OAKLAND COUNTY ECONOMIC DEVELOPMENT AND GROWTH ALLIANCE

EIN: 881664174 501(c)(3) Community Improvement

PONTIAC, MI

Total Revenue
$11,539,251
Total Expenses
$3,195,142
Total Assets
$8,598,556
Net Assets
$8,342,205
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
MI
Principal Officer
LAURA DODD
Phone
2486020040
Tax Period
2023-01-01 to 2023-12-31

OAKLAND COUNTY ECONOMIC DEVELOPMENT AND GROWTH ALLIANCE, founded in 2022, is a mid-sized nonprofit in the Community Improvement sector that reported $11.5M in total revenue in fiscal year 2023. The organization ran a surplus of $8.3M, a strong 72% operating margin.

Mission

TO BRIDGE ECONOMIC DISPARITIES, FOSTER INCLUSIVE GROWTH AND ENSURE OPPORTUNITIES BY LEVERAGING A NETWORK OF DIVERSE PARTNERS. THE ORGANIZATION'S GOAL IS A THRIVING, INCLUSIVE ECONOMY WHERE EVERY BUSINESS, BIG OR SMALL, HAS THE TOOLS AND SUPPORT TO FLOURISH.

Program Service Accomplishments

Program 1
Expenses: $2,139,032 Revenue: $7,920,000

SMALL BUSINESS SUPPORT- THE SMALL BUSINESS SUPPORT PROGRAM WORKS WITH ENTREPRENEURS AND SMALL BUSINESS OWNERS TO PROVIDE FREE TARGETED SUPPORT INCLUDING ONE-ON-ONE CONSULTANTS, TRAINING, AND...

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SMALL BUSINESS SUPPORT- THE SMALL BUSINESS SUPPORT PROGRAM WORKS WITH ENTREPRENEURS AND SMALL BUSINESS OWNERS TO PROVIDE FREE TARGETED SUPPORT INCLUDING ONE-ON-ONE CONSULTANTS, TRAINING, AND WORKSHOPS IN AREAS SUCH AS BUSINESS DEVELOPMENT, MARKET RESEARCH, ECOMMERCE, LEGAL SUPPORT AND ACCOUNTING.

Program 2
Expenses: $497,904 Revenue: $1,706,000

BUSINESS GROWTH- THE BUSINESS GROWTH SUPPORT PROGRAM ENCOMPASSES SUPPORT FROM SUCCESSION PLANNING TO GOVERNMENT CONTRACTING TO MATCHING BUYERS AND SUPPLIERS.

Program 3
Expenses: $118,462 Revenue: $230,900

COMMUNITY SUPPORT - THE COMMUNITY SUPPORT PROGRAM WORKS TO ENSURE THAT EVERY BUSINESS HAS THE TOOLS AND SUPPORT THEY NEED TO FLOURISH BY PROVIDING OPPORTUNITIES FOR MUNICIPALITIES, LARGE BUSINESSES...

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COMMUNITY SUPPORT - THE COMMUNITY SUPPORT PROGRAM WORKS TO ENSURE THAT EVERY BUSINESS HAS THE TOOLS AND SUPPORT THEY NEED TO FLOURISH BY PROVIDING OPPORTUNITIES FOR MUNICIPALITIES, LARGE BUSINESSES, FOUNDATIONS, AND ORGANIZATIONAL LEADERS TO BE PART OF OAKLAND COUNTY'S ECONOMIC SUCCESS STORY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $11,535,303
Program Service Revenue $0
Investment Income $15,948
Other Revenue $-12,000
TOTAL REVENUE $11,539,251

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,845,117
Fundraising Expenses $0
Program Expenses $2,755,398
Other Expenses $1,350,025
TOTAL EXPENSES $3,195,142

Year-over-Year Comparison

2023 2022 Change
Revenue $11,539,251 N/A N/A
Expenses $3,195,142 N/A N/A
Net Income $8,344,109 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
31
Volunteers
5

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
7
$310,773
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SEAN CARLSON CHAIRMAN 3.00
Officer Director
$0 $0 $0
ALAN KIRILUK VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
SHANNON STEELE TREASURER 1.50
Officer Director
$0 $0 $0
RENEE AXT SECRETARY 1.00
Officer Director
$0 $0 $0
GRACE LEE TRUSTEE 1.00
Director
$0 $0 $0
VICTORIA SELVA CEO 40.00
Officer
$175,460 $413 $175,873
LAURA DODD COO 40.00
Officer
$121,154 $6,396 $127,550
GLORIA LARKINS FRACTIONAL CFO 20.00
Officer
$7,350 $0 $7,350
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 $11,539,251 $3,195,142 $8,598,556 $8,344,109
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