Washington County Economic Development Corp EIN 20-3851261 Form 990 (PDF) Claim this org

Washington County Economic Development Corp

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Helps businesses grow to create jobs and boost the local economy. For fiscal year 2025 it reported $1.1M in revenue, $957K in expenses, and $918K in net assets.Pt I

Type
Membership association · Community Development
Location
West Bend, WI
Website
www.edwc.org
Filings
6 on file (2020–2025)
Revenue
$1.1MFY2025
Expenses
$957K
Net assets
$918K
People
16
Filings
6
Updates
0
More identity details & actions ⌄
EIN  20-3851261 Membership association West Bend, WI
Form 990 (PDF)
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Size
$1–10M
What they do
Helps businesses grow to create jobs and boost the local economy.
Leadership
Christian Tscheschlok · Chief Executive Officer · $168K
Money in and out
$1.1M revenue, $957K expenses
Bottom line
+12% operating surplus
Membership & operating revenue · FY2025
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$957K
Pt IX · Ln 25
Net assets
$918K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $129K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.07
Operating surplus
+12%
revenue over expenses▼ -48% vs prior filing year
Earned revenue
92%
of revenue from program services & dues▼ -3% vs prior filing year
Payroll share
54%
of spending is salaries & benefits▲ +3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$1.1M
FY2025▼ -10%
Expenses
$957K
FY2025▲ +3%
Total assets
$2.3M
FY2025▲ +48%
Total liabilities
$1.4M
FY2025▲ +80%
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$957K
Pt IX · Ln 25
Net assets
$918K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$129K
Total assetsPt X · Ln 16$2.3M
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 414

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWashington County Economic Development Corp
EINHdr · item D20-3851261
Principal addressHdr · item CWest Bend, WI
WebsiteHdr · item Jwww.edwc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFSep 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Executive Officer
$168,211Pt VII · Sec A
Past President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Christian Tscheschlok’s $168K as Chief Executive Officer is at the 55th percentile of top reported officer pay among 2834 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Christian Tscheschlok$168,211$156,728$157,333$123,844$126,765$124,846

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

2 program services account for $887K of program spending, described in the organization's own filed words · FY2025.
01

Edwc works to shape a prosperous future for washington county by supporting business and resident success one investment, one job, and one opportunity at a time. More specifically, the organization provides development consulting to businesses and communities through the deep expertise of highly experienced professionals, structures…

$879Kprogram expense
02

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…

$8Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$997K · 92%
Investment income$53K · 5%
Contributions & grants$37K · 3%
Program service revenue92%$997K
Investment income5%$53K
Contributions & grants3%$37K
Total revenueLn 12$1.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$887K
Management & general7%$70K
Total functional expensesLn 25$957K

Balance Sheet

Part X · end of year
CashLn 1$1.9M
Total assetsLn 16$2.3M
Total liabilitiesLn 26$1.4M
Total net assetsLn 32$918K
Months of cash on handcomputed23.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.9M · Operating expenses/yr $957K
23.7 months
Where the money goes
Program services
Program services $887K · Total expenses $957K
93%
Management & General
Management & general $70K · Total expenses $957K
7%
Fundraising
Fundraising $0 · Total expenses $957K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $26K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $37K · Total revenue $1.1M
3%
Government reliance
Government grants — · Total revenue $1.1M
Earned-income share
Program service revenue $997K · Total revenue $1.1M
92%
Investment reliance
Investment income $53K · Total revenue $1.1M
+5%
Program self-sufficiency
Program service revenue $997K · Total expenses $957K
104%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year $1.2M
-10%
Revenue CAGR
FY2020 $513K · FY2025 $1.1M
+16%
Net-asset trend (YoY)
End of year $918K · Beginning of year $789K
+16%
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $957K
+12%
Liabilities-to-Assets
Total liabilities $1.4M · Total assets $2.3M
60%
Net-asset ratio
Net assets $918K · Total assets $2.3M
40%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Christian Tscheschlok · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $168K · Total expenses $957K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $519K · Total expenses $957K
54%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 7%
Fundraising cost ratio 0%
Revenue growth -10%
Legal fee ratio 1%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $6K · 2025–2025
Unitemized GrantFY2025$6,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.1M revenue · viewing · ⤓ 990 PDF
FY2024$1.2M revenue · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$625K revenue · ⤓ 990 PDF
FY2021$543K revenue · ⤓ 990 PDF
FY2020$513K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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