DOOR COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 391621905) - 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

1988

Legal Domicile

Principal Officer

MICHELLE LAWRIE

Phone

9207433113

Tax Period

2024-01-01 to 2024-12-31

DOOR COUNTY ECONOMIC DEVELOPMENT CORPORATION, founded in 1988, is a small nonprofit in the Community Improvement sector that reported $505K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $786K exceeded revenue, resulting in a 56% operating deficit.

Mission

TO IMPROVE THE ECONOMIC VITALITY OF DOOR COUNTY AND ITS RESIDENTS.

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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 $275,661

Program Service Revenue $229,032

Investment Income $14,334

Other Revenue $-13,758

TOTAL REVENUE $505,269

Expense Breakdown

Grants Paid $247,900

Salaries & Benefits $261,036

Fundraising Expenses $19,285

Program Expenses $664,964

Other Expenses $277,168

TOTAL EXPENSES $786,104

Year-over-Year Comparison

	2024	2023	Change
Revenue	$505,269	$597,296	-0.2%
Expenses	$786,104	$610,770	+0.3%
Net Income	$-280,835	$-13,474	+19.8%

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

$116,902

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN STEPHENS	PAST CHAIR	1.00	Officer Director	$0	$0	$0
TIM DUQUAINE	CHAIR	1.00	Officer Director	$0	$0	$0
RYAN HOERNKE	VICE CHAIR AND TREASURER	1.00	Officer Director	$0	$0	$0
DALE WIEGAND	DIRECTOR	1.00	Director	$0	$0	$0
DAN TJERNAGEL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WARD	DIRECTOR	1.00	Director	$0	$0	$0
GREG STILLMAN	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE BONGLE	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE ALBERTS	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MILLER	DIRECTOR	1.00	Director	$0	$0	$0
MARYKAY SCHUMWAY	DIRECTOR	1.00	Director	$0	$0	$0
MORIAH BREY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CORNELL	DIRECTOR	1.00	Director	$0	$0	$0
TODD THAYSE	DIRECTOR	1.00	Director	$0	$0	$0
HELEN BACON	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE LAWRIE	SECRETARY AND EXECUTIVE DIRECTOR	40.00	Officer	$96,075	$20,827	$116,902

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	$505,269	$786,104	$2,420,189	$-280,835
2023	$597,296	$610,770	$2,718,024	$-13,474
2022	$800,022	$615,392	$2,711,847	$184,630
2021	$998,049	$751,525	$2,581,699	$246,524
2020	$484,030	$490,337	$2,364,824	$-6,307
2019	$880,785	$787,678	$2,324,829	$93,107
2018	$707,599	$777,435	$2,290,579	$-69,836

DOOR COUNTY ECONOMIC DEVELOPMENT CORPORATION