GREATER OSHKOSH ECONOMIC DEVELOPMENT CORPORATION

EIN: 471058496 Community Improvement

OSHKOSH, WI

Total Revenue
$598,976
Total Expenses
$640,898
Total Assets
$1,054,109
Net Assets
$1,043,077
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
WI
Principal Officer
TRICIA RATHERMEL
Phone
9202303321
Tax Period
2023-01-01 to 2023-12-31

GREATER OSHKOSH ECONOMIC DEVELOPMENT CORPORATION, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $599K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE LEADERSHIP, DIRECTION, COORDINATION, AND SERVICES TO ADVANCE ECONOMIC DEVELOPMENT IN THE GREATER OSHKOSH AREA.

Program Service Accomplishments

Program 1

ECONOMIC DEVELOPMENT LEADERSHIP AND COLLABORATION - GREATER OSHKOSH EDC WAS ESTABLISHED IN 2015 AND EXISTS TO PRESERVE THE HEALTH OF EXISITING COMPANIES, FOSTER A POSITIVE ENTREPRENEURIAL...

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ECONOMIC DEVELOPMENT LEADERSHIP AND COLLABORATION - GREATER OSHKOSH EDC WAS ESTABLISHED IN 2015 AND EXISTS TO PRESERVE THE HEALTH OF EXISITING COMPANIES, FOSTER A POSITIVE ENTREPRENEURIAL ENVIRONMENT, CONNECT COMPANIES TO WORKFORCE AND TALENT DEVELOPMENT RESOURCES, ENHANCE THE BUSINESS CLIMATE AND PROMOTE THE QUALITY OF LIFE IN GREATER OSHKOSH AREA.

Program 2

TARGETED INDUSTRY DEVELOPMENT - THE DOMINANT INDUSTRY IN THE GREATER OSHKOSH REGION IS MANUFACTURING, WITH NEARLY 1 OUT OF EVERY 4 PERSONS EMPLOYED IN A MANUFACTURING-RELATED OCCUPATION. GREATER...

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TARGETED INDUSTRY DEVELOPMENT - THE DOMINANT INDUSTRY IN THE GREATER OSHKOSH REGION IS MANUFACTURING, WITH NEARLY 1 OUT OF EVERY 4 PERSONS EMPLOYED IN A MANUFACTURING-RELATED OCCUPATION. GREATER OSHKOSH WILL CONCENTRATE ON FACILITATING OPPORTUNITIES IN THIS SECTOR, AS WELL AS AVIATION AND INFORMATION TECHNOLOGY, TWO OTHER TARGETED SECTORS IDENTIFIED BY OUR COMMUNITY AND ORGANIZATION.

Program 3

WORKFORCE DEVELOPMENT - GREATER OSHKOSH EDC CONTINUES TO WORK ON EFFORTS TO CONNECT EMPLOYEES TO WORKFORCE DEVELOPMENT RESOURCES IN THE REGION AND COLLABORATE ON TRAINING THE SKILLS NEEDED BY LOCAL...

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WORKFORCE DEVELOPMENT - GREATER OSHKOSH EDC CONTINUES TO WORK ON EFFORTS TO CONNECT EMPLOYEES TO WORKFORCE DEVELOPMENT RESOURCES IN THE REGION AND COLLABORATE ON TRAINING THE SKILLS NEEDED BY LOCAL BUSINESSES. WE PARTNER WITH UW OSHKOSH, FOX VALLEY TECHNICAL COLLEGE, DEPARTMENT OF WORKFORCE DEVELOPMENT, AND THE FOX VALLEY WORKFORCE DEVELOPMENT BOARD. GREATER OSHKOSH EDC HAS A SEAT ON THE FVTC OSHKOSH ADVISORY COMMITTEE AND THE OSHKOSH AREA SCHOOL DISTRICT ADVISORY COMMITTEE.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $385,929
Program Service Revenue $187,001
Investment Income $17,846
Other Revenue $8,200
TOTAL REVENUE $598,976

Expense Breakdown

Grants Paid $0
Salaries & Benefits $464,891
Fundraising Expenses $0
Other Expenses $176,007
TOTAL EXPENSES $640,898

Year-over-Year Comparison

2023 2022 Change
Revenue $598,976 $439,073 +0.4%
Expenses $640,898 $444,701 +0.4%
Net Income $-41,922 $-5,628 +6.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
24
Independent Members
24
Employees
7
Volunteers
24

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
5
$119,566
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRICIA RATHERMEL PRESIDENT & CEO 37.00
Officer
$105,262 $14,304 $119,566
KEVIN RALOFSKY CHAIR 3.00
Officer Director
$0 $0 $0
DAN RUEDINGER VICE CHAIR 3.00
Officer Director
$0 $0 $0
KEN ARNESON IMMEDIATE PAST CHAIR 3.00
Officer Director
$0 $0 $0
JEFF LIDDICOAT TREASURER 3.00
Officer Director
$0 $0 $0
AMY ALBRIGHT DIRECTOR 3.00
Director
$0 $0 $0
FRANK BRAUN DIRECTOR 3.00
Director
$0 $0 $0
JOEL BUROW DIRECTOR 3.00
Director
$0 $0 $0
BRYAN DAVIS DIRECTOR 3.00
Director
$0 $0 $0
JON DOEMEL DIRECTOR 3.00
Director
$0 $0 $0
KRISTIN FASSBINDER DIRECTOR 3.00
Director
$0 $0 $0
LOGAN FULLER DIRECTOR 3.00
Director
$0 $0 $0
TIM HESS DIRECTOR 3.00
Director
$0 $0 $0
STEVE HOOPMAN DIRECTOR 3.00
Director
$0 $0 $0
PHIL JANES DIRECTOR 3.00
Director
$0 $0 $0
ROB KELLER DIRECTOR 3.00
Director
$0 $0 $0
DARREN LETT DIRECTOR 3.00
Director
$0 $0 $0
DIANE PENZENSTADLER DIRECTOR 3.00
Director
$0 $0 $0
MARK ROHLOFF DIRECTOR 3.00
Director
$0 $0 $0
GINA SCHWANKE DIRECTOR 3.00
Director
$0 $0 $0
COURTNEY SHEARS DIRECTOR 3.00
Director
$0 $0 $0
WAYNE TREMBLY DIRECTOR 3.00
Director
$0 $0 $0
MANNY VASQUEZ DIRECTOR 3.00
Director
$0 $0 $0
DALE WALKER DIRECTOR 3.00
Director
$0 $0 $0
BILL WYMAN DIRECTOR 3.00
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 $598,976 $640,898 $1,054,109 $-41,922
2022 $439,073 $444,701 $1,065,743 $-5,628
2021 $580,252 $495,480 $1,068,856 $84,772
2020 $445,542 $447,235 $1,192,931 $-1,693
2019 $387,769 $512,975 $1,191,385 $-125,206
2018 $936,868 $515,020 $1,317,728 $421,848
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