Jefferson County Development Corporation
Nonprofit profile at a glance
- EIN
- 203563410
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Mount Vernon, IL, USA
- Phone
- 6182443554
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $287,408
- Expenses
- $283,820
- Assets
- $571,086
- Liabilities
- $52,019
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
33 people listed
Executive titles in this filing
- JEFF HAARMANN (President)
- KEVIN PHILLIPS (President)
- JOE GLIOSCI (President)
People named in this filing
- JEFF HAARMANN (President)
- ANGELA HOLMES (Director)
- JOHN LEWIS (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Jefferson County Development Corporation is a non-profit organization whose purpose is to promote economic development in the area of Jefferson County, Illinois by maintaining resource information, such as workforce data, geographic and demographic information, and building and site information for industrial and commercial leads, coordinates the marketing effort for Jefferson County to attract new jobs to the area and the Corporation also helps existing companies with expansions by coordinating meetings and keeping information on hand as resource information for company expansions and retention. The Jefferson County Development Corporation implements and coordinates programs and initiatives to support and assist the economic growth of the area to provide better paying jobs, improve the education and training of the workforce and to improve the overall quality of life for the citizens of Jefferson County. This work is performed by a full time Executive Director and Administrative A
What it reported doing in 2024
The Jefferson County Development Corporation has promoted economic development in the area of Jefferson County, Illinois by maintaining resource information, such as workforce data, geographic and demographic information, and building and site information for industrial and commercial leads. The Corporation has coordinated the marketing effort for Jefferson County to attract new jobs to the area. The Corporation also has helped existing companies with expansions by coordinating meetings and keeping information on hand as resource information for company expansions and retention.
Operating model
- Revenue model
- Grant-funded. 65% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 83
- Accountability: 82
- Sustainability: 48
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.3%; rating input score 87
- Program expense ratio: 87.8%; rating input score 88
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 19th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 1.2%; rating input score 42; 42nd percentile among comparable filings
- Total-asset coverage ratio: 2.01; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 27; 27th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 0.6% per year; rating input score 100; 33rd percentile among comparable filings
- Revenue growth: 2% per year; rating input score 100; 34th percentile among comparable filings
- Asset growth: 1.6% per year; rating input score 100; 32nd percentile among comparable filings
Details
- Where the money goes: 87.3% of revenue deployed · 87.8% of spending went to programs
- Governance: 28 of 28 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $249K in reported program spending
- Leadership: top reported pay $0 · 33 people listed
- Consistency: 23 of 24 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 42/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.
- High — Sustainability: Liabilities to assets ratio scored 27/100.