OAKLAND COUNTY BUSINESS FINANCE CO… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

CATHERINE RASEGAN

Phone

2488585101

Tax Period

2024-10-01 to 2025-09-30

OAKLAND COUNTY BUSINESS FINANCE CORPORAT, founded in 1981, is a small nonprofit that reported $566K in total revenue in fiscal year 2024. Net assets of $1.2M represent 25 months of operating reserves.

Mission

PROMOTE THE GENERAL WEALTH, WELFARE, AND PROSPERITY OF THE PEOPLE RESIDING OR OPERATING BUSINESSES WITHIN OUR AREA OF OPERATIONS, PROMOTE ECONOMIC DEVELOPMENT AND GROWTH OF THE SMALL BUSINESS COMMUNITY, PROMOTE AND INCREASE PRIVATE SECTOR EMPLOYMENT OPPORTUNITIES FOR THE PEOPLE OF OUR AREA OF OPERATIONS. THE MISSION WAS ADOPTED BY THE BOARD ON APRIL 7, 2009.

Program Service Accomplishments

Program 1

Expenses: $510,629 Revenue: $519,027

LOAN ANALYSIS AND ADMINISTRATION EXPENSES ASSOCIATED WITH ASSISTING BUSINESSES IN OBTAINING FINANCING FOR CAPITAL ACQUISITIONS AND IMPROVEMENTS. CURRENTLY, 155 COMPANIES ARE BEING SERVED BY THE...

LOAN ANALYSIS AND ADMINISTRATION EXPENSES ASSOCIATED WITH ASSISTING BUSINESSES IN OBTAINING FINANCING FOR CAPITAL ACQUISITIONS AND IMPROVEMENTS. CURRENTLY, 155 COMPANIES ARE BEING SERVED BY THE ORGANIZATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $519,027

Investment Income $46,639

Other Revenue $0

TOTAL REVENUE $565,666

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $510,629

Other Expenses $556,387

TOTAL EXPENSES $556,387

Year-over-Year Comparison

	2024	2023	Change
Revenue	$565,666	$532,937	+0.1%
Expenses	$556,387	$531,532	+0.0%
Net Income	$9,279	$1,405	+5.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID P ELLIS	CHAIRPERSON	0.20	Officer Director	$0	$0	$0
ANGIE WILLIAMS	PRESIDENT	0.30	Officer Director	$0	$0	$0
DAVID H SHINDEL	VICE-PRESIDENT	0.20	Officer Director	$0	$0	$0
CATHERINE RASEGAN	SECRETARY (NON-VOTING)	0.30	Officer Director	$0	$0	$0
ROBERT WITTENBERG	TREASURER (NON-VOTING)	0.10	Officer Director	$0	$0	$0
STEVE BALL	TRUSTEE	0.20	Director	$0	$0	$0
DAVID WYNN	TRUSTEE	0.10	Director	$0	$0	$0
LYNDA REILLY	TRUSTEE	0.10	Director	$0	$0	$0
BARRY LEVINE	TRUSTEE	0.30	Director	$0	$0	$0
KRIS PAWLOWSKI	TRUSTEE	0.20	Director	$0	$0	$0
WAYNE CHAN	TRUSTEE	0.10	Director	$0	$0	$0
NICHOLE SMITH	TRUSTEE	0.30	Director	$0	$0	$0
ELIZABETH MASSERANG	TRUSTEE	0.10	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	$565,666	$556,387	$1,215,410	$9,279
2024	$532,937	$531,532	$1,209,231	$1,405
2023	$632,276	$535,120	$1,194,699	$97,156
2022	$565,445	$497,342	$1,101,011	$68,103
2021	$672,142	$537,233	$1,034,223	$134,909
2020	$542,999	$571,925	$909,199	$-28,926
2019	$577,395	$540,594	$932,646	$36,801
2018	$678,602	$660,572	$894,406	$18,030

OAKLAND COUNTY BUSINESS FINANCE CORPORAT