ASHLAND AREA DEVELOPMENT CORP (EIN 391483663) - 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

1984

Legal Domicile

Principal Officer

TONY SINGLER

Phone

7156828344

Tax Period

2023-01-01 to 2023-12-31

ASHLAND AREA DEVELOPMENT CORP, founded in 1984, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 138% from the prior year, signaling strong growth momentum. The organization ran a surplus of $476K, a strong 29% operating margin.

Mission

TO FURTHER ECONOMIC DEVELOPMENT IN THE ASHLAND COUNTY AREA OF 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 $1,278,121

Program Service Revenue $314,651

Investment Income $20,020

Other Revenue $19,636

TOTAL REVENUE $1,632,428

Expense Breakdown

Grants Paid $0

Salaries & Benefits $322,414

Fundraising Expenses $0

Program Expenses $882,018

Other Expenses $834,206

TOTAL EXPENSES $1,156,620

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,632,428	$684,891	+1.4%
Expenses	$1,156,620	$496,447	+1.3%
Net Income	$475,808	$188,444	+1.5%

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
TONY SINGLER	TREASURER	N/A	Officer Director	$0	$0	$0
JASON FISCHBACH	PRESIDENT	N/A	Officer Director	$0	$0	$0
ROB PRATER	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
TOM WOJCIECHOWSKI	SECRETARY	N/A	Officer Director	$0	$0	$0
TYLER WICKMAN	DIRECTOR	N/A	Director	$0	$0	$0
MARI KAY NABOZNY	DIRECTOR	N/A	Director	$0	$0	$0
JENNIFER ENG	DIRECTOR	N/A	Director	$0	$0	$0
JEAN RONNING	DIRECTOR	N/A	Director	$0	$0	$0
BRANT KUCERA	DIRECTOR	N/A	Director	$0	$0	$0
MARY MCPHETRIDGE	DIRECTOR	N/A	Director	$0	$0	$0
DANIEL GRANGER	DIRECTOR	N/A	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	$1,632,428	$1,156,620	$2,584,401	$475,808
2022	$684,891	$496,447	$2,135,703	$188,444
2021	$397,645	$323,637	$2,017,425	$74,008
2020	$351,967	$319,052	$1,820,612	$32,915
2019	$298,129	$354,352	$1,741,041	$-56,223
2018	$330,117	$360,675	$1,868,896	$-30,558

ASHLAND AREA DEVELOPMENT CORP