Wbd Inc

What it reported doing in 2024

Wbd, inc. Was formed to assist small businesses in gaining access to capital to grow their businesses, create jobs, and build communities. The cornerstone of wbd's success is the delivery of the sba 504 product. Sold nationwide exclusively by not-for-profit certified development companies (cdc), the sba 504 loan fulfills the u.s. Small business administration's (sba) public policy objective to support small businesses and create jobs in our communities through long-term, fixed rate financing.at september 30,2025, wbd's sba 504 portfolio included 1,752 loans totaling $1,086,292,240. During the reporting period, 184 new loans were authorized for over $191 million as a part of projects totaling over $506 million. These projects are projected to create an additional 1,132 jobs. Since 1981 wbd has helped create more than 79,665 jobs. This past year, wbd ranked as the 9th most active cdc in the nation, based on number of 504 loans approved out of roughly 200 cdcs in the u.s. Wbd currently provides access to financing for thousands of businesses throughout Wisconsin, Minnesota, and serves Wisconsin-border areas in the upper peninsula of Michigan. Through our llc affiliate, wbd service company, llc, we provide outsourced services to financial institutions and non-bank community development lenders for the sba government sponsored lending programs. Through both training and outsourced services, wbd increases partner institutions' ability to access sba programs to serve their business clients. Wdb's expertise with the sba 7(a) program delivers value for projects that need more than fixed asset financing available through our core sba 504 loan program. During the reporting period, wbd packaged 62- 7(a) loans valued at over $27 million. These loans supported the creation of 129 new jobs.additionally, through our partnership with various community development and minority chamber organizations, wbd service company offers loan servicing and back-office support enhancing the agencies' abilities to deliver the services they provide. These agencies include, but are not limited to the following: hmong chamber of commerce, african american chamber of commerce, and Wisconsin latino chamber of commerce.

Financial Efficiency

• Mission deployment rate: 77.6%; rating input score 78
• Program expense ratio: 85.3%; rating input score 85
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 91.7%; rating input score 92; 6th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Pass
  • 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: 93.3%; rating input score 93; 23rd percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 69.2%; rating input score 69; 12th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • 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: 7%; rating input score 60; 60th percentile among comparable filings
• Total-asset coverage ratio: 2.38; rating input score 67; 67th percentile among comparable filings
• Liabilities to assets ratio: 0.28; rating input score 49; 49th percentile among comparable filings
• Officer compensation ratio: 23.9%; rating input score 2; 2nd percentile among comparable filings

Growth

• Program expense growth: 4.3% per year; rating input score 100; 37th percentile among comparable filings
• Revenue growth: 4.3% per year; rating input score 100; 37th percentile among comparable filings
• Asset growth: 9.8% per year; rating input score 100; 64th percentile among comparable filings