THE GREATER BELOIT ECONOMIC DEVELOPMENT CORPORATION (EIN 391981445) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

DREW PENNINGTON

Phone

6083646748

Tax Period

2024-01-01 to 2024-12-31

THE GREATER BELOIT ECONOMIC DEVELOPMENT CORPORATION, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $162K in total revenue in fiscal year 2024. Net assets of $1.3M represent 94 months of operating reserves.

Mission

TO FURTHER THE ECONOMIC DEVELOPMENT OF GREATER BELOIT EXCLUSIVELY THROUGH CHARITABLE & EDUCATIONAL ACTIVITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $131,150

Investment Income $7,778

Other Revenue $22,861

TOTAL REVENUE $161,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,643

Program Expenses $113,946

Other Expenses $177,560

TOTAL EXPENSES $177,560

Year-over-Year Comparison

	2024	2023	Change
Revenue	$161,789	$159,854	+0.0%
Expenses	$177,560	$132,173	+0.3%
Net Income	$-15,771	$27,681	-1.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$174,033

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM OSWALD	CHAIR	1.00	Officer Director	$0	$0	$0
ANN HANKINS	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
MIKE POKEL	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
REGINA DUNKIN	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
ALISON HESS	DIRECTOR	1.00	Director	$0	$0	$0
JOE CONTARINO	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH HORVATH	DIRECTOR	1.00	Director	$0	$0	$0
TOM GILBANK	DIRECTOR	1.00	Director	$0	$0	$0
SETH FRISBEE	DIRECTOR	1.00	Director	$0	$0	$0
ROB GERBITZ	DIRECTOR	1.00	Director	$0	$0	$0
DR TRACY PIERNER	DIRECTOR	1.00	Director	$0	$0	$0
JERRY KLOBUCAR	DIRECTOR	1.00	Director	$0	$0	$0
COLLIN KEETON	DIRECTOR	1.00	Director	$0	$0	$0
ROB RAMER	DIRECTOR	1.00	Director	$0	$0	$0
DR FRANK SCHOLZ	DIRECTOR	1.00	Director	$0	$0	$0
JERRY RITZERT	DIRECTOR	1.00	Director	$0	$0	$0
KEITH ROZOLIS	DIRECTOR	1.00	Director	$0	$0	$0
ERICA DANIELS	DIRECTOR	1.00	Director	$0	$0	$0
DR KRISTI COLE	DIRECTOR	1.00	Director	$0	$0	$0
COLE WEISER	DIRECTOR	1.00	Director	$0	$0	$0
RYAN STEUCK	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
TOM VALENTYN	DIRECTOR	1.00	Director	$0	$0	$0
DR WILLIE GARRISON II	DIRECTOR	1.00	Director	$0	$0	$0
DR DENNIS MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
SONYA HOPPES	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY MUELLER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF VOHS	DIRECTOR	1.00	Director	$0	$0	$0
HOMER AUGE	DIRECTOR	1.00	Director	$0	$0	$0
NANCY CLARK-MATHER	DIRECTOR	1.00	Director	$0	$0	$0
TOM FINLEY	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN KING	DIRECTOR	1.00	Director	$0	$0	$0
PETER MARSING	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT FISHER	DIRECTOR	1.00	Director	$0	$0	$0
DAN RISSE	DIRECTOR	1.00	Director	$0	$0	$0
TIM WELLNITZ	DIRECTOR	1.00	Director	$0	$0	$0
NICK DIMASSIS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT KUNES	DIRECTOR	1.00	Director	$0	$0	$0
MARC PERRY	DIRECTOR	1.00	Director	$0	$0	$0
MARK RAND	DIRECTOR	1.00	Director	$0	$0	$0
TARA TINDER	DIRECTOR	1.00	Director	$0	$0	$0
JERRY GABRIELATOS	DIRECTOR	1.00	Director	$0	$0	$0
TAMI SCARPETTA	DIRECTOR	1.00	Director	$0	$0	$0
SHELBY VISINTIN	DIRECTOR	1.00	Director	$0	$0	$0
DREW PENNINGTON	PRESIDENT/CEO	20.00	Officer	$0	$40,293	$174,033

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	$161,789	$177,560	$1,261,016	$-15,771
2023	$159,854	$132,173	$1,278,083	$27,681
2022	$238,569	$165,845	$1,249,106	$72,724
2021	$106,256	$455,638	$1,185,539	$-349,382
2020	$101,293	$610,851	$1,541,749	$-509,558
2019	$119,016	$79,340	$2,826,496	$39,676
2018	$131,030	$69,965	$3,545,786	$61,065
2017	$165,213	$143,312	$3,501,714	$21,901

THE GREATER BELOIT ECONOMIC DEVELOPMENT CORPORATION