Washington County Economic Development Corporation

Nonprofit profile at a glance

EIN
203851261
IRS 990 coverage
2012–2025
Forms available
Form 990 2025
Location
West Bend, WI, USA
Phone
2623355769
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public, Societal Benefit

Official website

Reported finances

Revenue
$1,086,822
Expenses
$957,354
Assets
$2,299,565
Liabilities
$1,381,215

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

Leadership & pay

16 people listed

Executive titles in this filing

  • DAVE GOODNO (PRESIDENT)
  • ISAIAH RICHIE (PAST PRESIDENT)
  • CHRISTIAN TSCHESCHLOK (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • CHRISTIAN TSCHESCHLOK (CHIEF EXECUTIVE OFFICER): $185,353 total reported compensation

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

Overview

Mission

Fueling growth companies for the creation of quality jobs and economic prosperity countywide. In so doing, the organization empowers companies and residents with the tools, resources andstrategic guidance they need to grow, innovate, and create lasting economic impact. They leverage newprivate sector investment to successfully accelerate business growth in Washington county, provide catalyticimpact within communities and generate quality opportunities for workers.

What it reported doing in 2025

New frontiers - explore innovation and strategic opportunities.- collaborate on ai manufacturing pilot - jointly launch an ai adoption pilot with the milwaukee tech hub coalition to support mid-sized manufacturers in integrating ai solutions through hands-on consulting, education, and financing support through the impact loan fund.- launch a flagship real estate development project - select and invest in a high-impact site, such as a community-centered flex space or a strategic redevelopment opportunity, and partner with local stakeholders to transform it into a vibrant community asset that edwc may either retain or spin off.- catalyze childcare access solutions - convene and enable partnerships among employers, providers, and local governments to expand licensed childcare capacity , pilot innovation staffing and funding models, and address the workforce needs at both ends of the specturm - supporting working families while strengthening the pipeline of childcare professionals.

Operating model

Revenue model
Earned-program. 92% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 99% 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

SUPPORTED - 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 liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 64
  • Accountability: 86
  • Sustainability: 52
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.7%; rating input score 78
  • Program expense ratio: 92.6%; rating input score 93
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 15th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 76.5%; rating input score 76; 37th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 93.3%; rating input score 93; 27th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • 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: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 11.9%; rating input score 60; 60th percentile among comparable filings
  • Total-asset coverage ratio: 2.4; rating input score 69; 69th percentile among comparable filings
  • Liabilities to assets ratio: 0.6; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 19.4%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: 9.7% per year; rating input score 100; 56th percentile among comparable filings
  • Revenue growth: 10.8% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: 19.9% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: 77.7% of revenue deployed · 92.6% of spending went to programs
  • Governance: 14 of 15 board members independent · 6 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $887K in reported program spending
  • Leadership: top reported pay $185K · 16 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 32 of 33 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes grants and executive pay
  • Filing history: 14 filing years from 2012 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.

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.
  • High — Sustainability: Officer compensation ratio scored 17/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.