WAUPACA COUNTY ECONOMIC DEVELOPMENT CORP (EIN 391807972) - 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

1995

Legal Domicile

Principal Officer

JEFFREY MIKORSKI

Phone

9209821582

Tax Period

2023-01-01 to 2023-12-31

WAUPACA COUNTY ECONOMIC DEVELOPMENT CORP, founded in 1995, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 37% operating deficit.

Mission

THE WCEDC PARTNERS WITH LOCAL MUNICIPALITIES, THE STATE OF WISCONSIN, AND INDIVIDUAL BUSINESSES TO INCREASE/RETAIN JOBS, GENERATE NEW INVESTMENT, ATTRACT VISITORS AND TOURISTS AND DEVELOP/SUSTAIN A HEALTH ECONOMY FOR WAUPACA COUNTY, WI.

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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 $1,147,172

Program Service Revenue $70,545

Investment Income $2,958

Other Revenue $0

TOTAL REVENUE $1,220,675

Expense Breakdown

Grants Paid $45,000

Salaries & Benefits $96,698

Fundraising Expenses $0

Program Expenses $1,671,767

Other Expenses $1,536,192

TOTAL EXPENSES $1,677,890

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,220,675	$2,187,329	-0.4%
Expenses	$1,677,890	$335,124	+4.0%
Net Income	$-457,215	$1,852,205	-1.2%

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

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

$90,480

Total Directors

$90,480

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY MIKORSKI	EXECUTIVE DI	40.00	Officer Director	$85,680	$4,800	$90,480
MELISSA FINN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MIKE FRAZIER	DIRECTOR	1.00	Director	$0	$0	$0
CHAD HOERTH	DIRECTOR	1.00	Director	$0	$0	$0
AARON JENSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
DICK KOEPPEN	DIRECTOR	1.00	Director	$0	$0	$0
BOBBI MILLER	DIRECTOR	1.00	Director	$0	$0	$0
DAVE NEUMANN	DIRECTOR	1.00	Director	$0	$0	$0
MARY ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
TERRI SCHULZ	TREASURER	1.00	Director	$0	$0	$0
PAUL SHRODE	DIRECTOR	1.00	Director	$0	$0	$0
LARRY THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD WAGNER	SECRETARY	1.00	Director	$0	$0	$0
DAVE WERTH	DIRECTOR	1.00	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	$1,220,675	$1,677,890	$1,980,520	$-457,215
2022	$2,187,329	$335,124	$2,431,333	$1,852,205
2021	$230,467	$147,455	$579,128	$83,012
2020	$215,228	$143,534	$581,445	$71,694

WAUPACA COUNTY ECONOMIC DEVELOPMENT CORP