Oakland County Economic Development and Growth Alliance
Nonprofit profile at a glance
- EIN
- 881664174
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024
- Location
- Pontiac, MI, USA
- Phone
- 2486020040
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Small Business Development
Reported finances
- Revenue
- $3,497,438
- Expenses
- $4,411,229
- Assets
- $7,654,706
- Liabilities
- $226,292
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- VICTORIA SELVA (CEO)
Highest reported compensation
- VICTORIA SELVA (CEO): $209,440 total reported compensation
- LAURA DODD (COO): $171,804 total reported compensation
- GLORIA LARKINS (FRACTIONAL CFO): $20,850 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Donor-supported. 97% of the money available for current operations came from contributions and gifts.
- 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. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 71
- Accountability: 95
- Sustainability: 32
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 92.7%; rating input score 93
- Fundraising efficiency: $28.02 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 17th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -26.1%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 1.74; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 9.1%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: 39% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: -107% per year; rating input score 0; 0th percentile among comparable filings
- Asset growth: -11.6% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 92.7% of spending went to programs
- Governance: 5 of 5 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $4.1M in reported program spending
- Leadership: top reported pay $209K · 10 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $563K reported
- Consistency: 28 of 29 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 5/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Accountability: Governance controls: Whistleblower policy not reported.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.