PORTAGE COUNTY BUSINESS COUNCIL FOUNDATION INC (EIN 391766859) - 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

1989

Legal Domicile

Principal Officer

MICHAEL WITTE

Phone

7153441940

Tax Period

2023-01-01 to 2023-12-31

PORTAGE COUNTY BUSINESS COUNCIL FOUNDATION INC, founded in 1989, is a small nonprofit in the Education sector that reported $187K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $212K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE A FORUM FOR THE DEVELOPMENT OF EMERGING LEADERS IN PORTAGE COUNTY, TO PROMOTE EXCELLENCE IN EDUCATION WITH ALL LEVELS OF EDUCATIONAL INSTITUTIONS INCLUDING ENCOURAGEMENT OF PARTNERSHIP ACTIVITIES WITH THE COMMUNITY AND INSTITUTIONS, TO SUPPORT COMMUNITY BETTERMENT ACTIVITIES THAT ENHANCE THE QUALITY OF LIFE IN PORTAGE COUNTY, AND TO PROVIDE INFORMATION AND FORUMS FOR DISCUSSION ON ISSUES AFFECTING THE PORTAGE COUNTY COMMUNITY.

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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 $1,183

Program Service Revenue $93,639

Investment Income $586

Other Revenue $91,331

TOTAL REVENUE $186,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,924

Fundraising Expenses $0

Program Expenses $187,324

Other Expenses $143,296

TOTAL EXPENSES $212,220

Year-over-Year Comparison

	2023	2022	Change
Revenue	$186,739	$167,470	+0.1%
Expenses	$212,220	$187,368	+0.1%
Net Income	$-25,481	$-19,898	+0.3%

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

N/A

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
CRAIG AITTAMA	PAST CHAIR	0.25	Director	$0	$0	$0
CHAD BATES	DIRECTOR	0.25	Director	$0	$0	$0
BRETT BEVERSDORF	DIRECTOR	0.25	Director	$0	$0	$0
AMY BOSTON	DIRECTOR	0.25	Director	$0	$0	$0
CONNIE BUCHANAN	DIRECTOR	0.25	Director	$0	$0	$0
KATE BUDD	CHAIR	0.25	Director	$0	$0	$0
BOBBI DAMROW	DIRECTOR	0.25	Director	$0	$0	$0
TOM DAVIES	DIRECTOR	0.25	Director	$0	$0	$0
JAKE FELTZ	DIRECTOR	0.25	Director	$0	$0	$0
BRIAN FORMELLA	VICE CHAIR	0.25	Director	$0	$0	$0
WEBSTER FRANCOIS	DIRECTOR	0.25	Director	$0	$0	$0
THOMAS GIBSON	DIRECTOR	0.25	Director	$0	$0	$0
ALLEN HAGA	DIRECTOR	0.25	Director	$0	$0	$0
ANDREW HALVERSON	DIRECTOR	0.25	Director	$0	$0	$0
CORY HIRSBRUNNER	DIRECTOR	0.25	Director	$0	$0	$0
MEGAN KUCKKAHN	DIRECTOR	0.25	Director	$0	$0	$0
DEREK NEST	ADVISOR	0.25	Director	$0	$0	$0
JOHN PAVELSKI	DIRECTOR	0.25	Director	$0	$0	$0
ERIC POWERS	DIRECTOR	0.25	Director	$0	$0	$0
LONNIE PRZYBYLSKI	DIRECTOR	0.25	Director	$0	$0	$0
JEFF RAMLOW	DIRECTOR	0.25	Director	$0	$0	$0
TODD REILLY	DIRECTOR	0.25	Director	$0	$0	$0
JENNY RESCH	DIRECTOR	0.25	Director	$0	$0	$0
CHASE RETTLER	DIRECTOR	0.25	Director	$0	$0	$0
LARRY RIAKOWSKI	DIRECTOR	0.25	Director	$0	$0	$0
KEVIN SCHLEICHER	TREASURER/SE	0.25	Director	$0	$0	$0
TODD SCHROEDER	DIRECTOR	0.25	Director	$0	$0	$0
BILLIE SJOMERLING	DIRECTOR	0.25	Director	$0	$0	$0
MATHEW SNYDER	DIRECTOR	0.25	Director	$0	$0	$0
LISA SOBCZAK	DIRECTOR	0.25	Director	$0	$0	$0
HARLEE STINSON	DIRECTOR	0.25	Director	$0	$0	$0
CANDACE TAYLOR	DIRECTOR	0.25	Director	$0	$0	$0
MIKE WIZA	DIRECTOR	0.25	Director	$0	$0	$0
TIMOTHY WORTH	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL WITTE	EXECUTIVE DI	5.00	Officer	$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	$186,739	$212,220	$667,699	$-25,481
2022	$167,470	$187,368	$713,223	$-19,898
2021	$207,954	$237,719	$746,451	$-29,765
2020	$134,770	$229,938	$738,565	$-95,168
2019	$195,954	$239,902	$823,270	$-43,948
2018	$306,100	$192,257	$880,605	$113,843

PORTAGE COUNTY BUSINESS COUNCIL FOUNDATION INC