DOUGLAS COUNTY REVOLVING LOAN FUND INC

EIN: 391540148

SUPERIOR, WI

Total Revenue
$19,927
Total Expenses
$33,776
Total Assets
$854,705
Net Assets
$854,705
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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
1985
Legal Domicile
WI
Principal Officer
RICHARD NYSTROM
Phone
7153951347
Tax Period
2023-01-01 to 2023-12-31

DOUGLAS COUNTY REVOLVING LOAN FUND INC, founded in 1985, is a micro nonprofit that reported $20K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $34K exceeded revenue, resulting in a 69% operating deficit.

Mission

TO PROMOTE ECONOMIC GROWTH IN DOUGLAS COUNTY WISCONSIN THROUGH RECRUITMENT, EXPANSION, AND RETENTION OF BUSINESS AND INDUSTRY BY PROVIDING THE NECESSARY FINANCING TO FILL GAPS IN LOCAL MARKETS AND THEREBY STIMULATE PRIVATE SECTOR FORMATION AND TO SERVE AS A "PUMP PRIMER" RATHER THAN A REPLACEMENT FOR COMMERCIAL LENDING.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $11,994
Investment Income $7,933
Other Revenue $0
TOTAL REVENUE $19,927

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $19,641
Other Expenses $33,776
TOTAL EXPENSES $33,776

Year-over-Year Comparison

2023 2022 Change
Revenue $19,927 $15,977 +0.2%
Expenses $33,776 $27,717 +0.2%
Net Income $-13,849 $-11,740 +0.2%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
10

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
5
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD NYSTROM PRESIDENT 0.30
Officer Director
$0 $0 $0
AMY TYSON TREASURER 0.30
Officer Director
$0 $0 $0
CAROL JONES TREASURER (TERM JUNE) 0.30
Officer Director
$0 $0 $0
KACI JO LUNDGREN SECRETARY 0.30
Officer Director
$0 $0 $0
SUSAN SANDVICK SECRETARY (TERM JAN) 0.30
Officer Director
$0 $0 $0
CHARLES GLAZMAN DIRECTOR 0.30
Director
$0 $0 $0
MARK HUBBARD DIRECTOR 0.30
Director
$0 $0 $0
ALAN JAQUES DIRECTOR 0.30
Director
$0 $0 $0
MARK LIEBAERT DIRECTOR 0.30
Director
$0 $0 $0
CAROLYN PIERCE DIRECTOR 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 No data No data No data No data
2023 $19,927 $33,776 $854,705 $-13,849
2022 $15,977 $27,717 $868,554 $-11,740
2021 $12,742 $27,920 $884,514 $-15,178
2020 $13,095 $26,105 $895,472 $-13,010
2019 $18,796 $25,215 $908,482 $-6,419
2018 $20,598 $25,974 $914,901 $-5,376
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