WASHBURN COUNTY ECONOMIC DEVELOPMENT COR (EIN 431996476) - 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

2009

Legal Domicile

Principal Officer

JILL DUNLAVY

Phone

7156358242

Tax Period

2024-01-01 to 2024-12-31

WASHBURN COUNTY ECONOMIC DEVELOPMENT COR, founded in 2009, is a micro nonprofit in the Community Improvement sector that reported $26K in total revenue in fiscal year 2024. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $32K exceeded revenue, resulting in a 21% operating deficit.

Mission

ATTRACT AND HELP GROW BUSINESSES, EMPLOYMENT & INCOME IN WASHBURN COUNTY.

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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 $18,255

Program Service Revenue $0

Investment Income $8,113

Other Revenue $0

TOTAL REVENUE $26,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $593

Fundraising Expenses $0

Program Expenses $9,055

Other Expenses $31,442

TOTAL EXPENSES $32,035

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,368	$120,680	-0.8%
Expenses	$32,035	$76,820	-0.6%
Net Income	$-5,667	$43,860	-1.1%

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
STEVEN SMITH	MEMBER	1.00	Director	$0	$0	$0
NICK KOVERMAN	MEMBER	1.00	Director	$0	$0	$0
MILES MACONE	MEMBER	1.00	Director	$0	$0	$0
JOSH VILLELLA	MEMBER	1.00	Director	$0	$0	$0
ANDY EICHE	MEMBER	1.00	Director	$0	$0	$0
MIKE SCHAFER	MEMBER	1.00	Director	$0	$0	$0
BILL MARX	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JILL DUNLAVY	PRESIDENT/TREASURER	1.00	Officer	$0	$0	$0
KEVIN PAGOREK	SECRETARY	1.00	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	$26,368	$32,035	$141,522	$-5,667
2023	$120,680	$76,820	$147,447	$43,860
2022	$147,644	$127,510	$105,072	$20,134
2021	$139,500	$139,276	$86,470	$224
2020	$132,068	$138,734	$85,004	$-6,666
2019	$129,581	$127,486	$91,361	$2,095
2018	$138,046	$114,907	$89,759	$23,139

WASHBURN COUNTY ECONOMIC DEVELOPMENT COR