PORTAGE COUNTY BUSINESS COUNCIL INC (EIN 390638925) - Form 990 Financial Analysis & Trantor Score

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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

1989

Legal Domicile

Principal Officer

MICHAEL WITTE

Phone

7153441940

Tax Period

2023-01-01 to 2023-12-31

PORTAGE COUNTY BUSINESS COUNCIL INC, founded in 1989, is a small nonprofit that reported $537K in total revenue in fiscal year 2023.

Mission

TO PROVIDE EDUCATIONAL AND MARKETING OPPORTUNITIES, TO PROVIDE ECONOMIC DEVELOPMENT SERVICES AND TO SUPPORT BUSINESS START UP EFFORTS AND TO ENCOURAGE RETENTION AND EXPANSION OF BUSINESS IN PORTAGE COUNTY WISCONSIN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $318,893

Program Service Revenue $199,261

Investment Income $2,531

Other Revenue $16,100

TOTAL REVENUE $536,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $312,733

Fundraising Expenses $0

Other Expenses $265,886

TOTAL EXPENSES $578,619

Year-over-Year Comparison

	2023	2022	Change
Revenue	$536,785	$527,618	+0.0%
Expenses	$578,619	$505,185	+0.1%
Net Income	$-41,834	$22,433	-2.9%

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

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
KATE BUDD	CHAIR	0.50	Officer Director	$0	$0	$0
CRAIG AITTAMA	PAST CHAIR	0.50	Officer Director	$0	$0	$0
BRIAN FORMELLA	VICE CHAIR	0.50	Officer Director	$0	$0	$0
ANDREW HALVERSON	DIRECTOR	0.50	Director	$0	$0	$0
TODD SCHROEDER	DIRECTOR	0.50	Director	$0	$0	$0
ERIC POWERS	DIRECTOR	0.50	Director	$0	$0	$0
LISA SOBCZAK	DIRECTOR	0.50	Director	$0	$0	$0
CANDACE TAYLOR	DIRECTOR	0.50	Director	$0	$0	$0
AMY BOSTON	DIRECTOR	0.50	Director	$0	$0	$0
JAKE FELTZ	DIRECTOR	0.50	Director	$0	$0	$0
MEGAN KUCKKAHN	AMBASSADOR C	0.50	Director	$0	$0	$0
KEVIN SCHLEICHER	TREASURER/SE	0.50	Director	$0	$0	$0
TODD REILLY	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL WITTE	PRESIDENT/CE	35.00	Officer	$0	$0	$0
DEREK NEST	ADVISOR	35.00	Director	$0	$0	$0
TIMOTHY WORTH	DIRECTOR	0.50	Director	$0	$0	$0
BOBBI DAMROW	DIRECTOR	0.50	Director	$0	$0	$0
TOM DAVIES	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS GIBSON	DIRECTOR	0.50	Director	$0	$0	$0
JENNY RESCH	DIRECTOR	0.50	Director	$0	$0	$0
CORY HIRSBRUNNER	DIRECTOR	0.50	Director	$0	$0	$0
JOHN PAVELSKI	DIRECTOR	0.50	Director	$0	$0	$0
HARLEE STINSON	IGNITE REPS	0.50	Director	$0	$0	$0
BILLIE SJOMERLING	IGNITE REPS	0.50	Director	$0	$0	$0
MIKE WIZA	DIRECTOR	0.50	Director	$0	$0	$0
CHAD BATES	DIRECTOR	0.50	Director	$0	$0	$0
BRETT BEVERSDORF	DIRECTOR	0.50	Director	$0	$0	$0
CONNIE BUCHANAN	DIRECTOR	0.50	Director	$0	$0	$0
WEBSTER FRANCOIS	DIRECTOR	0.50	Director	$0	$0	$0
ALLEN HAGA	DIRECTOR	0.50	Director	$0	$0	$0
LONNIE PRZYBYLSKI	DIRECTOR	0.50	Director	$0	$0	$0
JEFF RAMLOW	DIRECTOR	0.50	Director	$0	$0	$0
CHASE RETTLER	DIRECTOR	0.50	Director	$0	$0	$0
LARRY RIAKOWSKI	DIRECTOR	0.50	Director	$0	$0	$0
MATHEW SNYDER	DIRECTOR	0.50	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	$536,785	$578,619	$702,420	$-41,834
2022	$527,618	$505,185	$704,322	$22,433
2021	$510,473	$443,958	$658,001	$66,515
2020	$526,746	$524,721	$531,871	$2,025
2019	$606,335	$610,489	$434,429	$-4,154
2018	$584,348	$599,020	$459,850	$-14,672

PORTAGE COUNTY BUSINESS COUNCIL INC