Revitalize & Develop East Moline Inc

Nonprofit profile at a glance

EIN
363815927
IRS 990 coverage
2012–2025
Forms available
Form 990 2025
Location
East Moline, IL, USA
Phone
3097558751
Rating
81
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$110,535
Expenses
$160,128
Assets
$836,902
Liabilities
$2,228

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

Leadership & pay

14 people listed

Executive titles in this filing

  • JENELLE WOLBER (EXECUTIVE VICE PRESIDENT)
  • JENNIFER HIRSCH (VICE PRESIDENT & TREASURER)
  • JAY MORROW (PRESIDENT)
  • TIM KNANISHU (EXECUTIVE VICE PRESIDENT)

Highest reported compensation

  • JENELLE WOLBER (EXECUTIVE VICE PRESIDENT): $87,000 total reported compensation
  • TIM KNANISHU (EXECUTIVE VICE PRESIDENT): $34,647 total reported compensation

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

Overview

Mission

To promote commercial, industrial and recreartional development that enhances both the tax base and the quality of life in east moline; provide financial assistance to and encourage businesses to locate in identified project areas; target businesses which will provide traingin for unemployed or underemployed individuals and secure unsafe properties in economically depressed areas; and offer sites on favorable terms to new or existing businesses.

What it reported doing in 2025

Riverfront project-activities pursuant to the development of riverfront and downtown properties, including mixed-use development, wetlands enhancement, and environmental cleanup.

Operating model

Revenue model
Donor-supported. 77% 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 90
  • Accountability: 84
  • Sustainability: 32
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 87.3%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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; 64th percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -44.9%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 5.23; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 47; 47th percentile among comparable filings
  • Officer compensation ratio: 76%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: 5.4% per year; rating input score 100; 52nd percentile among comparable filings
  • Revenue growth: -9.6% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -1.2% per year; rating input score 0; 18th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 87.3% of spending went to programs
  • Governance: 12 of 12 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $140K in reported program spending
  • Leadership: top reported pay $87K · 14 people listed
  • Consistency: 18 of 18 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 14 filing years from 2012 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Operating margin scored 5/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 47/100.