Lafayette Development Corporation

Nonprofit profile at a glance

EIN
391938556
IRS 990-EZ coverage
2011–2025
Forms available
Form 990-EZ 2025, Form 990-N 2015
Location
Darlington, WI, USA
Phone
6087768080
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Business and Industry

Reported finances

Revenue
$87,576
Expenses
$70,062
Assets
$246,430
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • VERN JACKSON (PRESIDENT)
  • MIKE MCDERMOTT (VICE PRESIDENT)

People named in this filing

  • VERN JACKSON (PRESIDENT)
  • MIKE MCDERMOTT (VICE PRESIDENT)
  • SCOTT CRUSE (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Promote economic development

What it reported doing in 2025

Promote economic development in a rural and financially distressed southwest Wisconsin agricultural community in lafayette county Wisconsin through internet website and printing

Operating model

Revenue model
Earned-program. 91% of the money available for current operations came from fees and other program revenue.
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.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 100
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.9%; rating input score 72
  • Program expense ratio: 98.4%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 20%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 3.52; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 96.3%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: 0.6% per year; rating input score 100; 49th percentile among comparable filings
  • Revenue growth: 4% per year; rating input score 100; 66th percentile among comparable filings
  • Asset growth: 12.4% per year; rating input score 100; 75th percentile among comparable filings

Details

  • Where the money goes: 71.9% of revenue deployed · 98.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $69K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 13 filing years from 2011 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Sustainability: Officer compensation ratio scored 0/100.