Huron County Development Council EIN 34-1537256

Huron County Development Council

EIN  34-1537256 Public charity (501(c)(3)) Norwalk, OH
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Strengthens industrial operations in Huron County, Ohio.
Leadership
Dave Weisenberger · Trustee
Money in and out
$241K revenue, $164K expenses
Bottom line
66% program efficiency

Strengthens industrial operations in Huron County, Ohio. For fiscal year 2024 it reported $241K in revenue, $164K in expenses, and $242K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$241K
Pt VIII · Ln 12
Total expenses
$164K
Pt IX · Ln 25
Net assets
$242K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $78K
Where spending went · Part IX cols B–D
Program services $0.66 Management & general $0.34
Program efficiency
66%
of spending reaches programs
Operating runway
16.3mo
months of highly liquid reserves at operating expense rate▲ +61% vs prior filing year
Surplus margin
+32%
revenue over expenses, this year▲ +159% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$241K
FY2024▲ +86%
Total revenue
$241K
Pt VIII · Ln 12
Total expenses
$164K
Pt IX · Ln 25
Net assets
$242K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$78K
Total assetsPt X · Ln 16$242K
Program-expense ratioPt IX · col B66%
Voting members of governing bodyPt I · Ln 323
Independent voting membersPt I · Ln 423
Mission & Programs · Part III

Where the work happens

1 program service account for $109K of program spending, described in the organization's own filed words · FY2024.
01

Strengthen existing industrial operations, assist with development of new industrial operations, and assist with expansion and retention of existing industry in huron county, ohio.

$109Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHuron County Development Council
EINHdr · item D34-1537256
Principal addressHdr · item CNorwalk, OH
WebsiteHdr · item Jwww.huroncounty.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFNov 1993

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a23
Independent voting membersPt VI · Ln 1b23
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Treasurer-Fo
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$123K · 51%
Contributions & grants$118K · 49%
Program service revenue51%$123K
Contributions & grants49%$118K
Investment income$262
— government grantsLn 1e$116K
Total revenueLn 12$241K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.66 Management & general $0.34
Program services66%$109K
Management & general34%$55K
Total functional expensesLn 25$164K

Balance Sheet

Part X · end of year
CashLn 1$222K
Total assetsLn 16$242K
Total liabilitiesLn 26$0
Total net assetsLn 32$242K
Months of cash on handcomputed16.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $222K · Operating expenses/yr $164K
16.3 months
Where the money goes
Program services
Program services $109K · Total expenses $164K
66%
Management & General
Management & general $55K · Total expenses $164K
34%
Fundraising
Fundraising $0 · Total expenses $164K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $2K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $118K · Total revenue $241K
49%
Government reliance
Government grants $116K · Total revenue $241K
48%
Earned-income share
Program service revenue $123K · Total revenue $241K
51%
Investment reliance
Investment income $262 · Total revenue $241K
0%
Program self-sufficiency
Program service revenue $123K · Total expenses $164K
75%
Growth & trend
Revenue growth (YoY)
This year $241K · Prior year $129K
+86%
Revenue CAGR
FY2020 $185K · FY2024 $241K
+7%
Net-asset trend (YoY)
End of year $242K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $241K · Expenses $164K
+32%
Liabilities-to-Assets
Total liabilities — · Total assets $242K
Net-asset ratio
Net assets $242K · Total assets $242K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $242K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dave Weisenberger · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $164K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $41K · Total expenses $164K
25%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 66%
Overhead ratio 34%
Fundraising cost ratio 0%
Revenue growth 86%
Accounting fee ratio 5%

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 · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$16

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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
FY2024 (Latest)$241K revenue · viewing · ⤓ 990 PDF
FY2023$129K revenue · ⤓ 990 PDF
FY2022$151K revenue · ⤓ 990 PDF
FY2021$162K revenue · ⤓ 990 PDF
FY2020$185K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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