LA CROSSE AREA DEVELOPMENT CORP (EIN 391168327) - 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

1971

Legal Domicile

Principal Officer

ROBERT W BURG

Phone

6087845488

Tax Period

2024-01-01 to 2024-12-31

LA CROSSE AREA DEVELOPMENT CORP, founded in 1971, is a small nonprofit that reported $297K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $342K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE PURPOSE OF THE CORPORATION SHALL BE TO ACTIVELY FACILITATE AND PROMOTE ECONOMIC DEVELOPMENT AND BUSINESS RETENTION IN THE LA CROSSE AREA. THIS SHALL BE ACCOMPLISHED BY FOCUSING ON THE "TRIAD OF DEVELOPMENT": THE ATTRACTION OF INDUSTRY, THE RETENTION OF BUSINESS AND INDUSTRY, AND THE DEVELOPMENT OF THE AREA WORKFORCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $173,638

Program Service Revenue $109,535

Investment Income $3,457

Other Revenue $10,148

TOTAL REVENUE $296,778

Expense Breakdown

Grants Paid $0

Salaries & Benefits $220,787

Fundraising Expenses $0

Other Expenses $121,224

TOTAL EXPENSES $342,011

Year-over-Year Comparison

	2024	2023	Change
Revenue	$296,778	$244,292	+0.2%
Expenses	$342,011	$239,880	+0.4%
Net Income	$-45,233	$4,412	-11.3%

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

$123,839

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHUCK OLSON	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
MIC MICHELS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF WROBEL	DIRECTOR	1.00	Director	$0	$0	$0
JOE ZOELLNER	PRESIDENT	1.00	Officer Director	$0	$0	$0
BOB BURG	TREASURER	1.00	Officer Director	$0	$0	$0
MATT WATSON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SCHUMACHER	DIRECTOR	1.00	Director	$0	$0	$0
PATTI BALACEK	SECRETARY	1.00	Officer Director	$0	$0	$0
MITCH REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
JACK KALANDER	DIRECTOR	1.00	Director	$0	$0	$0
KAREN FINNEMAN-KILLINGER	DIRECTOR	1.00	Director	$0	$0	$0
CINDY JIA	DIRECTOR	1.00	Director	$0	$0	$0
TINA KLINGER	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK BARLOW	DIRECTOR	1.00	Director	$0	$0	$0
KIM SMITH	DIRECTOR	1.00	Director	$0	$0	$0
TIM KOLEK	DIRECTOR	1.00	Director	$0	$0	$0
ALEX LUECK	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN FANCIULLI	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK SCHELLER	DIRECTOR	1.00	Director	$0	$0	$0
TIM KABAT	EXECUTIVE DIRECTOR	40.00	Officer	$100,459	$23,380	$123,839

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	$296,778	$342,011	$378,197	$-45,233
2023	$244,292	$239,880	$419,992	$4,412
2022	$305,862	$266,997	$415,155	$38,865
2021	$294,277	$267,098	$386,070	$27,179
2020	$266,449	$264,452	$384,784	$1,997
2019	$218,099	$257,002	$402,401	$-38,903
2018	$195,251	$138,110	$448,427	$57,141

LA CROSSE AREA DEVELOPMENT CORP