SHEBOYGAN COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 391487364) - 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

BRIAN DOUDNA

Phone

9204522479

Tax Period

2023-01-01 to 2023-12-31

SHEBOYGAN COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1984, is a small nonprofit that reported $885K in total revenue in fiscal year 2023. Revenue fell 90% from the prior year — a significant decline worth monitoring. Net assets of $8.5M represent 116 months of operating reserves.

Mission

ECONOMIC DEVELOPMENT EFFORTS FOR THE BUSINESSES, RESIDENTS, AND COMMUNITIES OF SHEBOYGAN COUNTY.

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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 $737,328

Program Service Revenue $79,173

Investment Income $68,528

Other Revenue $0

TOTAL REVENUE $885,029

Expense Breakdown

Grants Paid $70,000

Salaries & Benefits $527,024

Fundraising Expenses $5,987

Program Expenses $726,489

Other Expenses $298,400

TOTAL EXPENSES $895,424

Year-over-Year Comparison

	2023	2022	Change
Revenue	$885,029	$8,614,396	-0.9%
Expenses	$895,424	$750,739	+0.2%
Net Income	$-10,395	$7,863,657	-1.0%

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

$140,621

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JODI SCHOERNER	TREASURER/SECRETARY	2.00	Officer Director	$0	$0	$0
GARY DULMES	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
DON HAMMOND	PRESIDENT	8.00	Officer Director	$0	$0	$0
MIKE KLEIN	BOARD MEMBER	0.15	Director	$0	$0	$0
TERESA VAN HORN	BOARD MEMBER	0.15	Director	$0	$0	$0
STEVE HARRISON	BOARD MEMBER	0.15	Director	$0	$0	$0
SHAD TENPAS	BOARD MEMBER	0.15	Director	$0	$0	$0
PAUL CARLSEN	BOARD MEMBER	0.15	Director	$0	$0	$0
PAUL BARTELT	BOARD MEMBER	0.15	Director	$0	$0	$0
MICHAEL BROTZ	BOARD MEMBER	0.15	Director	$0	$0	$0
MEL BLANKE	BOARD MEMBER	0.15	Director	$0	$0	$0
MARC SCHUH	BOARD MEMBER	0.15	Director	$0	$0	$0
LOUIE GENTINE	BOARD MEMBER	0.15	Director	$0	$0	$0
JUSTIN SELLE	BOARD MEMBER	0.15	Director	$0	$0	$0
JIM TESTWUIDE	BOARD MEMBER	0.15	Director	$0	$0	$0
JIM GALLIMORE	BOARD MEMBER	0.15	Director	$0	$0	$0
DAVID GASS	BOARD MEMBER	0.15	Director	$0	$0	$0
DAVID BOLLAND	BOARD MEMBER	0.15	Director	$0	$0	$0
GRANT PAULY	BOARD MEMBER	0.15	Director	$0	$0	$0
DEIDRE MARTINEZ	BOARD MEMBER	0.15	Director	$0	$0	$0
DAVID SACHSE	BOARD MEMBER	0.15	Director	$0	$0	$0
TOM LIEBL	BOARD MEMBER	0.15	Director	$0	$0	$0
DAVE ALDAG	BOARD MEMBER	0.15	Director	$0	$0	$0
CRAIG ROUSH	BOARD MEMBER	0.15	Director	$0	$0	$0
BOB WERNER	BOARD MEMBER	0.15	Director	$0	$0	$0
ADAM PAYNE	BOARD MEMBER	0.15	Director	$0	$0	$0
MIKE SUPRICK	BOARD MEMBER	0.15	Director	$0	$0	$0
LAURA GUMM	BOARD MEMBER	0.15	Director	$0	$0	$0
BETH BORGEN	BOARD MEMBER	0.15	Director	$0	$0	$0
ARIC KINNEY	BOARD MEMBER	0.15	Director	$0	$0	$0
VERN KOCH	BOARD MEMBER	0.15	Director	$0	$0	$0
JASON KREPLINE	BOARD MEMBER	0.15	Director	$0	$0	$0
NATALIE MACIOLEK	BOARD MEMBER	0.15	Director	$0	$0	$0
RYAN GARTMAN	BOARD MEMBER	0.15	Director	$0	$0	$0
RYAN SORENSON	BOARD MEMBER	0.15	Director	$0	$0	$0
TODD WOLF	BOARD MEMBER	0.15	Director	$0	$0	$0
TOM HOLTAN	BOARD MEMBER	0.15	Director	$0	$0	$0
JEFFREY LASSELLE	BOARD MEMBER	0.15	Director	$0	$0	$0
TIM BLAKESLEE	BOARD MEMBER	0.15	Director	$0	$0	$0
BRIAN DOUDNA	EXECUTIVE DIRECTOR	40.00	Officer	$126,702	$13,919	$140,621

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	$885,029	$895,424	$11,035,340	$-10,395
2022	$8,614,396	$750,739	$8,820,509	$7,863,657
2021	$660,064	$604,053	$919,422	$56,011
2020	$535,083	$661,821	$829,897	$-126,738
2019	$602,707	$587,701	$976,023	$15,006
2018	$533,943	$484,886	$942,471	$49,057

SHEBOYGAN COUNTY ECONOMIC DEVELOPMENT CORPORATION