EAU CLAIRE AREA ECONOMIC DEVELOPME… - Form 990 Financial Data

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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

LUKE HANSON

Phone

7154716142

Tax Period

2024-01-01 to 2024-12-31

EAU CLAIRE AREA ECONOMIC DEVELOPMENT CORPORATION, founded in 1984, is a small nonprofit that reported $337K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $83K, a strong 25% operating margin.

Mission

ADVANCE ECONOMIC PROSPERITY THROUGH BUSINESS AND JOB GROWTH. THE EAU CLAIRE AREA ECONOMIC DEVELOPMENT CORPORATION'S PURPOSE IS TO CREATE AND IMPLEMENT STRATEGIES TO ATTRACT AND GROW BUSINESSES, INVESTMENT, AND TALENT TO OUR SERVICE AREA.

Program Service Accomplishments

Program 1

BUSINESS EXPANSIONASSIST IN THE CREATION, ENHANCEMENT AND EXPANSION OF LOCAL BUSINESSES.

Program 2

PLACEMAKING ASSIST IN THE DEVELOPMENT OF CREATING PLACES THROUGHOUT THE COUNTY. DEVELOPING PARKS, PUBLIC SPACES, EVENT SPACES, DESTINATION DEVELOPMENT AND ETC.

Program 3

BUSINESS RECRUITMENT DEVELOP AND IMPLEMENT MARKETING STRATEGIES TO ATTRACT NEW BUSINESS & INDUSTRY.

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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 $231,461

Program Service Revenue $75,231

Investment Income $13,390

Other Revenue $16,750

TOTAL REVENUE $336,832

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,927

Fundraising Expenses $0

Other Expenses $120,836

TOTAL EXPENSES $253,763

Year-over-Year Comparison

	2024	2023	Change
Revenue	$336,832	$254,597	+0.3%
Expenses	$253,763	$239,796	+0.1%
Net Income	$83,069	$14,801	+4.6%

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

$92,751

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUKE HANSEN	EXECUTIVE DIRECTOR	40.00	Officer	$87,200	$5,551	$92,751
MIRIAM GEHLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
BEN TRACHSEL	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL MIRR	INCOMING PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT HODEK	TREASURER	1.00	Officer Director	$0	$0	$0
MIKE GOLAT	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDREW DANIELS	TRUSTEE	0.30	Director	$0	$0	$0
BILL WALLO	TRUSTEE	0.30	Director	$0	$0	$0
BRAD KRINGS	TRUSTEE	0.30	Director	$0	$0	$0
DAVE KIMBALL	TRUSTEE	0.30	Director	$0	$0	$0
DISA WAHLSTRAND	TRUSTEE	0.30	Director	$0	$0	$0
DR JAMES SCHMIDT	TRUSTEE	0.30	Director	$0	$0	$0
DR SUNEM BEATON-GARCIA	TRUSTEE	0.30	Director	$0	$0	$0
EMILY BERGE	TRUSTEE	0.30	Director	$0	$0	$0
JULIE THONEY	TRUSTEE	0.30	Director	$0	$0	$0
KATHRYN SCHAUF	TRUSTEE	0.30	Director	$0	$0	$0
MIKE SHEA	TRUSTEE	0.30	Director	$0	$0	$0
NANCY COFFEY	TRUSTEE	0.30	Director	$0	$0	$0
PAUL SWARTOS	TRUSTEE	0.30	Director	$0	$0	$0
SHAM ANDERSON	TRUSTEE	0.30	Director	$0	$0	$0
STEPHANIE HERSCH	TRUSTEE	0.30	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	$336,832	$253,763	$1,101,288	$83,069
2023	$254,597	$239,796	$388,686	$14,801
2022	$207,475	$238,530	$379,426	$-31,055
2021	$254,251	$217,329	$409,626	$36,922
2020	$158,371	$198,914	$370,537	$-40,543
2019	$215,042	$243,617	$411,277	$-28,575
2018	$441,053	$424,184	$441,723	$16,869

EAU CLAIRE AREA ECONOMIC DEVELOPMENT CORPORATION