0
ALEX MORTEL	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN BOLDIG	DIRECTOR	1.00	Director	$0	$0	$0
TONY MEYERS	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY HALL	DIRECTOR	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
2025	$112,245	$109,737	$143,791	$2,508
2024	$131,904	$110,143	$141,283	$21,761
2023	$127,026	$123,347	$119,522	$3,679
2022	$135,375	$107,045	$115,843	$28,330
2021	$119,553	$84,864	$87,513	$34,689

POLK COUNTY ECONOMIC DEVELOPMENT CORPORATION