Winona Area Industrial Development (EIN 410830211) - 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

1950

Legal Domicile

Principal Officer

Kollin Foss

Tax Period

2023-01-01 to 2023-12-31

Winona Area Industrial Development, founded in 1950, is a small nonprofit that reported $108K in total revenue in fiscal year 2023. Revenue surged 288% from the prior year, signaling strong growth momentum. The organization ran a surplus of $88K, a strong 81% operating margin.

Mission

Promote Local Business Expansion

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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 $0

Program Service Revenue $27,751

Investment Income $1

Other Revenue $80,000

TOTAL REVENUE $107,752

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,945

Other Expenses $20,193

TOTAL EXPENSES $20,193

Year-over-Year Comparison

	2023	2022	Change
Revenue	$107,752	$27,767	+2.9%
Expenses	$20,193	$19,464	+0.0%
Net Income	$87,559	$8,303	+9.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Willy Dickenson	Director	1.00	Director	$0	$0	$0
Amber Hammernik	Bank Director	1.00	Director	$0	$0	$0
Joe Thesing	Bank Director	1.00	Director	$0	$0	$0
Doug Czaplewski	Director	1.00	Director	$0	$0	$0
Dave Vaselaar	Bank Director	1.00	Director	$0	$0	$0
Joel Von Haden	Director	1.00	Director	$0	$0	$0
Stanislav Petkov	Bank Director	1.00	Director	$0	$0	$0
Rich Mikrut	Director	1.00	Director	$0	$0	$0
Jim Vrchota	Bank Director	1.00	Director	$0	$0	$0
Steve Christopherson	At Large Bank Position	1.00	Officer Director	$0	$0	$0
Brad Peterson	Treasurer	1.00	Officer Director	$0	$0	$0
Kollin Foss	President	1.00	Officer Director	$0	$0	$0
Josh Severson	Past President	1.00	Officer Director	$0	$0	$0
Corey OLaughlin	Vice President	1.00	Officer Director	$0	$0	$0
Christie Ransom	Secretary	1.00	Officer Director	$0	$0	$0
Dan Arnold	At Large	1.00	Officer 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	$107,752	$20,193	$772,673	$87,559
2022	$27,767	$19,464	$765,664	$8,303
2021	$23,291	$21,019	$720,739	$2,272
2020	$15,212	$12,553	$680,423	$2,659
2019	$14,914	$18,177	$671,726	$-3,263
2018	$4,797	$10,309	$685,792	$-5,512

Winona Area Industrial Development